National Assembly (Nigeria) National Assembly (Nigeria) The National Assembly of the Federal Republic of Nigeria is a bicameral legislature established under section 4 of the Nigerian Constitution. It consists of a Senate with 109 membersand a 360-memberHouse of Representatives The body, modelled after the federal Congress of the United States, is supposed to guarantee equal representation of the 36 states irrespective of size in the Senate and proportional representation of population in the House. The National Assembly, like many other organs of the Nigerian government, is based in the Federal Capital Territory, Abuja. The Senate is chaired by the President of the Nigerian
Federal Mortgage Bank of Nigeria Federal Mortgage Bank of Nigeria The Federal Mortgage Bank of Nigeria was founded by the Federal Government of Nigeria in 1977 to replace the Nigerian Building Society. Between 1978 and 1985, it was the only mortgage institution in Nigeria. According to the constitution of Nigeria, the Federal Mortgage Bank was established to meet the housing needs of all citizens of the country. It is regarded as the apex mortgage finance institution in the country and regulates the activities of primary mortgage loan originators. A direct government intervention to expand the mortgage industry in Nigeria, the bank was established by the