Housing Delivery: FMBN to Consolidate Partnership with COPEN, AG Mortgage

This was the focus of a meeting held on Tuesday, March 12, 2024, between the Bank and the Management Teams of Copen Services Ltd. and AG Mortgage Bank Plc. The two groups were on a courtesy visit to solidify their existing partnership with the Bank, following the emergence of a new Managing Director and Chief Executive at FMBN.

Speaking during the visit, the Managing Director and Chief Executive of FMBN, Shehu Usman Osidi, pledged the readiness of the Bank to engage constructively with the visiting organisations for a mutually beneficial relationship. He appreciated the hand of fellowship extended to the Bank and assured them of working together to devise ways of achieving progress in the housing industry.

The Executive Directors of the Bank hailed the step taken by COPEN Services and AG Mortgage to continue the partnership with the Bank. The Executive Director, Loans and Mortgages, Dr. Muhammad Sani Abdu, highlighted the need to re-invent the housing and mortgage industry to enable the provision of qualitative housing for Nigerians, focusing on three major areas of housing delivery, namely collaboration/collective efforts, affordability, which entails creating houses that are affordable for those at the bottom of the pyramid of society; and to envision housing as a process, rather than as a product.

COPEN Services, led by its MD/CEO Rev. Dr. Ugochukwu Chime, has a long-standing partnership of 22 years with the Bank, while AG Mortgage Bank, led by Mr. Ngozi Onyemuwa Anyogu, has partnered with the Bank for 19 years, prompting the FMBN Chief to describe them as “partners in progress.

The visitors congratulated the new Management Team of FMBN and expressed their confidence in the quality of the Team to deliver on the many expectations for housing delivery. They further pledged their unalloyed support to the Bank in its efforts to deliver on its mandate.