Mortage bank approves loan for civil servants in Adamawa



Federal mortgage bank

The Federal Mortgage Bank of Nigeria (FMBN) has approved N360 million loan for 451 civil servants of Adamawa, an official has said.

Mrs Rahimatu Aliyu, Executive Director, Loans and Mortgage Services of the bank, disclosed this in Yola on Monday at the presentation of cheques to beneficiaries of the FMBN Home Renovation Loan in Adamawa.

Aliyu said that the gesture was in line with one of the cardinal agenda of President Muhammadu Buhari’s administration which was the provision of housing.

She said that the bank had so far disbursed N4.7 billion to 6,000 beneficiaries across the country.

The director said that the bank had funded two estate development projects in the state.

According to her, ”we have so far funded 400 houses in Wauru Jabbe in Jimeta and another 88 houses at Konan Waya on Ngurore-Yola road of the state.

The executive director said…

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