FITC, MBAN move to help mortgage banks thrive post-consolidation

Given the recent development in the Nigerian mortgage banking industry, which appears to have flagged off the attendant challenges of post-consolidation integration and value optimisation, MBAN and FITC have designed Continuous Education Programme for directors of mortgage banks in Nigeria, to equip them with applicable knowledge and skills that can help their banks thrive post-consolidation.

The workshop would, therefore, serve as an exquisite platform for directors to brainstorm and network, while reviewing ideas for better governance of mortgage banks in times like this.

The 2014 edition of MBAN/FITC Continuous Education Programme for directors of mortgage banks in Nigeria has the theme ‘Enhanced Capital of Mortgage Banks: Repositioning the Industry for Value Optimisation,’ and will hold fromJuly 1 – 2, 2014, in Lagos. The workshop is targeted at chairmen, executive and non-executive directors of mortgage banks.

The Mortgage Banking Association of Nigeria (MBAN) is the umbrella body for all mortgage banks licensed by the Central Bank of Nigeria (CBN) to engage in mortgage businesses in Nigeria. Its main focus is to ensure the access to mortgage finance for provision of affordable housing through effective advocacy for improved legal/regulatory/operating environments for home-ownership finance in Nigeria.

MBAN was incorporated on August 6, 1992, under the Companies and Allied Matters Act (CAMA) and is recognised by the CBN, Nigeria Deposit Insurance Corporation (NDIC), and capital market agencies such as Securities Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE), as the Self-Regulatory Organisation (SRO) and catalyst for development of the mortgage banking/ housing finance sector in Nigeria.

FITC is a not-for-profit professional services organisation that is limited by guarantee, based on the company’s Act of 1968, in response to the recommendations of the Pius Okigbo Committee set-up by the Federal Government of Nigeria to review the Nigerian Financial System in 1976. It is owned by Nigerian Bankers’ Committee, which comprises of the CBN, NDIC, all licensed banks and discount houses in Nigeria.