The Federal Mortgage Bank of Nigeria, FMBN, on Tuesday in Katsina revealed that the bank has completed the construction of twelve estates worth over N6.2 billion in the state.
Besides, it has presented a loan facility as support to thirty-seven civil servants who benefited from the sale of the government-owned housing scheme in Katsina State.
Architect Ahmed Musa Dangiwa, the Managing Director of the bank presented the cheques to the beneficiaries at a ceremony organized held by the Implementation Committee of the scheme in Katsina.
Dangiwa, in his address, said the bank facilitated the loan to make funds available for the beneficiaries to meet up the financial gap and make payment to the government to own the house disposed to them.
“This is part of the obligations of the bank to assist civil servants who are contributors to the bank to become owners of houses with relative ease”.
He, however, assured that the bank will speed up the payment process of the second batch of beneficiaries comprising of sixty-three applicants.
Alhaji Muhammad Lawal Aliyu, the state Implementation Committee Chairman commended the bank for making payments to the state government on behalf of the benefiting civil servants.
Dr Rabe Aliyu, on behalf of the benefiting civil servants, thanked the Katsina State government and the bank for disposing of the houses to them as well as making the payments on their behalf.