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FEDERAL MORTGAGE BANK
The Federal High Court in Abuja has granted N100 million bail to a former Chief Executive Officer of the Federal Mortgage Bank of Nigeria (FMBN), Mr. Gimba Kumo Yau, who is accused of allegedly awarding a $65,000,000 real estate contract to an allegedly incompetent firm, Good Earth Power Nigeria Limited, in 2012.
The Federal Mortgage Bank (FMBN) has announced it is set to launch a diaspora housing scheme, in partnership with the Nigerian in Diaspora Commission (NiDCOM).
The Federal Mortgage Bank has accused the World Bank of creating confusion in the housing sector by creating...