FMBN, Firm Unveil 28 Flat Units In Lagos

On Friday, the Federal Mortgage Bank of Nigeria (FMBN) and Cocoon Atlantic Housing Estate, a housing solution comp inaugurated a 28-unit of flats estate in Sangotedo area of Lagos State.

Madu Hamman, the Managing Director, FMBN, who spoke during inauguration said the delivery of the housing estate is part of the Federal Government’s commitment toward reducing housing deficit in Nigeria.

Ibrahim Nafada, the General Manager/Zonal Manager in charge of Lagos, FMBN, who represented Hamman said the successful delivery of the project was achieved through the bank’s Cooperative Housing Development Loan window.

According to him, the window allows contributors to the National Housing Fund (NHF) scheme through their Cooperatives to have access to affordable housi

“Today, being the 5th of May, 2023, we are here to commission Cocoon Atlantic Housing Estate, funded by the Federal Mortgage Bank of Nigeria (FMBN).

“Yesterday, which was 4th of May, we were somewhere at Sagamu, precisely Emuren Community, where we commissioned more than 70 housing units for Lagos state civil servants.

“The commissioning was graced by a lot of dignitaries from the Lagos State Government, the national level as well as some of the beneficiaries of the housing units.

“This is a mini-estate with just 28 flats with mortgage financing and eight beneficiaries.

“There is a land close to the estate that we are going to open up for second phase. It is going to have more numbers of beneficiaries.”

Also, Farouk Imam, the Managing Director, Cocoon Atlantic Housing Estate, said the inauguration is as a result of the dedication and patience from FMBN management, staff and enthusiasm from the company’s partners, Comaco Cooperatives.