• News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
MSME Africa
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
MSME Africa
No Result
View All Result

FMBN Denies Link to N40 Million Mortgage Pre-Financing Scheme with HXAfrica

Olusola Blessing by Olusola Blessing
November 18, 2024
in Business, News
0
FMBN Denies Link to N40 Million Mortgage Pre-Financing Scheme with HXAfrica
Share

The Federal Mortgage Bank of Nigeria (FMBN) has refuted claims linking it to a N40 million mortgage pre-financing scheme purportedly offered by Housing Exchange Africa (HXAfrica).

 

In a formal statement issued on Saturday, FMBN’s Group Head of Corporate Communications, Virginia Jang, clarified that the bank had neither approved nor partnered with HXAfrica on the alleged mortgage initiative.

Jang addressed the media reports suggesting a collaboration, stating, “The management of the Federal Mortgage Bank of Nigeria wishes to disclaim reports in the media by HXAfrica regarding the purported N40 million mortgage pre-financing scheme, which referred to FMBN as a partner.” She explained that although HXAfrica had applied for engagement with the bank, no formal arrangement had been approved.

The bank reiterated its commitment to supporting Nigerians in the diaspora through its upcoming Diaspora Mortgage Scheme, which is still pending regulatory approval. Jang emphasized that any collaboration with external organizations would be subject to proper vetting and official approval.

Additionally, the National Diaspora Commission (NIDCOM) issued a similar disclaimer regarding the scheme. Both FMBN and NIDCOM urged the public to rely on official channels for updates on the Diaspora Mortgage Scheme once the necessary approvals are in place.

 

Post Views: 25
Share

Related Posts:

  • Affordable housing stakeholders eying USD10,000 units
    Affordable housing stakeholders eying USD10,000 units
  • Transforming Shelter Afrique into Shelter Afrique Development Bank (ShafDB)
    Transforming Shelter Afrique into Shelter Afrique…
  • Call For Applications: Africa Technology and Innovation Partnership (ATIP) Program
    Call For Applications: Africa Technology and…
  • Shelter Afrique Launches Housing Affordability Calculator
    Shelter Afrique Launches Housing Affordability Calculator
  • Top 15 Social Media Marketing Tools for Nigerian Entrepreneurs
    15 Social Media Management Tools That Will Make Life…
  • Shelter Afrique urges African Governments to prioritize housing to achieve SDGs
    Shelter Afrique urges African Governments to…
Tags: FMBNHXAfricaNIDCOM
Previous Post

NAFDAC Urges Businesses to Prioritize Compliance to Avoid Major Losses

Next Post

Nigeria Leads Global Effort to Feed 10 Million More Children with School Meals by 2030

Next Post
Nigeria Leads Global Effort to Feed 10 Million More Children with School Meals by 2030

Nigeria Leads Global Effort to Feed 10 Million More Children with School Meals by 2030

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
Join MSME on Whatsapp
Subscribe To Our Newsletter
Enter your email to receive a weekly round-up of our best posts. Learn more!
icon
By subscribing, you agree with our privacy policy and our terms of service.

Recent Posts

  • FG Engages Japan for $110 Million Food Security Loan
  • Nigeria’s Telecom Regulator Develops National Cybersecurity Framework to Tackle Growing Digital Threats
  • APM Terminals Launches First Zero-Carbon Recycling Hub in Apapa to Tackle Plastic Waste
  • Ilorin Innovation Hub Partners with Paystack to Boost Kwara’s Startup Ecosystem
  • Oando Secures $375 Million Loan Upsize to Boost Oil and Gas Expansion Plan

Recent Comments

  • 10 Reasons Why SMEs Should Invest in Video Marketing - MSME Africa on How to Create Viral Videos for Social Media in 2024
  • link alay4d on 5 Nigerian-based Companies Providing Accelerator Programs for Startups in 2024
  • Damilare Oladeji on Nigerian Government Agencies that Support Entrepreneurship in 2024
  • situs alay4d on 50 Best Tools to Boost Your Productivity as an Entrepreneur in 2025
  • Otabor Osayomore Blessing on Ultimate 2025 Guide to the Top Business Enabling Cities for Startup Founders and Entrepreneurs in Nigeria
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.

No Result
View All Result
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.