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LIST OF BEST MORTGAGE Bank IN NIGERIA (2019 EDITION)

Are you searching for the best mortgage bank in Nigeria?, If you want to deal with mortgage bank in Nigeria but you don’t know the best and trusted mortgage bank, In this article I will outline and explain the best mortgage bank in Nigeria. So if you are ready let go into it without wasting time.

LIST OF BEST MORTGAGE BANK IN NIGERIA

1. Federal Mortgage Bank Of Nigeria (FMBN)

Federal Mortgage Bank of Nigeria (FMBN) was known then as Nigerian Building Society (NBS) was founded in 1956, this company was a venture of the Commonwealth Development Corporation and the Federal And Eastern Government of Nigeria.


This company was own and run by Nigerian government from day one till now.

Later the company named was change to Federal Mortgage Bank of Nigeria in the year 1973, after the introduction of the indigenization Act.

This bank operate as an increasing the mobilization of long terms funds, lending volume and expansion mortgage lending services to all segment of the Nigerians.

2. FBN Mortgages

FBN Mortgages LTD is one of the leading Primary Mortgage Bank(PMB) that focus on providing the best mortgage banking services and products that typify the dominance of it’s First Bank in the financial industry.

FBN Mortgages is one of the best option for you if you want to go for mortgage loan, real estate financial, real estate development and others stuff related to Mortgage in Nigeria.

3. Platinum Mortgage Bank

Platinum Mortgage Bank is also one if the first Primary Mortgage Bank to meet CBN’s five billion recapitalization requirements thereby earning itself the status of a National Mortgage Bank in 2013.


This company is was founded Incorporated in 1992 with the Corporate Affairs Commission to provide loans and saving home ownership services, this company was given license by the Central Bank of Nigeria and the Federal Mortgage Bank of Nigeria under the CBN Decree 24 of 1991 and FMBN Decree No 53 of 1989 respectively to operate as a mortgage bank in Nigeria.

4. Abbey Mortgage Bank

Abbey mortgage bank is also one of the Primary Mortgage Bank (PMB) in Nigeria which is licensed by Central Bank of Nigeria(CBN) and Federal Mortgage Bank of Nigeria (FMBN).

This company focus on providing economical housing units for home seeker, cooperative, developer who want a well organized mortgage offer.

Abbey mortgage bank PLC is one if the best and trusted mortgage bank in Nigeria.

5. TrustBond Mortgage Bank

TrustBond Mortgage Bank is also one of the most trusted mortgage bank in Nigeria, they are 100% reliable.


This Mortgage Bank is formerly known as Intercontinental Homes before Gateway Bank was bought by Intercontinental Bank in 2005, Later in 2011 Access Bank bought Intercontinental Bank PLC, which the they are TrustBond Mortgage Bank.

6. Imperial Homes Mortgage Bank PLC

Imperial Homes Mortgage Bank PLC is also one of the licensed Mortgage Bank by the Central Bank of Nigeria to render Mortgage banking and other related services.

This company was founded in 1992 it was know then as Citizen Saving and Loan Limited but the name was changed to New Patriot Building Society Limited in 1997.

But later Guarantee Trust Bank (GTBANK) acquired the company in August 2007, and then change the company name to GTHomes Limited.


Since then this company have been providing different mortgage services for Nigerians.

I know by now you have know the best and trusted Mortgage Bank in Nigeria.

Top Ten Youngest Billionaire in Nigeria(Count Down)

In this article I’ll be showing you top 10 youngest billionaire in nigeria and short details about them.

10. Iyinoluwa Aboyeji

Aboyeji is the owner of a company called Flutterwave, Flutterwave is a provider of technology and infrastructure solution for digital payment in Africa. He is also the owner of Bookneto, Bookneto is an online learning platform in Canada innovation center. Flutterwave worth $800 million.

9. Tonye Rax Idaminabo

Tonye was a trained lawyer with LLB Degree from Glasgow Caledonia University in Scotland, he was recognize by Forbes Africa as one of the 30 Most Promising Enterpreneurs in Africa. He was the founder of African Achievers Awards, also in 2016 he establish Reputation Pool which create reputation polls and rankings.


8. Mark Essien

Mark was born in Akwa Ibom on 18th of December, 1980 He was a startup investor and software developer, he was the founder of hotel.ng, a prominent hotel booking company in Nigeria. Mark is also on Forbes list of 30 youngest enterpreneurs in Africa in the year 2015. Hotel.ng worth $4 million.

7. Tayo Oviosu


Tayo was the founder of paga, he established page in 2009. He have work with different companies before he establish is his own company, he work as a Senior Consultant at Deloitte on cases like health care, pharmacy retailer high-tech and telecom.

6. Abiola Olaniran

Olaniran study Computer Science and Mathematics at Obafemi Awolowo University, Ile Ife.
He is the founder of Gamsole, which was established in 2012, a Nigerian gaming company which is also Nigeria’s highest paid windows Game Developer.

5. Sijibomi Ogundele

Ogundele was born in Lagos Nigeria, he was a trained lawyer and he also has experience in business, strategy and investment over the last few years.
He was the founder of Sujimoto Construction Company, this construction company have assets in big cities like Lagos, Madrid, Paris, Dubai, Accra and Riyadh.

4. Jason Njoku Chukwuma

Jason was born on 11th December, 1980. Njoku he was the founder of IROKOtv. He was a startup investor, he was the founder of Spark, an investment company in Lagos based on internet start-up. Spark investments include tolet.com.ng, drink.ng hotel.ng and others. Spark worth $2 million.

3. Linda Ikeji

Linda was born on September, 1980. She start blogging and quitting as a model.



Currently she is the highest paid blogger in Nigeria.

2. Ladi Delano

At the age of 24 Ladi established his first company named Chinese Alcohol Beverage Company, Solidarnoac Asia in 2004.
Ladi is a serial entrepreneur who made millions from his company Solidarnoac Asia.
But he sold the company for $15 million. He then used his profit from the sales to establish a real estate investment company in mainland China.
In 2012 Ladi is featured on Forbes list as one of the young millionaire to watch out for Africa

1. Igho Sanomi



Igho was born in Delta State, he make his millions from telecommunication, construction, shipping, real estate and investments. He serve as the Director of Consmos oil AG. He is the chairman of Taleveras, an energy trading company.
Igho Sanomi was worth $1 billion.

Top Twenty Richest Man In Nigeria, Name, Net Worth and Industry. Count Down)

Here is the count down of top twenty [block]0[/block] in Nigeria.

20. Hakeem Belo-Osagie
Net Worth: $600 Million
Industry: Oil and Gas/Telecoms.

19. Tunde Folawiyo
Net Worth: $650 Million
Industry: Oil & Gas, Telecom.

18. Mohammed Indimi
Net Worth: $670 Million
Industry: Oil & Gas, Self-made.

17. Emmanuel Ojei
Net Worth: $1.2 Billion
Industry: Diversified.

16. Bode Akindele
Net Worth: $1.2 Billion
Industry: Diversified.

15. Dr. ABC Orjiakor
Net Worth: $1.2 Billion
Industry: Oil & Gas.

14. Igho Sanomi
Net Worth: $1.3 Billion
Industry: Oil & Gas.

13. Benedict Peters
Net Worth: $2.7 Billion
Industry: Oil & Gas.

12. Cletus M. Ibeto
Net Worth: $3.7 Billion
Industry: Diversified.

11. Prince Arthur Eze
Net Worth: $5.7 Billion (Ventures
Africa)
Industry: Oil & Gas.

10. Oba Oteduko
Net Worth: $650 Million
Industry: Diversified.

9. Jim Ovia
Net Worth: $850 Million (Forbes), $1
Billion (Ventures Africa)
Industry: Banking, Telecoms.

8. Orji Uzor Kalu
Net Worth: $1.1 Billion
Industry: Oil & Gas.

7. Tony Elumelu
Net Worth: $1.4 Billion (Forbes), $1.6
Billion (Ventures Africa)
Industry: Investments.

6. Abdulsalam Rabiu
Net Worth: $1.5 Billion
Industry: Consumer Goods.

5. Theophilus Danjuma
Net Worth: $1.7 Billion (Forbes), $1.8
Billion (Ventures Africa)
Industry: Oil & Gas.

4. Folorunsho Alakija
Net Worth: $2.1 billion
Industry: Fashion, Oil, and Printing.

3. Femi Otedola
Net Worth: $2.3 Billion
Industry: Oil & Gas.

2. Mike Adenuga
Net Worth: $10.5 Billion (Forbes), $8
Billion (Ventures Africa)
Industry: Telecoms, Oil, and Gas.

1. Aliko Dangote
Net Worth: $12.5 Billion (Forbes),
$25.7 Billion (Ventures Africa)
Industry: Cement, Sugar, Flour.

Alhaji Aliko Dangote is worth an estimated $21.6
billion. He is the richest man in Nigeria.
Aliko Dangote
is by far the richest man in Nigeria.

These are the list of richest man in Nigeria.

The True Life Story of Samuel Maduka Onyishi (MON)

The story of Samuel Maduka Onyishi. MON is the story of an African Child who did not allow his background to determine his destiny. It is the story of the dogged spirit of the African Child.
It is a story that proves and again that with determination, integrity and hard work, one can rise from the smallest of beginnings to the highest aspirations.
It is a story that illustrates that success is within the grasp of each and every one of us, and that no external condition has the power to stop us from achieving our dreams if we are determined to do so.
Take a deep breath as I take you on a dive into the untold story of Chief Samuel Maduka Onyishi. MON: The Founder of Peace Group of companies, who started his transportation business with just 2 buses in 1994, which has now grown to over 4,000 fleet of vehicles.
Samuel Maduka Onyishi was born in Nsukka, Enugu State, Nigeria in November 1963. He is the first son in a family of nine. Samuel’s father was a Bricklayer at the University of Nigeria, Nsukka.
His father slumped and died on Monday, February 28, 1977. Sam as he is fondly called, had his primary school education at the Enugu Road Primary School, Nsukka, Enugu State from 1971 -1976.
He was then admitted into Bubendorf Grammar School, Adazi, in Awka, Anambra State, but the death of the father left the mother with no option than to withdraw him from the school for financial reasons and bring him closer home.
He then continued his studies at Community Secondary School, Mbu in Isi-Uzo Local Government Area, Enugu State, barely managing to survive in school because of poverty.
Sam had only one pair of white khaki shorts and a white shirt as his school uniform as against the two recommended by the school.” At that time, he washes his school uniform on Saturdays, wear it clean to school on Monday to Wednesday and avoided morning assembly on Thursdays and Fridays because his uniform was too dirty. He used to report to school early those two days, but he would hide somewhere until the assembly was over.
He was always punished for coming late. Narrating his childhood experience, he said, “I climbed all the mango and cashew trees around our school to pluck their fruits for food and for sale, to supplement what my mother was giving me as pocket and feeding money. I climbed these trees so often that I know those trees knew me by my name.”
At the end of his Class III at Community Secondary School, Mbu, he could no longer cope with the financial demands and subsequently, had to be transferred to St. Theresa’s College, Nsukka where he felt a lot more relieved as it his home town. However as a senior student as he was in Class IV, he was expected to wear trousers to school, but he had no money to buy trousers, and so he continued wearing shorts until the second term of his final year. It was a public embarrassment!
While in secondary school, Sam had dreamt of being a Lawyer, but his poor financial background made sure that dream was never achieved as he could not continue after the secondary school. “At the time he passed out of secondary school, government was recruiting auxiliary teachers in his state. The minimum qualification was five credits in one sitting, so, he applied because he had that. Unfortunately, he didn’t get the job because he didn’t have Two Naira to bribe the messenger to allow him enter the Zonal Commissioner’s Office to collect his Appointment Letter. What pained him more was that some applicants, who did not have up to five credits at one sitting, got the job. He couldn’t explain what could have happened. That was his first encounter with what they call the ‘Nigerian Factor’. He was so fed up with education that he contemplated tearing his school certificate to pieces so as to forget all about academics. On a second thought however, he remembered the sufferings and the sacrifices his mother went through for him to go to school. He decided to handover the certificate to his mother and leave to search for what to do with his life.
His mother gave him Two Hundred Naira which was the Bride Price of one of his sisters to enable him go to Enugu and fix himself somewhere, but this failed. Back in Nsukka, he tried his hands on many things and at a time, he was a wheelbarrow-pusher and a bus conductor. Later, he went into learning a trade after which he could not still go into his business of choice because there was no money. He then went into music as a song writer and singer. His producer went into political detention before his record was released, and out of frustration, he left them. He then travelled to Kaduna State, Northern Nigeria to serve as labourer at a place called Ikara. He left his employers in 1984 because his salary wasn’t paid in full. He then returned to Nsukka, fortunately for him that was when University of Nigeria, Nsukka was paying his family the compensation for acquisition of their land.
His mother received One Thousand Two Hundred Naira as her own share and she handed over the whole money to Sam because she trusted him. With that money, he returned to Ikara and went into second hand clothe business, popularly known as Okrika Wake Up in Nigeria, from where he later moved to Kano in 1987. By 1989 he went to learn Motor Spare Parts Business for 24 days and then, set up my own, by then he had saved up to Two Hundred and Sixty Thousand Naira in my Bank Account.”
Sam was challenged to pursue university education by one of his village men who ordered him to keep quiet because, as an “ordinary West African School Certificate” holder, he wasn’t supposed to talk where graduates like him were talking.
Recounting the experience, Sam said, “This guy was my junior in Primary School, in fact, he was two years behind me; even though he was older than me, but he had become a graduate.”
“He told me in public that I should not argue with him because I was only a WAEC holder.
Can you imagine that?
That was when I told myself that I must go back to school, to acquire that University education for which I was insulted. I personally like challenges and this was just enough challenge to make me abandon my business in the North to return to Nsukka. Like I said, I like challenges because when a person delivers a punch on you, the person’s armpit is open and you can always land a shock on the person’s open armpit, although, it depends on how you position yourself to be able to land a cut on the person’s open armpit. I was a boxer in my secondary school days and I know how to give a good punch. I am always guided by this belief in confronting challenges on my way,” he said.
He got admission to do a Diploma Program at University of Nigeria, Nsukka, between 1993 – 1996 and later, a degree program from 1996 – 1999. He graduated with a Second Class Upper in Social works and Community development”
When he started his lectures as a student, he discovered that he had plenty of idle time. To fill that space, he went back to Kano and withdrew his savings of Two Hundred and Sixty Thousand Naira and used it to purchase two buses. He gave one out to another driver and managed one himself. He used the bus to convey passengers after lectures on weekdays and full time on Saturdays
His venturing into the transport business was like a movie. At the time, he was only doing it to support himself in school, but before he knew it, he had grown from the initial 2 buses to 8.
He then went into a contract with Nsukka Local Government Area to use their name. His company then was called Nsukka Mass Transit. His number of buses grew to the point that, as at the time he was graduating in 1999, he already had up to 45 buses.
He later fell out with the Local Government Authority because they violated their agreement by allowing another operator to use a similar name as his. The other Transport Line was called Nsukka Urban Mass Transit. Sam then changed the name of his Transport Line from Nsukka Mass Transit to Peace Mass Transit.
He then applied for a Private Motor Park and it was granted. That was how he owned and the first Private Mini-Bus Private Park in Nsukka, Enugu, Onitsha, Aba, Abakaliki, Owerri, Njuba, Abuja. The first entrepreneur to achieve such a feat. “Then, it was almost impossible, but God was with me.” He said.
Peace Mass Transit from that humble beginning has today, blossomed into not only the foremost Road Transport Business in Nigeria with over 4,000 buses, but also the fastest growing Mass Transit Business in West Africa.
It has grown into what is known as the Peace Group of Companies, comprising among others:
Peace Mass Transit Limited
Peace Quick Response Insurance Brokers
Peace Petroleum Limited
Peace Micro-Finance Bank
Peace Express Service Limited
Brand of vehicles
Peace Bureau de Change;
Peace Aviation Services,
PMT Beijing Trade Limited. China
Peace Ugama Printing Press
PMT Assembly Plant Limited
Peace Oil Lubricants Limited
Peace Capital Market Limited: Stock Brokers, Dealers and Investment Advisers
Maduka Commercial and Futon International Limited: Exclusive Importer of Peace Hiace
Some of the other positions Dr. Samuel Maduka Onyishi has held or is holding are:
Former Chairman Enugu State Football Association
Chairman of Rangers International Football Club.
At 54 years of age, Dr. Samuel Maduka Onyishi. MON is truly an accomplished Entrepreneur that have made his mark.
Today, the vast majority of our youths have a pessimistic outlook in life, we grow up believing our parents must provide for us, and soon we shift our focus to the government.

Source

How To Make #5M Per Deal In Real Estate Business In Nigeria

Real Estate is one of the most profitable business in Nigeria from the time past and still profitable till now. Most Nigerian top billionaires are real estate investors, the business of real estate is a money spinner to the highest level.
Real Estate has been booming in Nigeria from the time past and also currently booming. Now let take a look at real estate and see how you can invest in it..
There is something very interesting in real estate business in Nigeria is that the investment opportunity is for everyone who wish to invest in it, whether the person has hundred of thousand or million even billion you can invest any amount you have in the business and you will still make profit from the business.
Now let go deeper in the business and look at how it works..

How to be Successful in Real Estate Business in Nigeria

Profit potential

There is a lot of profit in real estate business in Nigeria, now if someone bought a plot of land in a particular area for like three hundred thousands (#300,000) after 5 years, I’d the person decide to sell it after 5 years the can be sold five million (#5,000,000 ), you will see that the profile is so much after some year, the person invest three hundred thousand and get five million in return on investment that is so huge.
Investment opportunity
Investment opportunities abounds in real estate, start real estate in Nigeria is not easy and also easy when you have the capital and the mentor you are good to go, but if you did not have the capital needed and a mentor then it will be more difficult for you, Now I will be showing you the right place to invest your money in real estate business in Nigeria with tears.

Open space leasing

This work very simple and easy way, all you have to do is to buy a land in a good and right location and lease it out for makeshift use, you can lease it to business or Church or mosque that want to develop a makeshift outlet like mechanic, car wash, so those business owner will pay your monthly or annually. From there you get your return on investment and at the same time your property (the land) will keep appreciates for future sell.

House and Office Rent

This is the act of building a house and office for rent and get paid annually, this is very common in real estate business in Nigeria. The advantage of this is that you get paid for life.

Property Development

This is the act of buying a old house but in a good location, so reconstruct it and develop it to luxury apartment or commercial structures and sell it at very high profit margin or rent it out for those who need it for special purposes.

Land Flipping

Land flipping is the act of buying a land and sell to another person for profit. This is the one of the simplest in real estate business in Nigeria and it did not require much effort, all you need is your money and honest seller, with this kind of investment you can buy a plot of land with two hundred thousand((#200,000) and sell it at five hundred thousand(#500,000) after few years.

Real Estate Agent

This is very common most people in real estate industry are into this because it is easy and also simple, you don’t need any capital or money for investment all you need is service rendering,
All you need to do go round and look for property that is let for sale or rent, then you will advertise your service and help the owner to secure a buyer that will buy the property or rent it, so after the the deal you will be paid percentage as commission base on the amount of the property that is sold out or rent out.
You can start this without any capital.

Advertising

Advertising is very important is in real estate business, advert your business for people around you if possible advert your in local media outlets like radio, television, also on social media.

In conclusion

Real Estate business in Nigeria is very profitable and the business have turn ordinary person to millionaire and also billionaires, for you to be successful in real estate business in Nigeria you must do something new that your mate or business counterpart are not doing because there is a lot of competition in real estate business in Nigeria, Advertising is also important every business advertise your business on local media outlets like radio, television, also on social media such as Facebook, Instagram, Twitter.
The location of your office is very important your office should be located in good area for better connection.

Follow these and be successful in Real Estate Business in Nigeria.

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