Business
FMBN Pledges Proactive Housing Policies
The Federal Mort
gage Bank of Nigeria (FMBN) has pledged to evolve proactive and effective strategies to attract offshore funding for affordable housing to Nigerians.
Speaking to newsmen in Abuja on Friday the banks Managing Director, Gimba Ya’u Kumo, said the bank would improve on its service delivery to National Housing Fund (NHF) contributors across the country.
Kumo said the newly inaugurated management board of the bank would recapitalise the bank and improve its balance sheet structure to modify its standing as a financial institution.
He added that the board also plans to look at improvement of members of staff welfare as well as ensure a well motivated workforce and profitable operations.
He said that the bank is committed to ensuring that the ongoing housing estate projects under the ministerial pilot housing scheme as well as the Goodluck Jonathan Legacy Estate in Kaba District in the Federal Capital Territory (FCT) are vigorously pursued to completion and on time.
The FMBN boss assured stakeholders in the housing sector of the bank’s determination to sustain the cordial relationship existing between the bank and its customers in the various projects.
He said the bank is gradually overcoming the various challenges it faced through the cooperation of its customers and stakeholders stressing that the bank would continue to be one of the performing public sector banks in the country.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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