Mortgage Banking Association of Nigeria (MBAN) was duly incorporated in Nigeria on August 06 1992 under the Companies and Allied Matters Act (CAMA) with Incorporation No 6866.
It is the bonafide Umbrella Body for all Primary Mortgage Institutions (PMIs) duly licensed by the Central Bank of Nigeria (CBN) to engage in Mortgage Business.

Our Corporate Office/Secretariat is located in Skye Bank Building (4th Floor), 30, Marina, Lagos.
MBAN, with over 99 Member-Institutions, serves as the Voice of and Advocate for Mortgage Banking (Savings and Loans/Building Societies) Industry in Nigeria; and as a Channel for communicating the needs and problems of the Industry to the Government and its Agencies, as well as other Private Sector Organizations and Individuals.

As a core objective, MBAN also provides inputs for the formulation of National Policies on Mortgage Banking (Savings and Loans/Building Societies)) and Housing Finance by contributing to National Debates and Policy Formulation.
It also acts as Catalyst for the development of Mortgage/Housing Finance Sector in Nigeria.

The Scope of Mortgage Business as contained in the Revised Guidelines for Primary Mortgage Institutions (PMIs) issued by the Central Bank of Nigeria (CBN) includes the following:
Granting of loans or advances to any person for the building, improvement or extension of a dwelling/commercial house.

Granting loans and advances to any person for the purchase or construction of a dwelling /commercial house
Acceptance of savings and deposits from the public and payment of interest thereon;

Management of pension funds/schemes;
Offering of technical advisory services for the purchase or construction of a dwelling house;
Performing estate management duties;
Offering of project consultancy services for estate development;
Engaging in estate development through loan syndication, subject to the restriction imposed by the shareholders’ funds unimpaired by losses;
Engaging in property trading including land acquisition and disposal;
Engaging in other activities which the Bank may approve from time to time.