The Lagos State Building Investment Company, LBIC plc (Mortgage Bankers) has immediately commenced skeletal operations to ensure the safety of customers and members of the public.
The Managing Director & Chief Executive Officer, Mr Oluwatobi Lawal speaking in his office today states that the new LBIC operational guidelines are to support the efforts and proactive leadership of Governor Babajide Sanwo-Olu and the Lagos State Government in combating the spread of the coronavirus also known as COVID-19.
According to him, the Head office of the foremost Mortgage bank will open to essential banking services between the hours of 9am to 12 noon daily, while the Abesan branch will only open on Tuesdays, Thursdays and Fridays. Appealing to customers, Mr Oluwatobi Lawal said the skeletal operations is a safety measure in combating the spread of the pandemic (COVID-19)and therefore in the interest of the safety and the health of the Banks customers.
As an alternative, he explained that electronic service channels will be available 24 hours to customers to transact their businesses with the Bank. This report was made available to Ekohotblog by Kayode Jackson.
Oluwatobiloba Lawal is a highly dedicated, dynamic and visionary banking and financial expert with close to three decades experience in banking, financial management, project management and funding for both private and public sector organizations. He has handled numerous portfolios within and outside the Nigerian banking sector.
Lagos Building Investment Company PLC (LBIC) was established as a corporate entity on the 14th February 1980 with the aim of providing Mortgage Finance Facilities to allottees of the various Low- Cost Housing Schemes built by the Lagos State Government (between 1979-1983). With the promulgation of the Mortgage Institution Act No.53 of 1980, the company became a full-pledged Primary Mortgage Bank (PMB), subsequently; it extended granting of mortgages to the middle- incomes segment.
The Bank has contributed immensely to housing development in the country with the creation of over twenty-two thousand (22,000) mortgages across Lagos State.