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Federal Mortgage Bank Of Nigeria Applauds FRSC On Efficient Transactions

The Managing Director/Chief Executive Officer of the Federal Mortgage Bank of Nigeria (FMBN), Architect Ahmed Musa Dangiwa has applauded the Federal Road Safety Corps (FRSC), for sustaining efficiency and non indebtedness in its transactions with the Bank, appointing the Corps Marshal as the Ambassador of the National Housing Fund (NHF). He disclosed this on Thursday, while receiving the Corps Marshal and members of the FRSC Staff Housing Cooperative at the FMBN Corporate Headquarters, Abuja.

According to Architect Dangiwa, FRSC is a shining example of the success story of the Bank’s relationship with its strategic stakeholders and called on others to emulate the Corps. He further disclosed that so far, one billion, two hundred and forty million, four hundred and ninety one thousand, one hundred and sixty naira (1,240, 491, 160) mortgages have been disbursed to two hundred and twenty two (222) personnel of the Corps, while a Home Renovation Loan of 5 hundred and forty five million, seven hundred and ninety thousand naira (N545, 790,000) was equally disbursed to five hundred and seventy five (575) personnel of the Corps.

He stressed that in all the transactions with the Bank, FRSC consistently made repayments without any case of indebtedness recorded against it. This he said has made the Corps an outstanding stakeholder in the Bank’s commitment to making houses affordable to personnel in public service. The Managing Director further stated that in the Bank’s commitment to reciprocating FRSC’s good business sense, the sum of six hundred and twenty million naira (N620,000,000) is being processed as Home Renovation Loan to be disbursed to the staff of the Corps.

He further disclosed that as part of the public demonstration of the Bank’s appreciation of the efficiency and trustworthiness demonstrated by the FRSC, the investiture of the Corps Marshal as the Ambassador of NHF will take place very soon and would coincide with the disbursement of the Home Renovation Loan being processed to the beneficiaries.

While commending the Corps Marshal for taking issues of staff welfare as demonstrated through his commitment to staff house ownership seriously, Architect Dangiwa gave assurance that in the various housing projects being undertaken by the Bank across the country, personnel of the Corps will be taken into consideration.

Earlier in his opening remarks, the Corps Marshal of FRSC, Dr Boboye Oyeyemi paid glowing tributes to the past Managements of the Bank for sustaining cordial relationship between the FRSC and the Bank, saying he is committed to improving on the existing relationship. He stressed the importance of shelter in his evaluation of staff welfare scheme, noting that his choice of staff house ownership scheme as the cornerstone of his welfare programme was borne out of his realization of the need for every staff to be well accommodated preparatory to their retirement from service. This he said informed his launch of “one man, one House” scheme and the staff Post Service Scheme being operated by the Corps.

The FRSC Boss described the post service scheme as a success story and commended the Federal Mortgage Bank of Nigeria for providing opportunity for public servants to own affordable houses through its house ownership scheme spread across the country. He gave assurance that FRSC will continue to key into the various housing schemes of the Bank to ensure that every staff derives the best from them, adding that the Corps will continue to honour its obligations to the Bank diligently by ensuring timely repayments in line with agreements reached.

Building on the success story of the partnership with the Bank, the Corps Marshal specially requested the Bank to process the outstanding mortgages on Estate Development Loan, 182 affordable housing schemes at Luvu Village, Masaka in Nasarawa state and to consider FRSC in the Federal Government Projects across the country with request to grant Housing Cooperative Loan to the FRSC Housing Cooperative.

The Corps Marshal expressed delight at the Management of the Bank for giving consideration to staff on the lower ranks who he described, as his foot soldiers, to make them beneficiaries of the bank’s facilities and looks forward to sustained partnership.

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