Operating a viable,
robust and dynamic secondary mortgage institution able to meet the challenges of developing the nation's mortgage industry
To supply the mortgage markets
with sustainable liquidity for the advancement of home ownership among Nigerians anchored on mortgage financing.
As spelt out in our ENABLING ACT and other related legislations, FMBN functions include to:
Federal Mortgage Bank of Nigeria (FMBN) was established in 1956, known then as the Nigerian Building Society (NBS), a joint venture of the Commonwealth Development Corporation and the Federal and Eastern Governments of Nigeria. Following the introduction of the Indigenization Policy, the Federal Government, by Indigenization Act , acquired the NBS and consequently renamed it the Federal Mortgage Bank of Nigeria (FMBN)...READ MORE