The Federal Mortgage Bank of Nigeria (FMBN) launches a diaspora mortgage scheme in London to help Nigerians living abroad buy homes in Nigeria. The programme offers eligible applicants access to loans of up to N100 million at an interest rate of 9%.
Both outlets describe the initiative as part of the wider National Housing Fund (NHF) framework. Legit.ng frames the announcement around Nigerians abroad being invited to apply, while Vanguard reports that the scheme is specifically unveiled for the London-based diaspora community. The outlets largely align on the core terms—loan size and interest rate—and on the purpose of enabling home ownership in Nigeria.
While the reporting focus differs—one emphasizing the invitation to apply and the other emphasizing the London rollout—there is no material disagreement on the main details presented. The scheme’s eligibility requirements, application process, and timing beyond the launch announcement are not fully detailed in the provided excerpts.
