Bridging the housing gap through NHF

According to the FMBN, Nigeria’s housing gap is estimated to be in the region of 17 million units while homeownership is estimated at a low 25%. In our view, the challenges working against the development of the housing sector can be attributed to a plethora of factors ranging from low access to mortgage financing amid high cost of finance (c.22%-25%), rising costs of constructing houses attributable not only to the cost of factors of production but also regulatory costs of building or owning houses (Surveying fees, Certificate of occupancy, land settlement costs), shrinking disposable income particularly among the middle income earners.

Products

OUR PRODUCTS & SERVICES

1. Regular Savings / Target Accounts
This product is aimed majorly at encouraging gradual saving towards the purchase or acquisition of land or house.

Features
Interest on deposit while saving.
Building up equity contribution for land or house purchase.

Benefits
Encourage saving culture in customers towards their desired needs.
Can be used as collateral for loan

How
Open Target Savings Account with N2,000 and above
Start regular savings into the account

2. Current Accounts

3. Fixed Deposits (Minimum of 180-day tenor)

4. NPMB NHF Loan Account

5. NPMB Land Ownership Loan
This is designed to enable customer acquire piece of land towards actualizing their life dream. read more 

6. NPMB – NPF – FMBN – Home Renovation Loan
This Product is designed as a quick-win that allows customer access Renovation loan from Federal Mortgage Bank of Nigeria(FMBN) to improve existing properties owned by them personally or through family. read more

7. NPMB Mega Savings Account
This product is aimed at encouraging saving culture in customers towards a desired purpose with the bank.

Features
3% for any amount saved.
Minimum Savings Tenor of 6 months.
Interest will not be paid if ANY withdrawal before the 6 months.

Benefit
Encourage saving culture in customers towards their desired needs.
Captivating interest rate of 5% per annum for amount saved

How
Open MEGA SAVINGS ACCOUNT with initial deposit of 5,000.
Start saving on the account for 6 months to enjoy 3% rate

8. Financial & Mortgage Advisory Services

Click here to view available properties
                                                                     



                                                                       

National Housing Fund (NHF)

The National Housing Fund (NHF) is a scheme created by Federal Government and managed by the Federal Mortgage Bank of Nigeria. The objective of the scheme is to enable every Nigerian have access to affordable but decent homes through Primary mortgage Institutions (PMB) e.g. Nigeria Police Mortgage Bank Plc.

NPMB guarantees you a quick and stress free access to the National Housing Fund after meeting the eligibility criteria.

Features
loan amount is up to N15 million.
Interest rate currently at 6% per annum
Tenor is subject to age or length of service (within 60 years age limit)
Monthly repayment shall not exceed one – third of beneficiary’s gross monthly emolument.
Must open Current Mortgage Account
Minimum savings of 10%, 20% OR 30% of loan amount required.

Benefits:
Minimum opening balance of N50,000.00
Flexible deposit option i.e. daily, weekly, monthly, or quarterly
Free mortgage finance advisory services
Low equity contribution
Your own home before retirement
Fixed rate throughout the duration of the loan. No fluctuation in interest rate.

What to do:
Open a NPMB NHF Account
Evidence of regular flow of income to guarantee loan repayment.
Make Equity Contribution of 10%,20% or 30% depending on loan amount required.
Become a contributor to the NHF (if you are not one already) through making monthly contribution. You qualify after 6 months of REGULAR savings/remittance to FMBN

Frequently Questions and Answer on  NHF click here

Other Products

other products

We offer range of products that are designed to meet your needs.

NPMB Rent Advance
This Product is aimed at assisting both individuals and corporate bodies meet their rental obligations as and when due. It offers an opportunity to adequately spread rental payment and therefore, assist in cash flow planning.

Features:
Maximum rental amount – N1 Million
Maximum repayment tenor of One (1) year.
Provision of 12 post dated cheques for repayment
Must have operated account for a minimum of 3 months.

What to do:
Open a NPMB current Account
Have a satisfactory evidence of regular flow of income to guarantee loan repayment.
Minimum Equity contribution of 20%
Letter of introduction from employer stating present position and annual emolument
Guarantee letter from a reputable citizen

NPMB Salary Advance.
The NPMB Salary advance is aimed at providing temporary financial relief to salary earners. This enables individual salary earners to have access to as much as 70 – 80 % of their monthly income in advance subject to a maximum limit of N 200,000.00
Features:
Guarantor’s letter from the employer is required
Customer must be a confirmed staff of an organization.
Provision of post dated cheques
Maximum tenor of six months

NPMB Household Equipment Account
House hold equipment Scheme is specially designed to enable customer acquire or replace their house hold equipment, such as Generator set, Refrigerators, and other Electronic Appliances etc.

Features:
Maximum repayment tenor of 90 days.
Domiciliation of  Salary or Provision of 3 post dated cheques for repayment.

NOW ON SELLING

Click here to download list of properties on sale

Dream of owning a house a reality

Here are people who through NPMB Plc are now house owners.

  • Testimony of Beneficiaries

    Achadu D.

News Desk

Click here to read our latest update

Share Certificates

View the status of your share certificate here.

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For further clarification, enquiries and complaints, you can reach us via:-

Call: 09-2918007,
Mobile:+234 (0)7052522055, +234 (0) 803 381 4007, 09024710512

E-mail:
contact@nigeriapolicemortgagebank.com
info@nigeriapolicemortgagebank.com

Our Team

Seasoned and Experienced Board and Management Members

  • DIG UBA RINGIM (rtd)

    DIG. UBA B. RINGIM, OON, NPM, mni (rtd)
    Chairman

    DIG Uba B. Ringim is a graduate of the Ahmadu Bello University with a Bachelor’s Degree BA (Ed). He is currently the Chairman, Board of Directors, Nigeria Police Mortgage Bank Plc.
    He is a member of the National Institute for Policy and Strategic Studies (NIPSS) and had served in many Commands and Formations notably DCO, Katsina Division, Admin Officer, Kaduna State Command, 2nd in Command to DPO, Ikara Division, Kaduna State Command, Officer in Charge of general investigation, Kaduna State CID, Commandant, Police Training School, Kaduna, DPO Malumfashi Division, Katsina State Command, DPO Zuru, Kebbi State Command, DPO, Argungu, Kebbi State Command, CSP ‘A’ HQ Sokoto State Command, DPO Gusau, Zamfara State Command, ACP CID Sokoto State Command, DCP Zonal CID Zone 1 Kano, DCP FCT Command, Force Education Officer FHQ Lagos, DCP Anti-Fraud Section Force CID Lagos, DCP Police Cooperative FHQ Lagos, Commissioner of Police Borno State, AIG Force Secretary FHQ Abuja, AIG Zone 12 Bauchi, DIG ‘E’ Department (Training) FHQ, Abuja and DIG ‘A’ Department 2 1/C to IGP. He retired after meritorious service in 2010.
    DIG Ringim had attended many courses both locally and abroad and workshops during his career where he gathered wealth of experience in management and administration. Some of the courses attended include the Higher Management Course, International conference on drugs (Lyon, France); Violence free election course; Senior Executives Course, NIPSS, Jos; International conference of Chiefs of Police (Boston, USA); and International conference on democracy and global security (Istanbul, Turkey).
    He has also been on several ad-hoc duties including: Member, Presidential advisory Committee on Prerogative of Mercy (November, 2011); Member, Kaduna State Special Investigation Committee on 1992 Zangon Kataf Religious Crisis (1992); Member, Kano State Special Investigation Committee on October 1991 Religious Crisis (1991); Member, Sokoto State Robbery And Firearms Tribunal (1988); Member, Administrative Committee of Enquiry on Kafanchan/Kaduna Religious Crisis (1987).
    DIG Bala B. Ringim (Rtd) is a good manager of relationship, with visionary skills. The values he has demonstrated since he assumed office as the Chairman of the Board of NPMB Plc.
    He is married and blessed with children and loves photography and playing hockey.

    Back to Board of Directors

  • Abubakar Suleiman

    Managing Director/CEO

    Abubakar has over 28 years’ experience in both commercial and merchant banking. His experience has exposed him to various areas such as resource mobilisation and management, business development and relationship management, risk management, business turnaround, human capital management, organizational skills and strategic planning.
    He started his banking career with United Bank for Africa and subsequently worked with New Africa Merchant Bank Limited, First Atlantic Bank Plc (later FinBank Plc.) and Diamond Bank Plc.
    In the course of his career, he has participated in the privatisation exercise of the Federal Government, a number of capital and debt raising exercises for various companies and also part of team that offered financial advisory services for corporate restructuring and turnaround.
    He has also led the turnaround of quite a number of hitherto non- performing branches to sustained profitability and business growth in a short period of time.
    Abubakar has participated in the crafting, developing and successful implementation of corporate strategic plans and also project management.
    He is a graduate of Bayero University, Kano and an alumnus of the Lagos Business School.
    His hobbies are reading, walking and golfing and he is happily married with children.

     


                                  

  • Abdulrahman Ibrahim

    ABDULRAHMAN IBRAHIM   HCIB, FCIA, FCILRM, MNIM, MIoD, MFRC
    Executive Director

    Abdulrahman Ibrahim has over 20 years relevant Banking experience, Building businesses around Financial services which include Banking operations, Customer Services Management, Retail, Commercial, Public Sector and Mortgage Banking, Enterprise Risk Management (ERM), Trade and Investment, Commodity Marketing and Supply Chain Management, MSMEs and Developmental Projects. His leadership experience spans across several sectors in the Banking industry having served in various capacities at First Bank, Standard Trust Bank, Guaranty Trust Bank, Oceanic International Bank and Fidelity Bank.

    He holds a BSc in Biochemistry, Post Graduate Diploma in Management (PGDM), Master of Business Administration (MBA), Master of Banking & Finance (MBF), Master of International Affairs and Diplomacy (MIAD), Master of Information Communication Technology Law (MICTEL) and Professional Certificate in Islamic Banking and Finance (PCIBF). His professional qualifications and memberships include: Professional Certificate in Office Administration (CHCPD) UK, Professional Certificate in Advanced Human Resources (CHCPD) UK, and Professional Diploma in Education (PDE) ABU. 

    He is also a Honorary Senior Member, Chartered Institute of Bankers (HCIB);  Fellow, Chartered Institute of Administration (FCIA); Fellow, Chartered Institute of Loans and Risk Management of Nigeria (FCILRM); Member, Nigeria Institute of Management (MNIM);  Member, Institute of Directors (MIoD); Member, Financial Reporting Council of Nigeria (MFRC), Member, Institute of Financial and Investment Analysts (IFIAN).

    AbdulRahman is adept to managing teams with responsibilities for high performance and has the ability to identify, assess and tackle threats and challenges. He also demonstrates good knowledge of areas of corporate governance, strong creative problem-solving abilities, strong interpersonal and negotiation skills as well as experience in public and private sector partnership.

    He is happily married with Children.

     


                                 
  • Patrick Enyeting

    Patrick Efiong Enyeting  AICMC, MCIArB (UK)
    Company Secretary/Legal Adviser

    Patrick holds B.A degree in Communication Arts, LLB,BL and LLM.

    Before joining the bank in 2016, Patrick had held various positions in the Nigeria Police including: 2i/c Diplomatic Protection Squadron, Lagos; 2i/c Operations, Yobe State Police Command, Force Liaison Officer, Ministry of Police Affairs, Abuja, Assistant Commissioner of Police, Alternative Dispute Resolution/Human Rights. In the course of his career, he had attended various courses, seminars & conferences locally and abroad where he accumulated wealth of experience in different fields of endeavour:- Weapon Of Mass Destruction First Responder Training, Abuja; Financial Intelligence And Fraud Management Techniques; Internal Security/Low Intensity Conflict Operations Course (Armed Forces Command And Staff College, Jaji) Kaduna; Tactical Leadership & Command Course (Police Staff College) Jos; Entry Course Programme On Arbitration (International Centre For Arbitration & Mediation) Abuja; International Seminar On The Imperatives Of The Observance Of Human Rights And International Humanitarian Law Norms In Internal Security Operations, National Defence College Abuja; National Training Workshop On Inter-Agency Collaboration In Counter-Terrorism, Abuja; Accelerated Membership Programme On Arbitration, International Centre For Arbitration And Mediation, Abuja; Professional Training On Mediation & Conciliation, Nigerian Institute Of Conflict Resolution Abuja; Corporate Strategy Development For Directors, Abuja; National Summit On Justice Sector In Nigeria, Abuja; Training Workshop On Human Rights In The Prosecution Of Terrorism Offences, Abuja; 17th National Seminar On Banking And Allied Matters For Judges (National Judicial Institute) Abuja, and Symposium On Speeding Up Criminal Litigation In Nigeria, Abuja; High Level Management Course, Centre for Stability Police Unit, Vicenza, Italy; Seminar On Crime Prevention And Control For Officers From The Nigeria Police Force (Guandong Police College) China; Serious Crimes Investigation And Management Course (Canadian Police College), Canada;

    Additionally, Patrick had been a member of various ad-hoc committees namely: Committee on the Formulation of National Policy on Peace Support Operations; Federal Government Delegation to China on National Public Security Communication System, National Risk Assessment Working Group of the Presidential Committee on the Financial Action Task Force (Fatf); International Committee Against Torture; Team Leader (South West) – Electoral Offences Investigation, (2015); Inter-Ministerial Committee On African Commission On Human And Peoples’ Rights; Federal Government Delegation to 61st Ordinary Session Of The African Commission on Human and Peoples’ Right, (Kairaba Beach Hotel), Banjul, The Gambia. November; Committee on the Implementation of Administration of Criminal Justice Act and; Presidential Committee on Prison Decongestion and Reform.

    Patrick is a member of various professional bodies namely: Nigerian Bar Association; National Association of Prosecutors; Associate Member, Institute of Chartered Mediators and Conciliators, and Member, Institute of Chartered Arbitrators (UK) and Financial Reporting Council of Nigeria.

    He is happily married and blessed with children. His hobbies are reading, football and travelling.


                             Board of Directors 
                    Uba Bala Ringim DIG(rtd) OON, NPM,mni
                                  Chairman
    Abubakar Suleiman         Ibrahim Abdulrahman                          
    Managing Director/CEO     Executive Director                
    
    CP Samson Wudah (rtd) psc'+', FCAI               DIG Joseph Obiajulu Egbunike 
                 Director                                        Director
    
    ACP Iloka Innocent Nwokeduche  M(IoD), MFRC              ACP Jibril Gane
                  Director                                        Director
    
    HRH Goodluck Odimegwu Obi        Patrick Effiong Enyeting AICMC, MCIARB (UK)
      Independent Director                 Company Secretary/Head, Legal

  • Olushola Alofe


    Shola Alofe is presently the Head of Banking Operations. He holds HND in Banking and  Finance and MBA from Osun State College of Technology and Ladoke Akintola University.  Ogbomosho. He also hold MSC Finance.
    He has over 23 years of solid banking experience, having worked meritoriously in various departments of banking ranging from Operations, credit and marketing.
    He commenced his Banking Career with United Bank for Africa in 1984, where he rose to  the position of deputy manager before joining Nigeria Police Mortgage Bank Plc. in 2014


NOW SELLING AT DEI-DEI ABUJA FCT.
GET ONE THROUGH NPMB, POWERED BY FMBN-NHF SCHEME.
1. One Bedroom Terrace Bungalow (N4,100,000)
2. Two-Bedroom Terrace Bungalow (N6,800,000)
3. Three Bedroom Terrace Bungalow (N8,800,000)
4. Three Bedroom Detached Bungalow (N14,000,000)


For more info, kindly contact any of the following:
Kunle 08183396944, Debo 08032813799, Rukayya  08034860089, Ann 09099058300,            Gloria 08053519996
Email: housing@nigeriapolicemortgagebank.com