Nigeria — Federal Mortgage Bank of Nigeria & Muttaqa Rabe Darma

Nigeria — Federal Mortgage Bank of Nigeria: The bank suffered a fire at its headquarters, causing property damage but no data loss. It remains fully operational and is undergoing government-directed reforms to improve mortgage delivery.

Muttaqa Rabe Darma: As Minister of Housing and Urban Development, he inspected the site, assured the public of data safety, and announced reforms to increase mortgage access. His actions aim to maintain confidence in the bank and the government's housing agenda.

Nigeria — Federal Mortgage Bank of Nigeria: FMBN is criticized for low mortgage disbursement relative to contributions; proposed reforms may restructure its operations.

Muttaqa Rabe Darma: As Minister of Housing and Urban Development, Darma is leading the push for regulatory reforms and disclosed the collapse statistics.

Nigeria — Federal Mortgage Bank of Nigeria: Launched the NHF Diaspora Mortgage Loan, expanding its mortgage financing mandate beyond Nigeria's borders. This initiative is expected to deepen mortgage penetration and mobilize diaspora capital, strengthening FMBN's role in housing finance.

Muttaqa Rabe Darma: As Minister of Housing and Urban Development, he endorsed the initiative, emphasizing its role in strengthening ties with the diaspora and restoring confidence in housing investments.