Members of the Mortgage Banking Association of Nigeria (MBAN) have applauded the robust customer complaints resolution mechanisms put in place by the Nigeria Deposit Insurance Corporation (NDIC).
The association also recommended the removal of the Land Use Act 1978 from the Constitution by the National Assembly to make for easier amendments to same as at when deemed fit; and re-iterated its call on all State governors to fast-track land title registration processes and reduces cost of perfection of titles.
In its recent communiqué after its 11th Annual Chief Executive Officers (CEOs) Retreat at the Epe Resort, Lagos, the association also praised the Consumer Protection Department of CBN to protect the general public including stakeholders and customers of mortgage banks.
They noted that if State governors to fast-track land title registration processes and reduces cost of perfection of titles, it will encourage more citizens to obtain their land documents, which would ultimately enhance the Internal Generated Revenue (IGR) profiles of the various States.
The CEOs re-affirmed that the mortgage/housing sub-sector is an energizer and major catalyst in the transformation of some hitherto regarded third world countries like Dubai, Taiwan, and Singapore to first world countries and called for the assembly of accomplished professionals in the sub-sector.