Brent Mortgage hands over staff quarters to Ogun varsity

IN fulfillment of its goal of providing affordable accommodation in Nigeria, Brent Mortgage Bank has handed over 12 units of two bedroom terrace apartments to the management of Olabisi Onabanjo University (OOU), Ago Iwoye, Ogun state.

The bank said the idea was conceived primarily to solve the accommodation problem being faced by staff of the university, which is affecting their output.

Speaking at the handover ceremony, the Managing Director of the Bank, Mr. Kola Abdul recalled that the construction of the facility at OOU followed the recent repositioning of the bank aimed at ushering in a new beginning and bigger opportunities.

Abdul said that they decided to partner with the management of the university to actualize their dream of providing affordable accommodation to their staff on campus.

He expressed the hope that the relationship between the management of OOU, University community and the bank would endure.

Brent’s chief, while disclosing that the OOU staff quarter was the first to be provided by the bank in any tertiary institution in the country, said the development of apartments would come in phases.

He lamented that many Nigerians are unable to build houses due to limitation of funds. He, however, advised that people who are employed should take mortgage loans to buy property.

Explaining the rationale for the partnership with OOU, Abdul said: “The idea is to further market the products of Brent Mortgage bank and tell people that we are doing things in a different way while also conforming with the directive of the Central Bank of Nigeria (CBN) in laying down the principles of mortgage criteria for the university.”

The Vice Chancellor of OOU, Professor Saburi Adesanya said the University community is elated by the development. “The university has a long way to go. So we urge the Bank to fast-track the construction of the second phase,” he said.

The VC, who was represented by the Deputy Vice-Chancellor, Professor Adewale Sule-Odu enjoined the bank to do more for the institution, assuring that the institution will support it by providing the enabling environment and technical support for the construction of more apartments.