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Expert wants review of mortgage banks’ operations

Mr Kingsley Theophilus, the Chairman of African Shelter Support and Empowerment Initiative, has called for a review of the operations of mortgage banks to reposition them for greater efficiency. 215 more words


Lagos State Government To Pump N1 billion into LBIC, Mortgage Bank

The Lagos State Government under the administration of Governor Ambode pledged his commitment in building institutions and human capital development in the state.

The Lagos Building Investment Company (LBIC) has suffered financial shortage for many years but the Lagos State Government has agreed to inject the sum of N1bn into the company for it to meet the minimum capital required by the existing law to remain and float in business operation as a primary mortgage bank in the state. 254 more words