FCMB Partners Ogun on Mortgage Loans to Subscribers of Low-cost Schemes

FCMB Group Plc has said it is partnering with the Ogun State Government to provide subscribers of low-cost schemes with affordable mortgage loans.

A statement said FCMB, the retail and commercial banking subsidiary of the group, would disburse the loans to residents of Ogun State desiring to own their homes.

The statement added that this was disclosed during a recent visit by the management of FCMB Group, led by the Group Chief Executive, Mr Ladi Balogun, to Ogun State Governor, Dr Dapo Abiodun, in Abeokuta.

Balogun assured of the commitment of FCMB Group and its subsidiaries to supporting initiatives that would guarantee sustainable development and welfare of people, businesses and government.

“We are ready to support the state government’s development agenda to ensure improved quality of life for the people by helping them to own homes.

“FCMB will always be there to fulfil its promise of helping customers achieve their aspirations,” Balogun said.

Balogun appreciated the state’s infrastructure developmental strides, stressing that FCMB would collaborate with Ogun State to improve the quality of life of its people and businesses.

Governor Abiodun called for a more robust relationship between the state and the FCMB Group, and restated his administration’s commitment to elevating the quality of life of the people of Ogun State.

According to the governor, “In the last 30 months, we built over 1,000 homes with more required to help the state fulfil its housing goals.

“People are buying them faster than we are building them. They are either paid in full or paid in part, and those are areas that you could work with us. Ogun State Government is for progressive public-private partnership in the areas of financing, management and concession.”