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Senate Committee commends FMBN over performance

The Senate Committee on Lands, Housing and Urban Development led by its Chairman, Senator Barnabas Gemade visited the Federal Mortgage Bank of Nigeria (FMBN) on oversight today.

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The visit, according to the legislators, was meant to appraise the activities of the Bank since their last visit over a year ago, he said

‘’we are here in conformity of our responsibility in oversight and the reason why we haven’t bombarded this organisation with visits is that for two years now we have seen a tremendous turnaround in terms of management and organization of this agency, which gives us a sense of comfort that whatever investments that government and the Nigerian people have made here, directly or indirectly is in safe hands.

‘’Be that as it may, we don’t work on assumptions, so we have to come here and see things for ourselves, and hear what management has to say about your operations over the past 12 months, so we can make a report to submit to Senate for the records ’’.

He acknowledged that the Ahmed Dangiwa led management team of FMBN is a vibrant one, and the committee members were pleased with the work that the management team has been doing.

In his remarks, the Managing Director of Federal Mortgage Bank of Nigeria, Ahmed Dangiwa, expressed his gratitude for the cooperation and support FMBN has been receiving from the Committee on Housing.

He said ‘’FMBN has never had it so good in the history of its relationship with the National Assembly especially in the recent passage of the NHF and FMBN amendment bills which were championed by this distinguished committee, because these two bills have stayed in this bank for 12 years.

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And we are happy that these bills have been passed and are now awaiting the assent of Mr President’’.

He further pleaded with the committee to fast track the legal aspects of the bill to enable a speedy transmission to the president for signing.

He added that the committee’s support for FMBN will enable the bank to be better repositioned to function effectively for the benefit of Nigerians.

Affa Dickson Acho

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