The Minister of Housing and Urban Development, Ahmed Dangiwa, disclosed this move by the Federal Government on Monday in Abuja.
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This development was confirmed in a statement by the Chief Press Secretary to the Governor, Ibrahim Kaula, on Monday.
His emergence followed the expiration of the five-year tenure of the Ahmed Dangiwa-led Executive Management Team.
The committee also uncovered that the Central Bank of Nigeria and the Nigeria Social Insurance Trust Fund had not paid up their 30% and 20% equity capital respectively as shareholders of the bank, as spitulated by the FMBN establishment Act.
A Katsina State-based political pressure group, Katsina Youths for Sustainable Change, has dismissed claims by Governor Aminu Masari that only the duo of the Director General of Small and Medium Enterprises Development Agency of Nigeria, Dikko Radda,
The Federal Mortgage Bank of Nigeria on Wednesday disbursed the sum of N1.2 billion as Home Renovation Loan to 1, 207 personnel of the Federal Road Safety Corps across the country.
Dangiwa made the disclosure in Abuja on Saturday in a statement signed by Zubaida Umar, FMBN’s Group Head, Corporate Communications.
Ahmed Dangiwa, Managing Director of the bank, while presenting the cheques in Abuja, urged more civil servants to key into the scheme because of its low interest rates and accessibility.
Dangiwa, who spoke with State House correspondents after a closed door meeting with Vice President, Yemi Osinbajo, at the Presidential Villa, said the recapitalisation would boost service delivery.
The panel, in a statement on Wednesday, said its Chairman, Okoi Obono-Obla, made the disclosure when he visited the bank’s Managing Director, Ahmed Dangiwa, in Abuja.
The managing director said that every NHF contributed by civil servants was refundable with interest once they attained 60 years.
The Managing Director of the bank, Ahmed Dangiwa, made the appeal on Monday in Enugu during the inauguration of Jedidiah Gardens, a housing estate built by COPEN Group with support from FMBN.
A statement issued in Abuja on Tuesday by FMBN Managing Director, Ahmed Dangiwa, said the Chairman of the Committee, Senator Barnabas Gemade, made the call while on an oversight visit to the bank.