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FMBN: Delivering Affordable Housing Mandate - Vimarsana News

FMBN: Delivering Affordable Housing Mandate

By John Ikyaave On the 18th of April, the Executive Management Team of the Federal Mortgage Bank of Nigeria (FMBN) under the leadership of Ahmed Dangiwa clocked four years in office. Within this period and under the supervision of the Minister of Works & Housing, Babatunde Fashola, the team of experienced professionals have posted remarkable performance by pursuing bold, dynamic, and strategic Institutional reforms. From unprecedented levels of mortgage loan disbursements to stronger collaborations with industry stakeholders, innovative housing product designs, financial transparency, and bro...

Analysing Financial Accountability Trends at FMBN - Vimarsana News

Analysing Financial Accountability Trends at FMBN

By John Terhemen Ikyaave Nigeria’s Financial Regulation stipulates that government agencies must prepare and submit their annual audited accounts and management reports to the Auditor General of the Federation (AuGF) not later than 31st May, of the following year. When chief executives of public institutions prioritise accountability and transparency in the management of public assets in compliance with regulatory provisions, they do not only help to build stakeholder-wide trust, they also engender growth and spur national development. In a recent report by the former Auditor General for th...