FMBN Refunds N32m NHF to 383 Army Officers

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Dele Ogbodo in Abuja

The Federal Mortgage Bank of Nigeria (FMBN), has disbursed N32million to 383 army officers as part of their National Housing Fund (NHF) contribution within the last three years.
This was disclosed during a courtesy call on FMBN management team by the Nigerian Army Command, led by the Director, Nigerian Army Finance and Accounts (DAFA), Brig. General J.O Ozigi, at the Apapa District office of the bank in Lagos.

The army commended the bank for its efforts at providing timely service, advice and information on the trends in the mortgage and housing construction subsector.

The statement issued at the event: “The bank had disbursed about N32million as refunds to 383 eligible personnel of the Nigerian Army in the last 3 years and that contributors’ statement of account were up to date.

“That the bank and federal government were working on a number of initiatives towards increasing housing supply in the market, and that the army personnel to take advantage of the opportunity to become home owners, which in turn would improve productivity in the service.”

The army, the statement added, also commended the efforts of FMBN as a strategic partner in enhancing the welfare of officers and personnel of the Nigerian Army.

According to the statement, considerable progress has been made on NHF Refunds for eligible applicants from the Nigerian army, mortgage loan accessibility, contributors’ statement of account and the need to sustain mutual and common platform of engagement.

Ozigi, urged the bank to carry out outreach and sensitization of the of its various products and services especially for newly recruited officers across the country.

FMBN District Coordinator, Mrs. Uche Okoli, expressed the appreciation of the bank for the mutual cooperation and sustained cordial relationship with the army.

She commended the initiative of the command to create a platform of engagement towards forging a stronger relationship based on mutual collaboration and cooperation, assuring to continue to strive towards improving service delivery to both the public, private sector and other stakeholders in housing delivery sector.