The Board of Directors of Federal Mortgage Bank of Nigeria (FMBN) has engaged KPMG, a leading management consulting and business improvement firm, to provide top-level corporate advisory services for the bank.
The MD/CEO of the FMBN Arc. Ahmed M. Dangiwa revealed the development during the 2019 management and board Annual Retreat, which held recently in Uyo, Akwa Ibom.
The move, according to the bank, is in line with the management’s policy of leveraging private sector expertise to strengthen its market position, optimize internal business processes, and develop innovative housing products.
Under the terms of the engagement, KPMG will work closely with FMBN to develop a 5-year strategic action plan for the bank.
This will include diagnosis of the current macro-environment, review of FMBN business operating models, market and industry positioning and a visionary roadmap for the institution’s future. The retreat, the first to include FMBN board members, featured brainstorming sessions between the FMBN team and KPMG professionals.