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FMBN applauds Umuahia CBN Solar City Estate

By Tony Nwankwo

The top management team of the Federal Mortgage Bank of Nigeria FMBN, that embarked on an appraisal visit to the CBN Cooperative Solar City Estate, Umuahia, has commended the effort of the initiators.

The top management team of the apex mortgage bank led by its Managing Director,  Ahmed Musa Dangiwa, an architect, visited the site as part of the effort of the bank to ensure that facilities gotten from the bank are judiciously utilised. Other members of the team were Hajia Rahimatu Aminu Aliyu, the executive director, loans and mortgage services; Alhaji Abdullahi Dankaine, the executive director, business development and treasury services, and other top management staff.

On his own part, while conducting the team round the estate, the president of  Umuahia CBN Cooperative Society, along with some of his executives, showed their immense appreciation to the visiting team for their support for the project.  He explained that the CBN Solar City Estate Umuahia, is conceived as a well serviced modern solar powered housing estate located at an emerging district behind Ojukwu Bunker which will boast of infrastructure of a very high standard. Upon completion, the estate will have tarred roads, street lights and solar facilities. There will also be shared facilities such as play grounds, amusement park, club house, creche, shopping mall, security services, water reticulation, maintenance and waste disposal facilities.

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In his own remarks, the representative of Geometrix Homes and Estates Limited, the developers, Sir Solomon Nwaoku highlighted some key selling points of the estate which include the use of solar energy to power the estate and the opportunity to own houses within the estate using the National Housing Fund NHF, loans.  This he said, was available for CBN and non CBN off-takers. He promised that his company will deliver an estate of high quality upon completion. He also said they were mindful of the time frame and will deliver the estate within the time stipulated.

The Managing Director of FMBN and his team Ahmed Musa Dangiwa, who were obviously elated,  praised the quality of work at the site and said his team was on a fact finding tour of the project being one of the key estates which the bank is financing.

He emphasised that his management ensured promptness in the release of funds for the project and was pleased with the adherence to prompt delivery.

Recall  that the visit is the first of its kind by a top level group from the FMBN to any CBN estate site in the country and has elicited positive commendations from many stakeholders in the housing sub-sector who viewed the site visit as an indication of the seriousness the new management team of FMBN attaches to timely and quality service delivery from developers that access funds from the apex mortgage bank.


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