Type Public | Founded Nigeria (1994) | |
 | ||
Industry Mortgage Institution, Investment Services, Mortgage Banks In Nigeria Headquarters 11B, University Crescent, UI-Secretariat Road, Bodija, PMB 5061, Ibadan, Nigeria Key people Kabir Ayinde Tukur, Group Managing Director/Chief Executive Officer Products Mortgage (Commercial and Social)
Real Estate Development,
Housing/Estate Construction,
Investment Banking | ||
Coop Mortgage Bank (CMB) is a mortgage lending company based in Ibadan, Nigeria. It was registered and licensed by the Central Bank of Nigeria in 1993, and commenced mortgage banking operations in 1994.
CSLL currently operates business offices in Lagos, Abuja, Akure, Ilorin and Ibadan, and plan to open at least a business office in each of the 36 states in Nigeria and a representative office each in the UK, USA and South Africa. Her primary mission is to be the clear leader in the Nigerian Mortgage Institution. Her twin objectives are contributing significantly to bridging the gap in the supply of affordable and durable houses in the nation’s housing sector and the provision of appropriately structured mortgages for ease of home ownership.
COOP is the first PMI to access the National Housing Fund (NHF) and continues accessing the facility till date.The Company offers deposit accounts including current, savings and fixed deposit, and provides lending services including social & commercial mortgages and housing development loans. It was the first Primary Mortgage Institution (PMI) in Nigeria to access National Housing Fund (NHF) loans through the Federal Mortgage Bank of Nigeria.