FMBN FINALIZES PLANS TO LAUNCH DIASPORA MORTGAGE LOAN

The Federal Mortgage Bank of Nigeria (FMBN) has finalized plans to officially launch the Diaspora Mortgage loan.

The MD/CEO, FMBN, Hamman Madu said this when he hosted the Chairman of the Nigerians in Diaspora Commission (NiDCOM) Mrs. Abike Dabiri-Erewa at the Bank’s head office in Abuja yesterday.

He noted that the launch had been delayed due to the change in leadership but that the new management under his leadership is committed to ensuring the smooth take off of the product.

Mr. Madu assured the NiDCOM Chairman that efforts are underway to ensure that a new date is fixed for the kick-off of the innovative mortgage loan product that would enable Nigerians living in the Diaspora own their homes in Nigeria with ease and comfort.

He added that the Diaspora were an integral component of a country’s development because of their skills, expertise, and resources to invest in their homeland.

“This platform will be of immense value to Nigerians both home and in the Diaspora. Before the end of May, we will have a date for the launch. The committees set for the arrangement will begin work to expedite the launch and then the venue and other logistics with the approval will be communicated at the end of the month,” he said.

The Chairman of NiDCOM, Mrs. Dabiri-Erewa said that the partnership with the FMBN would help in cutting off any middleman that would pose any challenge to Nigerians Diaspora that wish to own a home in Nigeria. She added that the housing scheme would be beneficiary for Nigerians at home and in the Diaspora.

“We have created the housing scheme platform where we now have about 1,700 interested Diaspora wanting to enroll.”

She also warned Nigerians in the Diaspora not to fall victim of fraudsters, urging them to always go through the official platform and address of the scheme: https://nidcom.gov.ng/diaspora-housing-platform/