Business
NHFS: Abia Civil Servants Contribute N1.46bn
The Federal Mortgage
Bank of Nigeria (FMBN) has disclosed that Abia State Civil Servants have so far contributed about N1.46 billion into the conffers of the mortgage institution.
According to a statement by the mortgage bank in Umuahia on Friday, Abia Sate is participating actively in the National Housing Fund Scheme in a bid for the State Civil Servants to have their own houses.
The bank’s chairman Chief Bisi Ogunjobi stated this while commissioning the South-East Zonal Office of the Bank in Umuahia, Abia State.
Ogunjobi expressed satisfaction that the mortgage bank was also fulfilling its part of the agreement under the National Housing Fund Scheme with Abia State Government stressing that the bank had so far paid N47.2 million to retired contributors in the state.
The bank’s chairman announced that the bank had financed two housing estates development projects in Abia State to the tune of N1 billion.
He said the loans for the two projects were advanced to Abia State Housing Corporation ad Property Development and Slogani Properties Limited for the construction of combined 380 housing units.
He added that a new estate project by city-point Global Investment Limited for the Construction of 500 housing units at cedar Estate was also being considered for approval by the bank’s management.
Ogunjobi was represented at the commissioning event by the Director representing the South-East zone on the board of the FCMB, Dr Goodluck Duru.
He also commended the mutually beneficial relationship between the Abia State Civil Servant and the Bank.