₦airaland Forum

Fubara has been caged. And you know it. You know that all the landmines that were placed before him to make him not be interested in participating in politics are there,” he said on Arise TV.

“Fubara is neither here nor there. He has not come out publicly to say he’s no longer a member of the PDP, and that is why, in our program of activities at the convention, his picture was there, because he’s still a member of the PDP, unless he says otherwise.


If he had attended, gbege... Especially with the suspension of his Godfather Hon. Wike

Lere Olayinka, A Senior Special Assistant on Public Communications and Social Media to the FCT Minister, has reacted to the expulsion of his principals, Nyesom Wike and ex-Governor of Ekiti, Ayo Fayose, describing it as “Dirty December in November’ coming early in Ibadan...
-the punchng.com

Lere Olayinka, A Senior Special Assistant on Public Communications and Social Media to the FCT Minister, has reacted to the expulsion of his principals, Nyesom Wike and ex-Governor of Ekiti, Ayo Fayose, describing it as “Dirty December in November’ coming early in Ibadan...
-the punchng.com

PDP, PDP, PDP! You will receive responses from Wike & Fayose

How old do they say is this baby? No bi baddie bi dis? We de even pity her say na "small pikin."
Chai! Uwa di egwu!

With this pronouncement, I am convinced the The PDP is heading for decimation.

In my "humble " opinion, these "CID" tactics are wrong and illegal. They should find another way, a more effective one to carry out their duties.

Sad, sad! The appropriate authorities should be proactive and jump into action. This road should be repaired/renovated ASAP!

The audacity! The side-piece trying to take legal control of the "cashcow" of whom she is just a "side controller."

Hmm! The man has lost his "dominant control." Now he has no choice than to explain to his wife what calamity has befallen him.

Lanretoye:
It is not the best,office is not a place for pleasure and relaxation…the view of moving vehicles could be distracting,except his job is monitoring traffic on CCTV control room and in real time like oga awon lastma

You are right. There will always be a lot of distractions. An office is a place for serious work, quiet reflection, solititude and productive work. Unless it's for a traffic manager.

Beautiful scenery for visibility and relaxing, not really good for an active office worker. There will be a lot of distractions

Breaking News: Scientists still can’t explain why every Nigerian politician believes this cap unlocks leadership powers.

Someone please check if it’s Bluetooth-connected to Aso Rock! ♾️ 🇳🇬

This situation is one of the reason some husbands bar their newly wedded wives from communication with their ex-essss.

EponObi:
Valid ground for divorce.

If care is not taken, this kind of wife go throw the family into irreparable trouble. I see a woman who lack discipline and sound judgement. She's also greedy. Na her type dey hand over family property to pastors in the name of sowing seed. Too gullible. She can't be trusted. So if the husband or family needed the fund for life threatening emergency or one of the children need help urgently, na so the money go hang into the hand of the Ex? This one na end time wife.

And the husband, shey the wife resemble UBA or GTB or Trust fund wey him dey save emergency fund. Both husband and wife are gullible.

An emergency fund is meant to be fund you draw from as means of last option. You keep it safe and tight, with fool-proof systems in place.

What an interesting phenomenon. I hope they won't eventually overtake Scotland and "colonise" them as Great Britain did to Africa and Asia centuries ago.

frog12:
he dabble with politics. it destroy the family business completely.
no mess with some military thugs.

And, none of his children can continue the legacy.

Late MKO Abiola and his business ventures are not added to this list.

Nigerians can access 6% mortgage loans for 30 years – Osidi (MD - FMBN)


Shehu Usman Osidi is the Managing Director of the Federal Mortgage bank of Nigeria (FMBN). In this interview he highlights the single digit loan initiatives for low and middle income earners rolled out by the Bank. He also discusses housing initiatives that can aid in reducing the over 28 million deficits in the country.
A major challenge in the property sector today is high interest rates lending by commercial banks which has made the cost of houses out of reach for ordinary Nigerians. What is the federal government doing about this through the FMBN?
We are not a commercial bank. We are Nigeria’s foremost public sector housing finance institution, established specifically to provide affordable mortgage financing to low- and middle-income Nigerians—especially those who would otherwise be excluded from the formal mortgage market.


Unlike private mortgage banks that operate primarily for profit, FMBN was set up to deliver social impact, to make homeownership possible for the average Nigerian. We do this through the National Housing Fund (NHF) Scheme, which we manage on behalf of the Federal Government.


Every worker in the formal sector contributes 2.5% of their monthly income, and in return, they become eligible for a range of affordable housing loans at single-digit interest rates, with tenors of up to 30 years.


Another thing that sets us apart is affordability and accessibility. We offer mortgages at interest rates as low as 6% and tenors of up to 30 years, which is significantly below what commercial banks provide at over 25% percent and tenors of less than 5 years. And we require from zero to a 10% equity contribution, which lowers the entry barrier for people trying to get on the housing ladder.
FMBN is financing major projects like the Renewed Hope Cities in Karsana and Ibeju Lekki. What makes these projects different from past efforts, and how are they contributing to improved access to affordable housing for Nigerians.


These projects represent a fundamental shift in how we approach housing development in Nigeria. In the past, many housing projects, especially government-led ones suffered from poor planning, limited affordability, lack of infrastructure, or weak financing frameworks. What we’re doing under the Renewed Hope Cities and Estates model is completely different.


First, these projects are designed from the ground up to be fully integrated communities. We’re not just building houses, we’re delivering homes in livable, planned environments with essential infrastructure: roads, water, electricity, green spaces, and even provision for schools, clinics, and markets. That’s critical for dignity and sustainability. We’re providing off-taker guarantees and construction financing to developers, which de-risks the projects and ensures that delivery doesn’t stall halfway. We’ve already committed over ₦100 billion in guarantees, including ₦27 billion to support the Ibeju Lekki City, and ₦19.9 billion for the Karsana City in Abuja.


These are large-scale developments— 3,112 units in Karsana and 1,500 units in Lagos.


Third, the pricing structure is anchored on affordability. By leveraging our single-digit interest mortgage products, these Nigerians can now aspire to own decent homes with as little as 10% equity contribution and up to 30 years to repay.


You recently completed the deployment of a core banking application. What impact will it have on contributors and borrowers?

The deployment of the Core Banking Application is arguably one of the most significant institutional reforms we’ve undertaken at the FMBN in decades


Before now, the Bank operated largely manually. Loan processing was paper-based, approvals took a long time, and contributors couldn’t easily access their records. This created bottlenecks, delays, and frustration for our customers. With this new platform, we’ve changed that narrative completely.


For loan applicants and developers, the system is helping us process and disburse funds faster, with fewer errors, clearer audit trails, and stronger compliance. It also helps us manage risk more effectively, because we now have centralized data on all customer interactions, loan performance, and repayment trends


We officially went live in April 2025, and we are currently in the 6-month maintenance and optimization phase. By August, we expect to complete all onboarding, fine-tuning, and staff capacity building to fully unlock the benefits of this new system across our national branch network.


Implementing such a system is usually a herculean task. What were the key challenges, and how did you overcome them to ensure the system works optimally for contributors and applicants?

Absolutely, implementing a core banking platform, especially in a public institution with a legacy of manual operations like FMBN, is a massive undertaking. It’s not just about installing software; it’s a complete transformation of how the Bank works—from back-end operations to customer-facing services.


One of the first challenges we faced was data integrity. Many of our records were in physical form or on fragmented databases across branches. We had to go through the painstaking process of cleaning, standardizing, and migrating millions of records into the new system to ensure accuracy and reliability. That took time and careful planning.


Another hurdle was the complexity of integrating our existing services—National Housing Fund contributions, loan application tracking, mortgage disbursement, and customer support—into a seamless platform. These are unique to FMBN, and not something off-the-shelf banking software is typically designed for. So, we worked closely with our implementation partners to customize the system for our needs.


Today, we are in the 6-month maintenance and stabilization phase, which runs until the end of August 2025. This is a crucial period. We are monitoring system performance, fixing bugs, onboarding more users, and collecting feedback from our branches and customers to make continuous improvements.


What specific products does FMBN offer to help Nigerians become homeowners, especially for low- and middle-income earners, informal sector workers, and now the diaspora and non-interest banking segments?

First, we have the NHF Mortgage Loan. This is our flagship product. It enables contributors to the National Housing Fund Scheme to access up to ₦50 million to buy, build, or renovate a home at just 6% interest per annum—the most affordable rate in the country—with up to 30 years to repay, depending on the age of the borrower. The equity contribution required is just 10–30%, making it highly accessible.


Also, in the Rent-to-Own Scheme Here, we finance housing units that Nigerians can move into immediately and pay monthly rents that convert to ownership over time. It’s perfect for people who can’t make an upfront equity contribution or who want a more flexible path to homeownership.


Similarly, we have the Non-Interest Ethical Mortgage Products. We recently received approval from the Central Bank of Nigeria to launch Shari’ah-compliant housing finance products. This means Nigerians who prefer non-interest banking options—for religious or ethical reasons—will soon be able to access affordable housing finance from FMBN without compromising their values.


We are working closely with the Central Bank of Nigeria and the Nigerians in Diaspora Commission (NIDCOM) to launch a product that will allow Nigerians abroad to participate in the NHF Scheme and access FMBN mortgages. These are some of initiatives among others.


You almost doubled loan approvals in just one year, from ₦39.7 billion in 2023 to
₦71.5 billion in 2024. How is it translating to real access to housing finance for Nigerians?

Moving from ₦39.7 billion in loan approvals in 2023 to ₦71.5 billion in 2024—almost a 100% increase—didn’t happen by chance. The first enabler was process efficiency. We reviewed and simplified our internal procedures, cut down bureaucracy, and digitized significant parts of the loan approval workflow. This allowed us to reduce bottlenecks and fast-track approvals without compromising on due diligence.


Secondly, we strengthened our collaboration with state governments, developers, cooperative societies, and labor unions. Many of our approvals in 2024 were linked to well-structured projects, Renewed Hope Cities, public-private housing initiatives, and cooperative-driven schemes. These bulk arrangements allowed us to process and disburse funds at scale, reaching more people in less time.


What are your short and medium term plans?

First, we’re expanding our product base. By the end of this year, we plan to formally roll out the Diaspora NHF Mortgage Loan, in collaboration with NIDCOM and the Central Bank of Nigeria.e’re also rolling out the Non-Interest Ethical Mortgage Products, a long-awaited solution for millions of Nigerians who prefer faith-compliant financial options.


Second, we’re targeting underserved groups. We’re finalizing new housing finance products tailored to informal sector workers—artisans, traders, market women—who historically lack access to mortgage finance. We believe that homeownership should not be a privilege of the formal sector alone. Everyone deserves a chance to own a decent home.


SOURCE:
https://dailytrust.com/nigerians-can-access-6-mortgage-loans-for-30yrs-osidi/

Chukabiz:
This Union Bank sef. Titan should have just acquired the bank

Titan actually acquired Union, but retained the brand name "Union Bank". It's similar to Standard Trust's acquisition of UBA, the "UBA" brand was retained simply as a "goodwill" business strategy.

SenatorCharles1:
A 19year old won because Wike is short of supporters in that ward and he is too proud to admit it. All Wike's supporters are now on the other side and men on the other side boycotted the election

And, he has become the "a fearless" politician all Nigerian politicians fear. I wish I could save my funds with Zenith Bank, but do my withdrawals in Access Bank. Nobody dear challenge him.

Same with me. I wonder, too.
Even a 19-year-old lady won cancellorship seat. What a wonder.

This is an interesting phenomenon. A
Shes an anointed candidate.

GoodAssociate:
Baba look into this very well before abolishing it.

I think the idea is that more Deeper Life ladies are sure to marry.

Shawarmagirl:
The same way it will be revolve in Abuja when another regime takes over. All the land Wike allocated the payment and due process will be verified.

It's typical of political office holders. Once a regime ends, the next one after it obliterates the programmes, policies and gains of their predecessors. Sad decimal in our leadership style.

Dear Diaspora Nigerians,
Dear Nigerians in Nigeria,...

Your family loves you, but love is not the same as professionalism.

They may mean well, but they are not trained to:
✅ Verify land titles
✅ Check legal documents
✅ Protect your money from fraud
✅ Supervise projects with accountability

That’s why you need a professional Realtor.

Because family is for love ❤️
… but Realtors are for real estate. 🏡

Akwa Ibom revokes all land allocations since 2023

The Akwa Ibom State Government has revoked all land allocations made since Governor Umo Eno assumed office in May 2023, including government-acquired lands.
In a notice issued on Monday, the Attorney-General and Commissioner for Justice, Uko Udom, SAN, explained that the action is to enable the revalidation of all land allocations and migration to the new digital Akwa-GIS platform.
Udom said, “Notice is hereby given of the revocation of all land allocations in Akwa Ibom State made from the 29th day of May, 2023, till date, inclusive of all government-acquired land, for the purpose of revalidating allocations and interests and for migrating to the digital Akwa-GIS platform.”

He stated further that all fresh land allocations and transactions during the transition would be suspended for one month, while the Directorate of Lands would be temporarily shut.
“Over this period of transition, all fresh allocations of government land and transactions on government land stand suspended for a period month, during which period the Directorate of Lands shall be shut.”
The revalidation process shall be for a period of two months and shall be carried out by the GIS office at the Ministry of Lands and Town Planning. Any land allocation, instrument, or interest not revalidated within this period shall be deemed invalid,” the Attorney-General said

~Saheed Oyelakan #Thepunchnewspaper
(25th August 2025)

https://punchng.com/akwa-ibom-revokes-all-land-allocations-since-2023/?fbclid=IwZXh0bgNhZW0CMTEAAR50yxmZwES3xE0URYrzUCa8lHp2WWtLTelJDPrY5zw8LAG3K0sJCRvi6JISYQ_aem_93JqHVrtbZfpijVsK9fmcw

inoki247:
How Mike Adenuga dey always dey list I never still understand....


Bkuz I believe he no fit be only this Glo network wey dey torment people life they give am the money

Grace: He must have a big, big God.

Chai! The inhumane treatment of man towards his fellow beings, including both his community and close family members. This is shocking.

That's right. Rents will definitely rise. Because landlords will transfer government/local charges and taxes to their tenants.

Oops! Him no show? E bi like say him de #gheghe class de receive lectures. 😉😊😃

Everytime Yanga de sleep, trouble; many troubles go shele. There’s always fighting, drama and gossip here.

dollytino4real:
yes o because many of dem are the reasons why landlords became selfish n greedy

True! Rents are astronomically high. Most civil servants can't afford rent.

G0odharddick:
House rent about to skyrock again.

Nigeria like suffering it citizens unnecessarily

Absolutely, trust landlords to latch on by adding #insurancefee to rent payable.