LAGOS – The President, Association of Professional Bodies of Nigeria (APBN), Mr Bala Ka’Oje, on Monday urged the Central Bank of Nigeria (CBN) to release the names of approved Primary Mortgage Institutions (PMIs).
Ka’Oje made the appeal in an interview with the News Agency of Nigeria (NAN) in Lagos.
The PMIs recapitalisation process ended on April 30, 2013, the CBN has yet to release the names of approved mortgage banks that met its new capital base.
According to him, withholding the names of those that scaled through the process will only give room to rumours and speculations which is not good for the system.
“We hear of 26 mortgage banks meeting the recapitalisation requirements out of which 10 qualified for the national and 16 for the local classifications.[eap_ad_2]
“No names of the mortgage banks and no details whatsoever. This is not good at all.
According to Ka’Oje, APBN is anxious to see the CBN release the new list of PMIs so that the release of housing loans to Nigerian public can move forward.
The mortgage banks that will emerge will play at the national level with N5 billion capital base or local level with N2.5 billion capital base. (NAN)[eap_ad_3]