Civil servants in the state, who bought into the Laderin
Housing Estate, can now jump up for joy as the State-owned Gateway Mortgage
Bank has finalized arrangements to start disbursing the N160 million facility
recently secured from the National Housing Fund to them.
The bank’s Managing Director, Mr. OlawaleOsisanya, who
disclosed this to Ogun Update during
a chat in Abeokuta, pointed out that the feat was achieved following Governor
IbikunleAmosun’s approval for the injection of the sum of N2.5 billion into the
bank in December 2013, adding that some private individuals, who applied for
the loan, would also benefit.
We are proud to have
the recognition and support of the Federal Mortgage Bank of Nigeria at this
point in time, as this will enable us to significantly expand our sales and
marketing efforts on NHF loans as well as other mortgage products. We are
indeed grateful to Governor Amosun, whose approval for the injection of N2.5
billion in 2013, made it possible for us to obtain our current status as a
state mortgage bank, Osisanya stated.
He described the development as a phenomenon that has
significantly expanded the bank’s sale s and marketing efforts as well as
accelerate its product roadmap.
According to him, the bank is expanding its operations by
opening additional branches in Mowe/Ibafo, Ijebu-Ode, Sagamu and Ago Iwoye as a
short term plan, just as it intends to upgrade its status into a national
mortgage bank and its long term plan.
On other activities of the bank, Osisanya disclosed that it
is working in collaboration with the Ogun Sate Property and Investment
Corporation (OPIC), to develop houses that would not cost more than N5 million
to cater for low income earners, revealing that similar arrangement is on-going
with the State Housing Corporation to provide houses for interested middle
staff of corporate organizations.
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