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    Our objective is to bring Nigerians Affordable Housing.

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    NMRC has =N=13.19 Billion Tier 1 Capital

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    Annual General Meeting (AGM) 2022 Documents

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    July 4, 2022

    NMRC Hosts Team from Bank of Uganda

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    June 29, 2022

    Mr. Kehinde Ogundimu appointed AUHF chairman

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    NMRC Mortgage Digest 18th Edition: December 2021

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    NMRC Mortgage Digest 18th Edition: December 2021
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    NMRC Mortgage Digest 18th Edition: December 2021
    NMRC Mortgage Digest 17th Edition: October 2021

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    NMRC Mortgage Digest 17th Edition: October 2021
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    NMRC Mortgage Digest 16th Edition: April – June 2021

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    NMRC Mortgage Digest 16th Edition: April – June 2021
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    NMRC Mortgage Digest 16th Edition: April – June 2021

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    Annual percentage rate, or APR, is a way of measuring the full…
    • May 9, 2022 7:52 pm·

    Important Mortgage Terms to Know

    NMRC’s mortgage refinancing operations have enhanced access to affordable homeownership through the…
    • April 14, 2022 1:21 pm·

    Four Tips on Determining the House You Can Afford

    A simple way to understand a mortgage is that it enables you…
    • March 30, 2022 10:41 am·

    Top Five Reasons to Get a Mortgage Loan

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Our objectives is to bring Nigerians Affordable Housing

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Corporate Governance Report

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CORPORATE GOVERNANCE REPORT

The Nigeria Mortgage Refinance Company PLC (“NMRC”) or (the “Company”) is committed to consistently maintaining the best Corporate Governance practices. The Company believes this is critical to the creation and delivery of long-term sustainable value in a manner consistent with its obligations as a responsible corporate organisation. Our company is a highly regulated one and we pride ourselves as having detailed Corporate Governance processes in place.

Compliance with International Best Practices in Corporate Governance

NMRC ensures that sound Corporate Governance practices are embedded in all areas of its operations. In this regard, the Company emphasizes strict adherence to the Central Bank of Nigeria (“CBN”) Corporate Governance Code for Mortgage Refinance Companies in Nigeria issued in October 2018, the Securities and Exchange Commission (“SEC”) Code of Corporate Governance for Public Companies, 2011, the Nigerian Code of Corporate Governance 2018, issued by the Federal Reporting Council of Nigeria (“FRCN”), the provisions of the Banks and Other Financial Institutions Act (“BOFIA”) 1991, as amended and other International Best Practices and Standards on Corporate Governance.
The Company’s operations are also guided by the CBN Regulatory and Supervisory Framework for the
establishment of a Mortgage Refinance Company.

Governance Structure

To promote effective governance of the Company, the following organizational structure is in place for the execution of NMRC’s Corporate Governance Strategy.

The Board of Directors provides oversight of the Internal Control and Risk Management policies and practices of NMRC. The Board is supported in its oversight function by the various Board Committees. The Committees’ roles and responsibilities are set out in their respective charters (the “Charters”). The Charters are reviewed and updated periodically to ensure their contents remain relevant in contemporary industry operations. The Charters also define the roles, responsibilities, scope of authority, composition and procedures for reporting to the Board.

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Nigeria Mortgage Refinance Company

Contact Details

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Lagos Office

17 Sanusi Fafunwa, Victoria Island, Lagos.
+234 908 762 8273

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Auditors

KPMG Professional Services KPMG Tower Bishop Aboyade Cole Street Victoria Island Lagos www.kpmg.com/ng

Company Secretary

Tochukwu Kelly Mogbo
17 Sanusi Fafunwa, Victoria Island, Lagos.

Registration Number

RC1123944

Corporate Office

17 Sanusi Fafunwa, Victoria Island, Lagos.

Bankers

Access Bank PLC Guaranty Trust Bank Heritage Bank Stanbic IBTC
Sterling Bank PLC Imperial Homes Mortgage Bank Trustbond Mortgage Bank
Homebase Mortgage Bank Infinity Trust Mortgage Bank Standard Chartered Bank

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BLOCKCHAIN-POWERED SYSTEM FOR RELIABLE LAND TITLING

NMRC has also tapped blockchain technology’s capacity for tamper-proof record keeping, to build a robust national asset registry system for driving real estate transactions.
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