Loans Plc says its new management has been able to source for credible investors and is hopeful of returning to full operations within the next few weeks. This, the firm mortgage capitals forex, followed the unification of its board and management leading to the appointment of Mr. Olayemi Rabiu as the managing director and Senator Sunday Fajinmi as the board chairman.
The company said in a statement that it had been able to secure the interest of various property developers in Lagos, Abuja and many other state capitals for mass housing developments. The firm said it was planning to reactivate its operations in the Lekki Epe Axis, create more feasibility in Oyo State and viable business operations in Abuja axis. North-East and will be willing to do more in the coming period. The board and management appreciate the understanding of various stakeholders in making the bank move forward. Let me assure all stakeholders that this bank is poised for a very prosperous future with impressive returns and credible public image. According to the firm, in order to launch itself fully into the mass housing mortgage banking, it has been able to re-establish good relations with the Federal Mortgage Bank of Nigeria and is optimistic that this would crystallise into good business with the FMBN.