ADVERTISEMENT

640 FRSC officers get N640m FMBN loan to renovate homes

The Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), Arc. Ahmed Dangiwa, recently in Abuja, presented cheques for loans totaling N640million to 640 officers of the Federal Road Safety Commission (FRSC) for the purpose of renovating their homes.

Arc. Dangiwa disclosed that N1.8bn was approved to 196 officers of the FRSC nationwide to purchase homes as well.

ADVERTISEMENT

He explained that the new disbursement marked a total N1.2bn given to 1,207 beneficiaries in the FRSC across the country.

Dangiwa said the mortgage loan was to assist the officers to purchase their personal houses as well renovate existing homes.

ADVERTISEMENT

Dangiwa noted that all Nigerians could benefit from the scheme so far as they contributed to the National Housing Fund (NHF).

In his remarks, FRSC Corps Marshal, Dr. Boboye Oyeyemi, said upon assumption of office, he vowed to ensure all staff of the FRSC had their personal homes.

Section 14 (2) of the NHF Act Cap N.45 of 1992 stipulates that a contributor to the fund can access a loan from the fund for the purpose of building, purchasing or renovating of existing homes.


Share this article

BREAKTHROUGH NATURAL CURE FOR PROSTATE ISSUES IN JUST 15 DAYS!!! You Can Prevent PROSTATE CANCER!!!

Your PROSTATE ENLARGEMENT Is REVERSIBLE!!! Don't Let It Threaten You!

To SHRINK And NORMALIZE Your PROSTATE Within 15 Days Without Surgery Or Chemical Drugs, Click Here!!!

Join us on


Send DTM to 4900 (MTN) or DTM to 655 (Etisalat) for regular updates and more

Share your story with us: 08189301900 (Whatsapp and SMS only) Email: dtonline@dailytrust.com Or use this form

Complain about a story or Report an error and/or correction: +2348189301900

DISCLAIMER: Comments on this thread are that of the maker and they do not necessarily reflect the organizations stand or views on issues.