Mortgage Konsult Limited formation is precedent on the remarkable strides achieved by the real estate and mortgage department of the parent company, Pension Managers Nigeria Limited (PMNL) before the enactment of the 2004 Pension Act. The Act barred all organization engage in pension fund management or custodianship to jettison aboard every other engagement other than the core businesses of pension management, consequently, Mortgage Konsult Limited was incorporated to take over the real estate development and mortgage businesses of Pension Managers Nigeria Limited in 2008.
Prior to 2008, Pension Managers Nigeria limited has set up a real estate and mortgage department (in 1990) to explore and proffer solutions to the high mortality rate that her retired civil servants clients were encountering at the time, as a result of using up all their pension and gratuity entitlement to acquire a home; leaving little or no sustained earnings. The unit was saddled with the mandate of exploring construction and mortgage avenues that employees could own a home while working and not on retirement.
To develop as well as put in place schemes that ensures the development of more reasonably priced houses and make those houses more affordable for a broad spectrum of the Nigerian income earning classes. Also to create inter- Industry participation in mortgage funding; capable of attracting cheaper long term loan funds to mortgage institutions, resulting in more attractive mortgage terms for mortgagors.
Holds a Ph.D. in Finance from the University of Port-harcourt (2014) after obtaining an MBA in Finance from the Abubakar Tafewa Balewa University in 2001and a B.Sc. degree in Management Studies from the Usman Danfodio University, Sokoto in 1986. He worked in Afcott Nigeria PLC from 1988 to 1999 where he moved from a trainee Accountant to Assist Manager (account). He joined the Igbenedion University Okada in 2002 as Lecturer II where he rose to the post of a Senior Lecturer. He is a Fellow Of the Chattered Institute of Bankers. Aguwamba is the Executive Director Operations of the Company.
Josephine is a season administrator, she joined the Nigerian Postal Service in 1990 and rose to a senior supervisor, when she left for Serve Oil Nigerian Limited in 2007 after 17 years of service. Her experience and excellent team work capabilities as an executive director of Serve Oil has been of great resource to Serve oil performance rating amongst the Oil and pipeline servicing industry. She join the Company in 2014 as a director.
Anthony Ekong is an industry technocrat armed with a multidiscipline training exposure that cuts across Architecture, Engineering and the latest of which he bagged an upper class degree in ; Actuarial Science & Finance, from Igbenedion University Okada Edo State, 2005.
After a stint in teaching, he Started his career as an intern architect with Pendulum Junctions Ventures in 1992 and proceeded to Mund & Myke Engineering as concept developer (1994-2000) and then Pension Managers Nig Ltd where he joined as a trainee actuary in 2001 and rose to head the real estate and mortgage department of the organisation in 2007 before assuming his current role as the managing director of Mortgage Konsult Limited in 2010.
Anthony has demonstrated exceptional proficiency in the designing of financial schemes, worthy of note is the phenomenal Union Homes Savings and Loans’ Pension Linked Mortgage Scheme’s success before it was later discontinued as a result of the enactment 2004 Pension act
He holds an MBA Finance degree from the University of Nigeria Nsukka(1992). He graduated as best overall student both in his Faculty and his Department. He is a professional manager and full member of the Nigerian Institute of Management (chartered). He also belongs to the Chartered Institute of Stockbrokers.
Chukwudi Nga has taught finance in some Nigeria Universities including Abubakar Tafawa Balewa University (ATBU), Enugu State University of Science and Technology (ESTU) and Igbinedion University, Okada where he resigned as the acting Head of Department of Banking and Finance.
He has been involved in the development of Mortgage Backed Securities in the Capital Market, and property unitization schemes for cooperatives.
She is a graduate of Public Administration from the Ambrose Ali University Ekpoma (2010)with 16 years work experience serving through different capacities that has armed her witha versatility of secreterial and IT skills. This is evident in the expertise she has brought to bear on the company operating and IT infrastructure. Her working antecedents include Denserve Services (1999 – 2001), Pension Managera Nigerian Limited (2001 – 2008) and IT World (2008 – 2016) before joining Mortgage Konsult Limited.
Greg holds a Bachelor’s degree in Economics & Statistics from the University of Benin, with over 15 years working experience in Human Resources Management including planning, directing and coordinating HR activities such as Recruitment , Selection & Placement, Performance Management, Training & Development, Compensation & Reward, Organizational Development & Change Management and Industrial & Employee Relations
He is a Chartered member of the Chartered Institute of Personnel Management (ACIPM) and also holds a Master’s degree in Business Administration from the University of Calabar and his working experiences cut across various sectors; Manufacturing, Trading, Retail business, Agro Allied and Mining & Exploration. He also has penchant for consulting, training, counseling, Administration and strategic management.
Emmanuel is a forward thinking professional, an upper class graduate of Accounting, Igbenedion University Okada (2015). He is an associate member of the Association of Chartered and Certified Accountants of the UK. He has worked with a number of Firm and Institutions that includes Olatunji Asekun Chartered Accountants (2004) as an Audit trainee, Kaduna Polytechnic (2006 - 2007) as a graduate trainee, Cameo International Agency Limited (2007-2008) as Accountant and became a part of Mortgage Konsult Limited in 2008. He currently heads the Account and Cooperative unit of the Company
Abibo Bomari heads the Project Research Unit of the Company. He is a graduate of Civil Engineering (2007 Class) from the Igbenedion University Okada and a Masters in Civil Engineering and Construction management from University of Derby United Kingdom (2012). He joined the Company in 2012 as an Assistant Project Research Officer and now head.
A Marketing Communication Professional, holds a degree in Mass Communication from the Ambrose Ali University Ekpoma , a post graduate diploma in Communication management (2008). She has over 15 years’ experience in Sales, Strategic Marketing and Brand Building. She heads the Marketing and Public Relations Unit of the Company.
James is a head officer of the Cooperative Operations Supervisory Unit. He is a Certificated Computer Scientist from the Obafemi Awolowo University Ile Ife, he also holds electrical and electronics advance diploma. His working experience spans over a decade in the aviation industry. He joined the Company in 2008 as one of the pioneer officers and currently supervises on line operation of the Cooperatives.
Mortgage Konsult Limited under the management of Mr. Anthony Ekong MD/CEO of the company, and formerly the head real estate and mortgage unit of Pension Managers Nigeria Limited is at the moment pioneering an affordable housing revolution for the social income spectrum throughout the federation. A goal that has spanned over a decade and it’s advocacy has led to the establishment of key structures and parastatals by the Federal Government to drive the process.
Mortgage Konsult Limited has extensively advanced the strides achieved by PMNL regarding scheme design especially through the development of an affordable mortgage scheme for the social income bracket known as THE GROUP MORTGAGE CREDIT & INVESTMENT SCHEME (GMCIS).
The product is conceived as a Private Public Partnership initiative that targets arms of Government especially the Federal Government, Private Corporations with large employee cooperative, Pension Funds, Humanitarian funds, United Nation and International Financial Organization.
At present the Scheme adoption by the Federal Government is ongoing.
On adoption the scheme will significantly reduce the paucity of affordable shelter in the country. This phase will be followed subsequently by a relative higher income phase.
The Team of management in Pension Managers Nigerian Limited which later became Mortgage Konsult Limited developed innovative and novel mortgage schemes which culminated in the delivery of several affordable housing Projects. One of the product developed was pension Linked Mortgage Scheme (PELMS) in 1999 and proposed to Union Homes Savings and Loans Plc, which was adopted in 2002 by the organization.
The adoption led to the provision of affordable housing development and mortgages to the following employees groups under the Northern Foreshore Housing Estate located behind Chevron Oil, Lekki phase 2, Lagos.
a. Exxon Mobil Cooperative: 200 units of 4 bedroom duplex at N13.5m per unit, delivered in 2005
b. Department of Petroleum Resources (DPR) Cooperative: 120 units of 4 bedroom bungalows at N10.5m, delivered in 2007.
c. Coca Cola Staff: 90 units of 4 bedroom bungalow at N10.5m each delivered in 2007.
d. Lagos Executive Thrift &Credit Cooperative (LETCO): 130 Units of 4 bedroom bungalow at N10.5m each, delivered in 2007.
60 units of 4 bedroom duplex at N16.0m each, delivered in 2007.
It is worthy of note that all of the above development was delivered at a cost of one-halve the market cost of similar development in the area. This project is still ranked till date as the most affordable housing estate embarked upon in the area in recent times.
2. Akwa Ibom State shelter Afrique Scheme.
2000 units of varieties of Housing plans. Cost ranging fromN3m to N5m was delivered in 2007 / 2008. Using the same modality as above or in (1), for civil servant and other income groups.
3. Further to affordable housing scheme embarked upon through the instrumentality of the products developed by the real estate and mortgage department of PMNL, the department both originated and funded the development of the following project.
a. Le Meriden 5 Star Hotel Nwan-iba Akwa Ibom State
(Status Completed)
b. Ibaka City Development Akwa Ibom State. (Status suspended as a result of statutory challenges)
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