It was a dream come through as AG Mortgage Bank PLC on Friday, September 26, 2025 celebrated it’s 20 years of remarkable achievement in Abuja.
In an address to Directors and other stakeholders on the event, the Chairman Rev. Dr Abel Amadi said A G Mortgage Bank PLC founded in 2004 with a vision of accessible and responsible lending.
The bank has grown with a leading force in the industry.
He said, the bank’s vision is to be the leader in the mortgage sector providing liveable, reliable and affordable housing for Nigerians. With consistent innovations, the bank is making homeownership a reality for countless individuals.
Amadi said, the bank operates in a challenging environment with factors like currency devaluation and subsidy removal. The Nigerian economy has faced significant challenges including high inflation rate and currency fluctuation.
AG Mortgage Bank PLC has been a key player in the industry providing affordable mortgage options to Nigerians. The bank has distributed well over 2.8 billion naira to 97 applicants under the ministry of Finance Incorporated real estate Investment funds (M- REIF) scheme demonstrating commitment to customers and stakeholders.
Said he:”The bank has been working to strengthen its balance sheet and its balance regulation requirements. It is working hard to increase its equity capital to 10 billion naira through the right issue. The bank however could not recommend dividend payment due to capital impairment.”
“The bank expresses gratitude to its customers, realtors , financial advisers and the Assembly of God Church constituency for their continuous support and prayers.”
AG Mortgage Bank PLC 20th anniversary celebration highlights its constant commitment to empowering Nigerians through homeownership and community development initiatives like empowering society through women ( ES- TIW) projects aiming to empower 500,000 women nationwide with financial literacy, healthcare and economic empowerment.
Recognising the significant financial barriers that often prevent individuals from owing their own homes, the government established (M-REIF) as a mechanism to inject capital into the affordable housing sector, thereby stimulating development and increasing the availability of reasonably priced housing units.
Similarly, the bank’s Managing Director/Chief Executive Officer, Mr Ngozi Anyogu disclosed that despite decreasing economic environment, the AG Mortgage Bank PLC remain committed to innovation and expanding it’s reach to the teeming populace.
The achievement, in the words of Mr. Anyogu, “is a clear testament to the company’s core values: Accountability, Godliness, Integrity, Teamwork, Respect, Innovation and professionalism (AGITRIP.) It also highlights a dedication to good corporate governance and transparency that builds trust with the Nigerian public.
He stated that the bank has deepened its mortgage portfolio and has partners with Invest Africa to create 300,000 mortgages within 6 years scaling to one million customers.
He further disclosed that AG Mortgage Bank PLC aims to prioritise environment, social and governance ( ESG) considerations as demonstrated by its commitment to sustainable housing situations.
“It is introducing new mortgage products to enhance prudent reliance in the market.
On strategic plans for 2025-2030, AG Mortgage Bank PLC, according to Anyogu “Is focusing on innovative practices, strategic partnerships and measurable impact that drives meaningful change in the sector. The plan is anchored on 5 strategic pillars (“BIG BETS”), namely:
*Organisational Transformation into a Group structure along the Mortgage Banking value chain
*Sustainable Capital Base
*Business Growth
*Impact; leading green sustainable housing (the ESG effect)
*Shareholder value: delivering economic return to shareholders from the year 2026.
Anyogu expresses appreciation to stakeholders for their resilience and positive contributions, while acknowledging the importance of collaboration bank growth, “Investing in this bank means contributing to a sustainable future for Nigeria.
Said he: “To our valued customers, we thank you for over 20 years of unwavering loyalty. To our regulators, we appreciate your prudent oversight. To our esteemed shareholders, thank you for your continued confidence. To our Directors, we appreciate your guidance and strategic oversight, which have been instrumental to the growth in the Bank’s operations. And to our passionate team at AG Mortgage Bank PLC, thank you for your dedication to excellence and your belief in our shared mission. To our business partners and service providers, we thank you for your strategic partnership and hope for more mutually beneficial collaborations.” Anyogu stressed.
The anniversary dinner held at the prestigious Abuja Continental Hotel was crowned with Awards to deserving stakeholders and organisation, in recognition of their
pioneering leadership and distinguished contributions
with AG Mortgage Bank PLC.
The awardees are:
*Barr. Abuka Patrick
*Dr. Amb. Anthony Ewelike
*Ngozi Anyogu
*Rev. Dr. Effiong Isanghadeghi
*Barr. Danjuma Suleman
*Ngozi Anyogu
*Mrs Gladys Laleye
*Mrs Christiana Oluwafemi
*Mr. Christopher Eze
*Rev. Isaac Mpamugo
*El- Salem NIG LTD
*Sally Biose Properties
*Mr Duru Donald
*Mr.Omotayo Gbede
*Rev. Daniel Olugbenga Balogun
