The Federal Mortgage Bank of Nigeria (FMBN) has disbursed over N7 billion in mortgage and housing development support to officers and men of the Nigeria Police Force (NPF), as part of efforts to improve access to affordable housing for personnel.
Managing Director and Chief Executive of FMBN, Shehu Usman Osidi, disclosed this during a courtesy visit to the Inspector-General of Police, Kayode Adeolu Egbetokun, on Tuesday, January 27, 2026, at the Force Headquarters in Abuja. He said both institutions reaffirmed their commitment to strengthening collaboration on housing delivery for police officers nationwide.
Osidi, who was accompanied by the Executive Director, Loans and Mortgage Services, Hon. Dr. Muhammad Sani Abdu, and other top management staff, described the Nigeria Police Force as one of the Bank’s most strategic institutional partners under the National Housing Fund (NHF) Scheme.
He revealed that FMBN has advanced about N3.3 billion in NHF mortgage loans to 944 police personnel for the purchase of homes in estates across Abuja, Lagos, Kaduna, Katsina, Enugu, Benin, Yola, and other locations nationwide.
Beyond individual mortgages, Osidi said the Bank approved N4.74 billion in Cooperative Housing Development Loans to the Nigeria Police Multipurpose Cooperative Society, with over N2.5 billion already disbursed.
According to him, the funds are being used for the development of 606 housing units in estates located in Abuja, Kaduna, Nasarawa, Ogun, Abia, and Adamawa states, providing a structured route to homeownership for officers through cooperative arrangements.
Osidi further disclosed that 804 police officers have benefited from Home Renovation Loans valued at N752.6 million, which were used to improve existing homes. He added that 25,167 retired police personnel have also received NHF refunds totaling N533.3 million.
He commended the leadership of the Nigeria Police Force for its cooperation in addressing discrepancies in NHF contribution records, noting that accurate records are essential for officers to access their housing benefits.
According to Osidi, a total of 139,000 contribution records have already been updated, a move he said would ensure seamless access to housing benefits for serving and retired personnel.
“We remain firmly committed to sustaining and deepening this mutually beneficial relationship with the Nigeria Police Force,” Osidi said. He noted that the partnership is focused on delivering practical and affordable housing solutions that directly improve the welfare of officers and their families.
In his response, Inspector-General of Police, Kayode Adeolu Egbetokun, appreciated the FMBN management for its sustained housing interventions for police personnel. He assured the Bank of his support for initiatives aimed at improving the welfare of officers and men of the Force, noting that welfare and security are closely linked.
