FMBN Partners Presidential Panel To Recoup N43bn From Debtors
FMBN House. Image: Guardian NG

The Federal Mortgage Bank of Nigeria is partnering with the Special Presidential Investigation Panel for the Recovery of Pubic Property to recoup N43bn from the bank’s debtors.

According to FMBN Managing Director Ahmed Dangiwa, it wants to recoup the debts within the next 18 months.

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Dangiwa said the bank had made progress in its loan recovery drive with over N3bn in 2018 recovered.

This is in addition to the N2.4bn recorded in 2017, according to the FMBN’s boss who said this in a statement on Sunday in Abuja.