Dangiwa named mortgage finance person of the year sans decline

Ahmed Musa Dangiwa

The Managing Director/Chief Executive Officer of the Federal Mortgage Bank of Nigeria (FMBN), Ahmed Musa Dangiwa has been named 2018 Mortgage Finance Person of the Year in the male category.

The award was presented to the FMBN CEO by the organizers of the Nigeria Housing Awards (NHA) at the closing ceremony to mark the end of the 12th Abuja International Housing Show, held at the International Conference Centre (ICC) Abuja.

The organizers stated that the award was in recognition of the ongoing aggressive and innovative efforts of the Dangiwa led executive management of the FMBN to reform and reposition Nigeria’s foremost mortgage finance institution so it can more effectively deliver on its mandate to catalyse the provision of affordable social housing to Nigerian workers.

Specifically, they cited the ongoing N500 billion recapitalization drive of the bank to boost its capacity to create affordable mortgages which has received federal government and stakeholder wide support.

Other ground-breaking milestones recorded by the FMBN Management cited include zero equity contribution for mortgage loans that are N5million and below, reduction of equity for loans of up to N15million from 30 to 10 percent as well as increased tempo in the provision of housing loans to Nigerian workers under the National Housing Fund (NHF).

Responding to the honour, Dangiwa, an architect thanked the organizers of the awards for the industry recognition.He dedicated the award to his executive management team and staff of FMBN for their support, contribution and hard work that is driving the very important work to restructure FMBN. He pledged to play the leading role in tackling the very high housing deficit but also building a strong and robust mortgage finance market.

He also expressed appreciation to the FMBN Board Chairman, Dr. Adewale Adeeyo and the Honourable Minister of Power, Works and Housing Babatunde Raji Fashola, for their continual support.The NHA is organized by Fesadeb Communications Limited, promoters of Nigeria’s biggest annual International housing industry event, the Abuja Housing Show.

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