About Us

First Generation Mortgage Bank

Corporate Profile

First Generation Mortgage Bank Limited (FGMB) is one of the leading primary Mortgage Banks (PMB) in Nigeria engaged in Mortgage Banking, Personal Banking, Small Business Banking as well as Real Estate Structuring and Financing.

Our primary objective is to provide our numerous clients with a wide range of innovative home finance solutions, value adding products and services that will meet and surpass their financial needs.

First Generation Mortgage Bank Ltd was incorporated under the Corporate Affairs Commission on 25th October, 1992 with registration certificate No. 207155. It was licensed by the Federal Mortgage bank of Nigeria under the Mortgage Institution Decree No. 53 of 1989 constitution to carry out Mortgage Banking in Nigeria.

Our registered address and Head Office Branch is located at No.92 Emeka Anyaoku Street, Area 8, Garki, Abuja Nigeria, with three other branches in Abuja. We offer a full range of banking services including our traditional mortgage functions with the exception of direct dealership in foreign exchange.

Our Vision

To be the number ONE Mortgage Bank in Nigeria with a strong Geographical spread.

Our Mission

To better our generation through efficient housing delivery without compromising ethical Standard.

No.92 Emeka Anyaoku Street, Area 8, Garki, Abuja Nigeria.


The shares of First Generation Mortgage Bank Limited are held by diverse and well tested professional Nigerian Citizens. Our authorized share capital at present is N2,500,000,000 made up of 2,500,000,000 ordinary shares of N1 each while the paid up share capital is N2,292,002,803.

"First Generation Mortgage Bank Ltd offers residential mortgages at 12% interest rate in the Nigerian market."

The shareholders fund is over N3.5 billion (Three billion, five hundred million naira) while our total assets base is in excess of N21 billion (Twenty-One billion naira) as at 31st December, 2022.

Plans have almost been completed to increase our shareholders' funds from N3.5 billion to N7 billion.


Housing Units


PMB Interest Rate

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•Best PMB in West Africa 2019,

•Best Indigenous Mortgage Bank in Nigeria 2020

•Most Peaceful Friendly Mortgage Bank 2020

•Best Indigenous Mortgage Bank of the Year 2021

•Most Customer Friendly Bank of the Year 2021

•Most Innovative Mortgage Bank of the Year 2021

•National House Fair 2021 Award of Excellence conferred on MDCEO

•(MDCEO) 50 Most Impactful CEOs that contributed to Nigeria’s GDP growth in 2021

•NMRC refinancing to the tune of N1.4 billion 2021

•Mortgage Financier of the year 2022


2022, Asset Base.


So far, we have partnered with the following mass housing developers:

  • EFAB Properties Ltd
  • Bentell Properties Ltd
  • Living Solution Ltd
  • Net Construct Limited
  • Perfect Estate Developer Ltd
  • Moors International Company Ltd
  • First Generation Estates Limited (a sister company of our PMB).

Together with the above mentioned estate developers, we have delivered over 5,000 various types of housing units to Nigerians.

Some of these properties are located in various estates including;

  • EFAB Metropolis Karsana
  • EFAB Global Estate Mbora
  • Verizon Estate Karsana
  • Queens Estate Karsana
  • Woodhill Estate Kuje
  • EFAB Estate Life Camp
  • EFAB Mbora 5 Estate
  • EFAB Classic Estate Apo
  • EFAB Sunshine Estate Apo
  • EFAB Estate Dakwa
  • EFAB Estate Lokogoma
  • Ansphil Estate Owerri

Today we pride ourselves on our high sense of commitment in the area of provision of quality housing units for all Nigerians either through a mortgage arrangement or by outright sale/purchase.

At First Generation Mortgage Bank, we package a customized solution to your housing needs.




Young-Toby Ekechi is the Managing Director/Chief Executive Officer of First Generation Mortgage Bank Limited. He assumed duty on the 9th of April 2018 bringing to fore his wide range of experience in Banking Operations.

Until his appointment, he was the Group Head, Operations and Technology, ASO Savings and Loans PLC, also a frontline Mortgage Bank in Nigeria. He has over 18 years diverse work experience in the financial services sector. His core competences are in Project Structuring/Financing and Process/Operations Control as well as Mortgage Administration.

He holds various academic and professional qualifications which include a BSc in Economics from Abia State University, an MBA in Financial Management from Ladoke Akintola University of Technology and MSc in Financial Management from Institute Prima Bestari Malaysia. Young-Toby started his banking career in 1999 with Citibank where he held several positions during his 8 years stay. He later joined Access Bank coordinating the operations of most branches in Abuja.

In 2008, he was hired by ASO Savings and Loans PLC where he held several positions including Head Business Process Re-engineering, Head Internal Control and Compliance, Area Manager South, Regional Head South/South/East, Head Distribution- Specialized Assets Group and finally Group Head, Operations and Technology.

He has practical public sector experience as he was appointed the chairman of Ngor -Okpala Local Government Area of Imo State between August 2011 to July 2012. Young Toby is a Catholic Knight of St. John International, a renowned chorister and a lover of football. He is happily married with Children.

Jimoh Apata



Mr. Jimoh Apata has over 30yrs professional experience which spans through Commercial Banking, Mortgage Banking, Quantity Surveying and Real Estate Development.

He is a Fellow of various financial and surveying institutes such as; Doctoral fellow, Institute of Financial Investment Analysis South Africa, Fellow, Institute of Investment and Investment analysis Nigeria, Member, Nigeria Institute of Quantity Surveyors, Member, Quantity Surveyors Registration Board of Nigeria, Senior associate, Risk managers Association of Nigeria.

He has a Bachelor's of technology in Quantity Surveying from the Yaba College of Technology in 1990. He started his career at Jobaf construction company Nig Ltd as a Senior Qunatity Surveyor from where he became a lecturer at the Yaba College of Technology from 1992 to 1995.

He moved to First Bank of Nig Plc and was the Lagos Regional Services Manager from 1995 to 2009. After which he exited to the Federal Mortgage Bank of Nigeria (FMBN) to become a Senior Manager and Unit Head, Estate Development Loans.

He joined First Generation Mortgage Bank as the Executive Director in April 2020. He is an anointed man of God at the Redeem Christian Church of God and is happily married with children.

Jonathan Ezeh



Mr Ezeh holds an HND in accountancy from the Institute of Management and Technology Enugu and Bsc (Hons) in Applied Accountancy from Oxford Brooks University (UK). He also holds a Post Graduate Diploma in Banking & Finance from the University of Nigeria, Nsukka.

He started his banking career with Intercontinental Bank Plc where he garnered diverse experience spanning internal audit, banking operations and branch management.

He left the banking industry in July 2009 and had a brief stint with Planet Oil and Chemical Industries Limited where he held the position of Group Internal Auditor before joining First Generation Mortgage Bank in the current position.

Mr Ezeh is a Fellow of the Institute of chartered Accountants of Nigeria (FCA) and an associate member of the Chartered Institute of Bankers of Nigeria (ACIB). He is married with children.

Desmond Ojegbele



Desmond Azubuike Ojegbele is the Group Head, Mortgage Operations of First Generation Mortgage Bank Limited. He has an accumulated mortgage banking experience spanning over 15years. He holds a master's degree in business administration with option in finance.

Mr Desmond Ojegbele started his banking career with Stallion Home Savings and Loans Limited where he rose through the ranks to become the mortgage manager, Abuja branch. Mr Desmond is married with children.

Abel Eromosele



Eromosele Abel Omozokpia is an experienced mortgage and retail banker. He is an MBA holder who majored in financial management, an associate member of risk managers association of Nigerian (RIMAN), an enterprise risk management certified professional from enterprise risk management academy and a fellow of the institute of debt recovery practitioners of Nigeria.

With vast knowledge in credit and operational risk, he has held key positions and has carried out major assignments in various banks before now, including the design and implementation of enterprise risk management framework for some banks. He is presently the Group Head; Enterprise Risk Management Group of First Generation Mortgage Bank Limited and is happily married with children.

Nosakhare Ogbeifun



Nosa Paul Ogbeifun is an MBA graduate from Ambrose Alli University, Ekpoma and holds a Higher National Diploma (Marketing) from Auchi Polytechnic, both in Edo State. He is a Certified Customer Service Leader (CCSL) from the prestigious Service Quality Institute (SQI), USA. He is an Associate member of the Institute of Public Diplomacy & Management, Nigeria and the Institute for Service Excellence and Good Governance. with diverse work experience in Real Estate, Commercial and Mortgage Banking, Distribution and Logistics, Service Excellence, Leading and Empowering Teams for Service Quality, Business Management Process and Performance Management.

Nosa Ogbeifun began his banking career in 2004 with Standard Trust Bank and United Bank for Africa as a Branch Operations team member for 4years before leaving to join Eco Bank Nigeria where he had a brief stint. He joined ASO Savings and Loans Plc in 2008 as a Reports and Reconciliation officer. Due to his leadership prowess and sterling performances in excellent relationship management and service delivery, he rose through the ranks to become Head, Customer Service and also the bank wide coordinator of a 3year Service Culture Plan with the Service Quality Institute, USA, a platform through which he facilitated and anchored series of management and service related trainings across 23 branches and cash centers in Nigeria. He was also involved in manpower development programs as a facilitator at the ASO Academy.

He took up a new role as Head, Strategy and Planning in 2016 at the Institute for Service Excellence and Good Governance, a position he combined with that of its sister company - Global Analytics Consulting - as a Senior Consultant and Team Lead for the empowerment of YouWin participants in South-West Nigeria on behalf of Federal Ministry of Finance where he successfully trained and certified 154 young entrepreneurs for startups. In 2018, Metro Labourforce Cooperative Society Ltd provided a platform for Nosa Ogbeifun to function as Head of Operations and later as Manager, Member Relations, a position he managed with the responsibilities of drafting Head of Terms for all JVs, Sales and Marketing Agreement with Partnership organizations, Human resource management and effective deployment of organizational resource.

He joined First Generation Mortgage Bank as Head Customer Service in March 2020 and is currently the Group Head, Corporate Services. Nosa is a passionate teamster, lover of books and football. He is happily married with children.

Uchenna Aniamalu



Aniamalu Uchenna is currently the Head, Financial Control, in this position he oversees the Bank's budgeting and performance reporting, Financial Reporting, GL monitoring and Expenditure Control.

He is a pioneer graduate of accounting from the prestigious private institution, Madonna University, Okija, Anambra State. He holds a Master’s Degree in Business Administration from Ahmadu Bello University Zaria, Kaduna. He has over 8 Years on the field Finance and Financial Reporting Experience in the commercial banking sector with specialization in International Financial Reporting Standards (IFRS).

Prior to joining the team at First Generation Mortgage Bank, he was at one time Relationship Officer (Osogbo Branch), Team Member Budgeting & Performance Reporting, Team Member Regulatory & Financial Reporting and lastly Head, Financial Reporting all in Unity Bank Plc. During this time he attended various trainings on Banking Operations, Budgeting and Financial Reporting (With emphasis on IFRS).

He was a member of the reporting transition team of Unity Bank, the team ensured that the Bank met with the deadline for reporting transition to IFRS from NGAAP. In his position as Head, Financial Reporting he lead a team that automated the Impairment procedures for the Bank. During the years 2014 and 2015, he spearheaded the preparation of the annual audited accounts. Aniamalu Uchenna is a natural team leader and is happily married with 3 children.




Charity Nwaorah-Ezenna is a graduate of Educational Administration / Supervision BSC. Double honors from Enugu state university of Technology Enugu State.

She started her banking career as a fresh graduate with First Generation Mortgage Bank, growing from the ranks of a Teller, Mortgage officer, Audit officer and presently the Bank's Head of Operations.

She is flexible, reliable, self-motivated, responsible and a very hard-working person with over (15) years of accumulated wide knowledge in mortgage banking/operations experience. Happily married to Engr. King Ezenna and blessed with a lovely handsome Son.




Nelson Chukwunonso John is the Head, Structured Transactions and Inventory Management Group. His wealth of experience ranges from Real Estate Financing and Investment, Real Estate Structuring, Transaction Structuring, Project Management, Relationship Management, Internal Control and Audit.

Prior to joining FGMB, Nelson worked with ASO Savings and Loans Plc. While in ASO, he worked in various departments including Internal Control and Compliance Group, Real Estate and Inventory Management Group and Structured Transactions & Advisory Group.

Nelson has a Master of Science's (MSc.) degree in Project Planning and Management from University of Bradford, England and Bachelor of Science's (BSc.) degree in Economics and Development Studies from Igbinedion University Okada, Edo State, Nigeria. He also possesses a Prince2 UK (2010) Project Management Certification.

Nelson is married and blessed with children. He is also an avid lover and follower of football.

Ifeoma Malomo



Ifeoma Malomo is the Head, Human Resources/Administration. She is a certified seasoned Human Resource Professional and Trainer. She holds an MBA with specialization in Human Resources from Ahmadu Bello University Zaria, a BSC in Sociology from Nnamdi Azikiwe University, Awka, a diploma in Human Resource Management from London Business Academy. She is a Chartered Human Resources Consultant (CHRC), a Fellow of the Chartered Institute of Human Resources Management (CIHRM), an Associate Member of the Chartered Institute of Personal Management of Nigeria (ACIPM) and a Member of the Institute of Corporate Administration (MCAI). Ifeoma is currently running a Masters program in Internal Relations and Diplomacy at the University of Abuja, Nigeria.

She is a talented professional with multiple skills and experience in customer service, supply-chain management, operations, service quality, recruitment, people management, HR solutions, performance management, capacity development, to mention just a few.

Ifeoma has over 12 years’ practical experience in Human Resource Management and leadership in certain industry including Banking, Construction, Real Estate, Consulting, and Information Communication Technology (ICT). Amongst her employers were ASO Savings and Loans Plc. where she worked in various job roles for over 8 years and Interra Networks Ltd who was her last employer before joining the Bank.

Ifeoma is highly competent in building a cohesive work team having dealt closely with organizations in diverse areas of Human Capital Development with her pragmatic perspective for people solution, thus creating new routes for business success as her key passion brings about organizational transformation through a coherent workforce.

She is a charismatic individual with the tenacity to rebuild communication channels within organizations. She has a wide knowledge on issues that center on employees’ work ability and has an alluring style of dealing with people from all over the world. She is happily married with children.




Philip is the Head ICT of First Generation Mortgage Bank. He is an ICT professional, with vast experience in ICT governance & Deployment, Network Communication, Security, Technical Support, E-Commerce, and Service Delivery. He is also a Cisco and Microsoft professional with certifications in ITIL.

Furthermore, Philip holds a BSc in Computer Science from Olabisi Onabanjo University Ogun state, certificates in Internet History Technology & Security from the University of Michigan together with Cyber Security from the University of Georgia.

Philip is dedicated to providing ROI and excellent service to all stake holders




Mrs. Evelyn Nwaorah is a Member, Institute of Directors Nigeria. She has acquired over 30 years of experience in the Business Management and Development Industry.

She started off at Nwaorah Group of Companies in 1984 and was instrumental to its growth to becoming one of the biggest real estate conglomerates in Nigeria. She moved to EFAB Properties Limited in 1990 as a Senior Manager HR/Admin and rose to General Manager, Business Development, from where she became the Executive Director Corporate Services.

In 2017, she became a Senior Manager, Corporate Services at First Generation Mortgage Bank. She is the current Chairman of the Board of Directors at First Generation Mortgage Bank. Appointed in October 2018.

She is also the MD/CEO Verizon Heritage Limited and the Proprietress, EFAB International Schools Abuja which has been in existence since 2009. She is happily married with children.




Mr. Patrick Monday Eneape is an Audit professional with over twenty six years practice and experience. He is a graduate of Accounting from Benue State Polytechnic Ugbokolo, Benue State and an MBA (Finance) holder.

He is a Fellow of the Institute of Chartered Accountants of Nigeria (FCA). He also won many awards amongst which includes; Best Graduating HND Accounting Student 1990 (Benue State Polytechnic) and Akintola Williams Price in Tax and Tax Management (ICAN Final 1995).

He began his career with KPMG in 1992 and rose from Trainee Accountant to Assistant Manager before he moved in 1999 to the banking industry as an Assistant Manager at Access bank Plc where he made remarkable achievements in various departments of the bank. Mr. Eneape offered his experience to the telecoms industry by joining Airtel Nigeria then Celtel Nigeria in 2004. He was instrumental to the re-branding of Celtel to Zain and improved the Brand value through various initiatives.

Mr. Patrick Eneape set-up PFTE Professional Services Limited (Chartered Accountants and Tax Consultants) in 2009. He is a Managing Partner in the company.

His competences spans across Budgeting and Budgetary Controls, Forecasting and Estimation, Project Management, Tax Management, Planning and Organization.

He is highly resourceful. Mr. Patrick is a member Board Audit Committee of the Bank.




Obinna Kingsley Ajoku is the Company Secretary/Legal Adviser of First Generation Mortgage Bank Ltd. He graduated from Nigeria law School Lagos and obtained LLB (Hons.) from the University of Jos.

Barr. Obinna is legal practitioner with over 15 years' experience. He started his legal profession with Ijeoma Opara & Co as a Solicitor Fadila Chamber.

Due to his focus and strong desire to attain success, he left Abubakar Sodangi & Co. to join Obinna Ajoku& Co (Legal Practitioners & Notary Public) as Head of Chambers till date. He is married with children.




Sir Gabriel Anibueze Ugwuozor is an astute administrator and boasts of high level Executive Management experience. He is affiliated to various companies which includes; Gabriel Ugwuozor and Co. (Chartered Accountants), Mike Chigbo and Co. (Chartered Accountants), Rukagu Associates Consultants, Akudiewa Microfinance Bank and FGC Properties Management and Consulting Limited.

Sir Ugwuozor worked with Federal Housing Authority from 1982 to 2007. He was Head of Internal Audit for ten years, Deputy General Manager for seven years, and represented the Institution in Federal budget defense and Annual Accounts presentations. He has embarked on various consultancy jobs, working with Federal Inland Revenue on Verification of Down Stream Oil Sector.

He also consulted in the reconciliation of Virgin Nigeria Debt related issues, (IGI and A&G Insurance), Central Bank of Nigeria, Diamond/Lingo Nigeria debt reconciliation, National Pension Commission pension remittances, amongst other public and private consultations.

He is a Bsc. (Accountancy) holder from the University of Nigeria Nsukka, MBA (Accountancy) from Imo State University, Owerri, a fellow Institute of Chartered Accountants of Nigeria (FCA), and also a fellow Chartered Institute of Administrators of Nigeria (FCIA).

Sir Ugwuozor is a Catholic Night of the Order of Saint John International (KSJI) and enjoys reading, Church activities, community development and charity work. He brings his wealth of experience to the Board of the bank.




Mr. Kelechi Omeni-Nzewuihe studied Mass Communication at the Anambra State University of Science and Technology and later obtained an MBA from the Federal University of Technology Owerri and a PhD from Wharton Business School, University of Pennsylvania in America. He is an alumnus of the Lagos Business School.

His banking career started with the Diamond Bank Plc from where he joined Zenith Bank Plc, Platinum Bank and later Bank PHB where he is the Senior Vice President in charge of Northern Operations. He is married with children.




Dr. Chijioke Ekechukwu holds a Bsc in Economics, an MBA in Management, an MSC in International Finance and Doctorate (Honoris Causa) in Humanities.

He won the best graduate award in his department and the best MBA graduate award. His work career started at Cashdata Services Ltd Ikoyi, a Finance and Credit card company based in Ikoyi Lagos in 1991.

In 1996, he started his banking career with Citizens bank Ltd Lagos and worked in many other banks for 16 years, the last being Bank PHB where he was an Assistant Vice President, Public Sector and Regional Director. In 2008, he left banking to form an investment and property company, Bristol Investments Ltd, Abuja, where he is the MD/CEO.

He is a member of board of directors of First Generation Mortgage Bank Limited, one of the biggest mortgage banks in Nigeria.

He is the Chairman of Emerald Health Care Ltd, a Health Maintenance Organization(HMO), in Abuja. He is the founder and proprietor of Bristol Academy, a Nursery, Primary, Junior and Senior Secondary School in Abuja Nigeria.

He is a past captain of the tennis section of IBB International Golf and Country Club Abuja and the past President and current Assistant Governor of Rotary International, District 9125. He is a fellow of the Chartered Institute of Loan &Risk Management of Nigeria.

A fellow of the Institute of Management Consultants of Nigeria. He is a member of Nigeria Institute of Management (chartered) Chijioke Ekechukwu has attended so many courses abroad and locally. His hobby is tennis which he plays regularly. He is married with three children.




Barr. Mrs Gloria Ogechukwu Umeh holds a Bachelor of Law (LL.B) from Lagos State University and was called to Bar at the Nigerian Law school.

She is seasoned and vast in Corporate and Legal Services with many years of experience. She started her career at Julex Investment Limited in the early 90s and rose to the rank of +General Manager.

She became the Executive Director in charge of Corporate and Legal services since the Inception of Newton Park hotels Abuja in 2013. Her leadership qualities and uncommon passion to render excellent service has led and grown Newton Park Hotels to becoming one of the most prestigious hotels in the Abuja hospitality industry.

She was appointed as a Director at First Generation Mortgage Bank in October 2018 She is happily married with children.




A young corporate-business savvy millennial, Innocent holds a Bachelor’s Degree in Business Administration from Igbinedion University Okada and a Masters in Internal Business from the prestigious University of Coventry in the United Kingdom.

He started his career at the then First Generations Savings and Loans in 2008 from where he moved to Zenith Bank Plc and worked as part of the business development team.

He later moved to Bentell International Limited where his dedication and diligence rose him to the rank of an Executive Director and he has contributed to the achievements and growth of the organization over the years. He is also the Managing Director / Chief Executive Officer at Royal Castle Hotels and Investment Limited.

He was appointed as a Director at First Generation Mortgage Bank in November 2019.

Some of Our Trusted Partners

EFAB Properties
Bentell Properties
Living Solution
Net Construct Limited
Perfect Estate Developer Ltd
Moors International Company Ltd
Mall of Dubai Ltd

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