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Tuesday, October 4, 2022

Citicode Wins Africa Housing Awards’ “2021 Mortgage Bank of the year Award’

Citycode Mortgage Bank Ltd, Lagos has emerged as the winner of Mortgage Bank of the year award in the Africa Housing Awards 2021.

The award was presented at the most prestigious awards ceremony in the Africa housing and construction industry, the 5th edition which was held at the International Conference Centre (ICC) Abuja.

Speaking after he received the award on behalf of the bank in company of some of his management staff, the Managing Director of Citycode Mortgage Bank, Mr. Ebilate Mac-Yoroki, acknowledged the contributions of other members of the Board, management, and staff of the bank, which he said culminated in the honor bestowed by the award.

He said the award is dedicated to the memories of Alhaji Lateef Kayode Jakande for his selfless service in the area of affordable housing.

According to him, the company was duly registered as a Primary Mortgage Bank and the management staff are seasoned Nigerian professionals with several years of practical experience in mortgage creations and underwriting, financial management and consulting; and real estate practice.

“The Board and the management, as well as the staff of the bank are seasoned Nigerian professionals with several years of practical experience in banking, mortgage creations and underwriting, financial management, capital market; real estate practice, who have contributed tremendously to ensure Citycode Mortgage Bank becomes qualified for
this award.

Mr. Mac-Yoroki said Citycode Mortgage Bank under the Family Homes programme signed Memorandum of Understanding to develop mortgage properties across the country adding that “at present over N10bn are being processed for different developers.”

He added that the company has executed over N160m for family homes customers

Similarly, the bank has been able to secure from Federal Mortgage Bank of Nigeria (FMBN) till date N11.9 billion for over 900 beneficiaries while N15bn is in process at different levels for over 1,000 National Housing Fund, (NHF) customers.

He stated that mortgage and other commercial loans are in excess of N5 billion as at October 2021.

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