News
Mortgage Bank Increases Housing Loan To N50m

The Federal Mortgage Bank of Nigeria, FMBN, has announced an increase in the National Housing Fund mortgage loan limit from N15 million to N50 million per applicant.
Chairman of the Board of Directors of FMBN, Mr Ayodeji Gbeleyi disclosed this during the commissioning ceremony of Staff Lagos State Development and Property Corporation Staff millennium Mission Planning and Control Station Ltd Estate at Emuren axis in Sagamu area of the State.
Gbeleyi said the decision was made in response to requests by the higher income-earning segment of NHF subscribers.
According to him, the increase in the mortgage loan limit demonstrates the FMBN’s commitment to delivering affordable housing to Nigerian workers, especially those in the public and private sectors who are contributors to the NHF Scheme managed by the bank.
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His words: “The scheme, established in 1992, enables workers to contribute 2.5% of their monthly income and access loans to cater for their housing finance needs, such as outright purchase, self-construction, home renovation, and rent-to-ownership.
“More recently, the Board of Directors approved an increase in the NHF mortgage loan limit from N15 million to N50million per applicant in response to requests by the higher income earning segment of NHF subscribers.
“The maximum loan limit, however, is subject to affordability based on the monthly development, I want to assure you of the monthly income of an applicant. Notwithstanding,”
On his part, the Managing Director/Chief Executive of FMBN, Madu Hamman, said the 72-unit project was fully funded by FMBN and is in fulfillment of the commitment to the homeownership dreams of Nigerian workers who are contributors to the National Housing Fund (NHF) Scheme.
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He added that the FMBN Cooperative Housing Development Loan Scheme (CHD) funds housing constructions for housing cooperative societies and also funds the acquisition of the houses developed for cooperative members through regular Individual NHF loans.
Also speaking, the Elemuren of Emuren, Oba Adesegun Abolaji, eulogized FMBN and LSDPC for the establishment of the housing estate, which is noted as a great development of Emuren land.
Oba Abolaji promised the community will provide security of lives and properties and 50 more acres of land to support their efforts in bridging the housing gap in the country.
The monarch said: “There are so many things we lack here. Now that you have exposed us to the outer world. We need good roads. As I have said before, we will provide 50 more acres of land, so that the housing project will continue. Housing will not be a problem for anybody.
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“This estate is a beautiful one but I will urge the government to provide us with social amenities, especially good roads. The road is in bad condition. We have everything except good roads.”
Governor Babjide Sanwo-Olu of Lagos State, who was represented by the Permanent Secretary on housing, Kamar Olowoshago, commended FMBN and the Lagos State Development and Property Corporation for their commitment to the advancement of workers’ welfare and delivering the project promptly.
Sanwo-Olu also called for more collaboration with FMBN to bridge the housing deficit gap in the state.
News
YULETIDE: UBTH CMD Charges Nigerians To Be Hopeful In Coming Year

The Chief Medical Director of the University of Benin Teaching Hospital (UBTH), Prof. Idia Ize-Iyamu has urged Nigerians to remain optimistic about the upcoming year, despite current challenges.
Prof. Ize-Iyamu expressed optimism that the coming year would bring improvements for everyone.
The CMD made these remarks during the Nine Lessons and Carol night /End of Year Party organized by UBTH for staff and students held in Benin.
Prof. Ize-Iyamu encouraged everyone to place their trust solely in Christ to overcome the numerous challenges facing the country.
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She expressed her gratitude to the hospital community for their support during her first four months in office.
Prof. Ize-Iyamu assured them that the coming years hold many opportunities and that hope in Christ would transform lives daily, just as Christ’s birth brings joy and is the reason for the season.
She also extended her appreciation to everyone in the spirit of the season.
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“I want to appreciate everyone in the spirit of the season. Our commitment to excellence and professionalism remains at UBTH.
“UBTH CARES and just like Christ cares. As we celebrate Christ and the season. Let’s hope on him. When you have Christ, you have hope.We are hopeful that the coming year will be better as a people and institution,” Ize-Iyamu said.
The ceremony’s highlight featured a visit to the hospital wards where the CMD distributed gifts to patients and newborns, with management, staff, and students in attendance.
News
Christmas: Edo Deputy Gov Preaches Unity, Hope

The Deputy Governor of Edo State, Hon. Dennis Idahosa has called on residents of the state to embrace unity, love, and renewed hope as Christians celebrate Christmas.
In a statement by his Chief Press Secretary, Mr Friday Aghedo, Idahosa emphasised that Christmas represents values that unite people, regardless of tribe, religion, or politics, promoting compassion, generosity, and peace.
He described the birth of Jesus Christ as a timeless reminder of the values of peace, sacrifice, and compassion, which he said are critical to societal growth and harmonious coexistence.
He urged Edo people to take advantage of the festive season to strengthen communal ties, extend goodwill to the less privileged, and recommit themselves to the collective development of the state.
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The deputy governor further said that Christmas underscores the importance of shared humanity and collective responsibility in building a prosperous society.
“Christmas is a season that reminds us of the power of hope and shared humanity.
“As a people, we must continue to stand together, support one another, and work collectively for a more prosperous Edo State,” Idahosa said.
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He reassured residents of the state of the firm commitment of the Governor Monday Okpebholo-led administration to enthrone good governance, inclusive development, and people-oriented policies aimed at improving the welfare and well-being of all Edo citizens.
Idahosa also appealed to residents to celebrate the season responsibly and sustain peace and harmony before, during, and after the festivities.
He wished Christians a joyous Christmas celebration and prayed for a peaceful, progressive, and prosperous Edo State.
News
YULETIDE: Edo Sports Commission Boss Preaches Unity, Peace

The Executive Chairman of the Edo State Sports Commission, Hon. Amadin Desmond Enabulele, has extended warm Christmas greetings to athletes, coaches, sports administrators, journalists, and the people of Edo State, urging them to uphold the enduring values of love, peace, and unity that define the festive season.
In a statement issued by his Media Officer, Edoko Wilson Edoko, Hon. Enabulele described Christmas as a period of reflection, gratitude, and renewed commitment to collective progress and shared responsibility.
“I sincerely appreciate all stakeholders in the sports sector for their cooperation, resilience, and unwavering support throughout the year. Your contributions have been instrumental to the growth and success of sports in Edo State,” he said.
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He further commended Edo athletes for their dedication and discipline, noting that their consistent performances have continued to bring pride and recognition to the state at both national and international levels.
According to him, the Commission remains committed to athletes’ welfare, grassroots sports development, and the creation of opportunities that will enable talents to flourish.
Enabulele also called on residents of the state to celebrate responsibly and show compassion to one another, particularly the less privileged, emphasizing that unity and peaceful coexistence are vital for sustainable development.
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He reaffirmed the Edo State Sports Commission’s resolve to strengthen collaboration with partners and stakeholders in the coming year, with increased focus on excellence, transparency, and inclusive sports development.
The Sports Commission boss concluded by wishing everyone a joyous Christmas celebration and a prosperous New Year filled with hope, good health, and greater achievements.
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