Connect with us


FMBN Disburses N782.6m To NHF Contributors



In continuation of its periodic disbursement of loans to the contributors of the National Housing Fund (NHF) Scheme, the Federal Mortgage Bank of Nigeria (FMBN) in the last quarter of 2011, specifically within the months of November and December, disbursed a total of N782, 626, 700.00 to 119 beneficiaries who are contributors to the scheme.

The disbursement, according to the apex mortgage bank, was aimed at enthroning accountability and transparency in the operations of the NHF Scheme.

Stakeholders and finance experts however, say that FMBN needs to do more in the operations of the scheme, which it midwives, explaining that many Nigerians who desire and deserve to own their own homes do not know what to do to access the NHF loan.

“Beyond opening an account with an NHF accredited Primary Mortgage Institution (PMI) through which I would be contributing to the scheme, I don’t know any other thing about how to access this loan even as a contributor”, John Igbe told our correspondent.

Igbe, who claimed to be a contributor having opened an account with a PMI for that purpose in 2004, said he wanted the FMBN to take up the challenge of putting life into the operations of the PMIs and ensure that contributors have access to the NHF loans.  He added that the bank needs to do a lot of sensitisation and create awareness through whichever means it deems fit so that people know what to do and how to do it.

Benneth Anekwe, also “a registered contributor” agrees stressing however, that the FMBN reform which seeks, among other things, to recapitalise it, is uncalled for, “because, if you ask me, I would tell you I don’t know what FMBN needs that fund for; I don’t know if it is going to disburse funds directly to the PMIs or the contributors.  I really don’t know what purpose the FMBN recapitalisation will serve. I would rather the PMIs are strengthened and made viable so that they can advance loans to those who need loans”.

NHF Scheme established in 1992 was aimed at giving housing loans to contributors at an interest rate as low as six per cent and for up to 25-30-year repayment tenor, but the operations of the scheme make access to its loans very cumbersome.

Through the ongoing reform aimed at repositioning the scheme and making it more contributor – friendly, minimal success has been achieved with its increased contributor-base and ICT based operations.  Part of the main problems of the scheme derived from the challenges faced by FMBN which supervises its operations, and according  to Gimba Kumo, the bank’s Managing Director and Chief Executive Officer, it is yet to realise its full potential.  This perhaps, explains the huge gap in housing demand and supply that has left the country with over 16 million housing units deficit.

Continue Reading

online games

Reasons Why Train Travel is the Best



Train travel is one of the most underrated form of long-distance travel available. Well, there are moments whereby air travels will face its own ups and downs. Cars can also easily go misaligned, but train travel is unlikely to face any form of mishap.

Trains can actually get you everywhere, the only thing is that they can’t cross oceans and most remote areas don’t have access to trans.

But if you have a tight budget and you want to travel within the continent, city to city then they are good option that you should try, and play games at

Here are some of the reasons that you need to consider taking a train to your next destination.


In some countries trains are very cheap. But that’s not the case in the US. In the USA trains are not cheap, but in general terms they are cheaper than a plane especially when it comes to short distances.

Moreover, most train stations offer its passengers discounts on different destinations. Nevertheless, children under 2 years old ride for free whereas kids from 2 to 15 years will ride half price. Above all, train prices are very stable compared to other means of transport.


When it comes to other means of transport such as airplane and buses you will get to stand in long check-in lines. But you will never see such at train stations. In most cases, at train stations you will just get your ticket and just walk in the train without any hassle. This offers the best sanity any passenger would love to have.


Train rides are smooth sailing, the seats are roomy enough for you to sit, relax and enjoy your journey. At the same time, you have the best chance to play best online keno casino games in peace without any form of disturbance.





Continue Reading


FRSC Commences Enforcement Of NIN In Driver’s Licence Processing



Following the Federal Government’s directives on the harmonisation of citizens’ data by relevant agencies, the Federal Road Safety Corps (FRSC) had in compliance with the directives earlier put members of the public on notice.

As a follow up to that, FRSC Management has resolved that effective December 21, 2020, all applicants for the National Driver’s Licence in Nigeria must present the National Identification Number ( NIN) from the National Identity Management Commission (NIMC) before they can be captured for any class of the licences produced by the FRSC.
According to the press release signed by the Assistant Corps Marshal Bisi Kazeem, all driver’s licence applicants are therefore, expected to present their National Identification Number (NIN) from the date, before they can be attended to, adding that there would be no waiver for anyone.
Bisi further stressed the need for a harmonised database on citizens’ information which he said is critical to resolving the challenges of identifying individuals to assist security agencies in data collation and quick retrievals to address some of the national security challenges.
He called on members of the public particularly, those going for their driver’s licence processing to take note of the directives and carefully follow the procedures for obtaining their NIN from the National Identity Management Commission (NIMC) which must be verified to be authentic, before action can be taken on their application for the licences.
Kazeem further stated that all numbers presented by the applicants must correspond with what NIMC issued to individuals for a harmonised database.
The Corps Public Education Officer solicited the cooperation of members of the public to make the policy a success in the collective interest of the nation and commitment to building and maintaining a credible national database on citizens.
He assures that FRSC remains committed to supporting the Federal Government in its resolve to tackling the challenges of citizens’ identification and national security challenges.
While reassuring the driver’s licence applicants of improved services at the licence processing centres across the country, the FRSC spokesperson reiterated the earlier messages of Corps Marshal Oyeyemi that improved service delivery remains the center point of the corps’ operations.
He further stressed that with due compliance by all driver’s licence applicants, the process of physical capturing at the licence processing centre would be smooth in line with the improved processes put in place.

Continue Reading


Monarch Tasks RSG, NDDC On Chokota-Umuebulu Road




The Onye Ishi Ala Chokota in Etche Local Government Area of Rivers State, Eze I.S. Wekeh, has appealed to the Rivers State Governor, Chief Nyesom Wike, and the Niger Delta Development Commission (NDDC) to add Chokota-Ikwerengwo-Umuebulu Road to their respective priority projects with a view to rehabilitating the road.

Eze Wekeh who made the appeal recently while speaking with newsmen urged the state government to come to the aid of the residents in the area, saying the area hosts several oil wells mined by Shell Petroleum Development Corporation (SPDC), therefore playing a key role in the revenue generation of the nation.

According to him, “during the time the present state government flagged-off the construction of Igbo-Rumuokwurusi Road, there was an assurance that Chokota-Ikwerengwo-Umuebulu Road will be rehabilitated, but we are still hopeful that the road is still dear to his heart, as we are still expecting result. I am also appealing to NDDC to come to the aid of the inhabitants of the area as well as the multinational corporation operating in the area”.

A resident in the area, Mrs Adaku Amadi, who spoke to The Tide, said “Things are very difficult here for us due to the bad road. Our mothers use to go to the farm with bicycle or motor cycle and they usually fall on the bad road. Some pregnant women will deliver without any medical treatment because of lack of access to medication due to bad road. So we are appealing to government to help us alleviate this suffering by rehabilitating the road”.

Another resident in the area, Mr Paul Wosu, said “my brother, we use to suffer here and we are expecting government to do something, even NDDC as an interventionist agency to come to our aid. Now you can drive in because everywhere is dry, but during the rainy season, you can not dare it, because the flood will drown you. We are still appealing for positive response from the relevant authorities”.

It would be recalled that the NDDC had sometime in 2006 promised to fix the road as part of their priority projects, but could not mobilise to site till date a result, the state government promised to rehabilitate the road.

Continue Reading