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FMBN Seeks Help To Recover N100b From Developers


Management of the Federal Mortgage Bank of Nigeria (FMBN) has asked for ways to collaborate with the Economic and Financial Crimes Commission (EFCC).

This was the main reason the FMBN paid a courtesy visit to the Commission on Thursday, August 18, 2016.

During the visit, the FMBN team led by the acting Managing Director and Chief Executive, Richard Esin, lauded the achievements of the EFCC under the leadership of Ibrahim Magu in less than one year of his assumption of office.

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He said the Bank came to identify with the EFCC and to also plea for assistance from EFCC to move in and intervene and recover about N100 billion in the hands of Developers and Primary Mortgage Banks.

Acting Chairman of EFCC, Ibrahim Magu, in his remarks, appreciated the management of the Bank for the visit and assured that the Commission will do everything within its mandate to assist the Bank from going under.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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