Fresh efforts are underway to seek pragmatic and contemporary solutions to the challenges in the mortgage sub-sector, following plans by the operators to extend loss of job insurance scheme, which will cover mortgage default up to a year. He said that the the housing finance sub-Sector is capable of growing the Nigerian GDP by 70-80per cent of its present size. The managing director, TrustBond Mortgage Bank Plc, Mr. Adeniyi Akinlusi was elected president, while Mr. Akintayo Oloko of Safetrust Mortgage Bank Limited, vice president. Other elected officials include, Mrs. Ruby Okoro, Delta Trust Mortgage Finance Limited, Deputy President (East); Mr. Babangida Umar, Jigawa Savings & Loans Limited Deputy President (North); Mr. Richard Olubameru, Haggai Mortgage Bank Limited, Deputy President (West). Others are Mr. Remi Olatunbode, Jubilee-Life Mortgage Bank Limited, treasurer; Mr. Olabanjo Obaleye, Infinity Trust Mortgage Bank Plc,Publicity Secretary and Mrs. Olamide Ipadeola, Gateway Savings & Loans Limited, Legal Adviser.

Source: The North Africa Journal April 03, 2017 03:00 UTC