RE: DISCLAIMER ON THE N40 MILLION DIASPORA MORTGAGE PRE-FINANCING (DMPF) BY HXAFRICA (HOUSING EXCHANGE AFRICA)
The Management of the Federal Mortgage Bank of Nigeria (FMBN) wishes to disclaim reports in
the media by HXAfrica (Housing Exchange Africa) on a purported N40 million mortgage pre-
financing scheme which referred to FMBN as a partner.
The FMBN wishes to inform the general public and our esteemed National Housing Fund (NHF) Scheme customers particularly Nigerians in the Diaspora that although HXAfrica applied for some
engagement with the Bank, it has not been granted any approvals nor has the Bank entered into any formal arrangement with it.
While the FMBN and NIDCOM remain committed to the roll-out of the Diaspora Mortgage Scheme after obtaining the necessary regulatory approvals, we will endeavour to provide official information and updates on our respective websites and social media handles to avoid the general public being misled.
NIDCOM has issued a similar disclaimer on the purported HXAfrica mortgage pre-financing scheme and the general public is invited to note accordingly.
[E-signed]
Virginia Jang (Mrs)
Group Head, Corporate Communications
Federal Mortgage Bank of Nigeria (FMBN)
15th November 2024
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