The Federal Mortgage Bank of Nigeria (FMBN) has released about N5.4 billion to some cooperative societies to build 664 housing units.
The Managing Director of the bank, Mr Ahmed Dangiwa made this known at the 4th Annual Conference of Federal Civil Service Staff of Nigeria Cooperatives (FEDCOOP) in Abuja.
Dangiwa, represented by the bank’s Deputy General Manager, Usman Osidi said the fund was being used to finance nine different housing projects.
He explained that the housing projects include the 101 housing units by Connect Coop Investment, 220 units of Nigeria Police Cooperative Society, 81 houses of FUTA cooperative society and Omowumi Ilorin Cooperative society among others.
He said the projects, scattered across the country, were near to completion.
The managing director retraited that FMBN was committed support co-operative societies in building houses.