21 years of mortgage origination, audited every step.
Licensed by the Central Bank of Nigeria in December 2004, AG Mortgage Bank has grown from a single Primary Mortgage Institution into a diversified housing-finance group serving Nigerians at home and across the diaspora.
Our partners
How we emerged
From a single licence in 2004 to a national mortgage bank.
AG Mortgage Bank Plc was incorporated on 21st July, 2004 to carry on business as a Primary Mortgage Institution (PMI). It was granted a mortgage banking licence by the Central Bank of Nigeria in December, 2004 and commenced full operations by 31st January, 2005.
The company has since inception developed innovative products that have received the approval of the Central Bank of Nigeria. In addition, the company has been approved by the Central Bank of Nigeria and accredited by the Federal Mortgage Bank as a window through which customers can access the National Housing Fund.
However, during this period, there have been developments in the operating environment, which created new opportunities and challenges to the institution. There is therefore the need to broaden the focus of the company's operations in order to consolidate its standing in the mortgage finance industry.
Founding to present
The record, in order.
2004
CBN licensing
Licensed 21 July 2004 as a Primary Mortgage Bank under the Banks and Other Financial Institutions Act. License number PMB/L/004. First disbursement within 60 days of opening.
2018
ISO 9001:2015 certification
Quality-management system certified to ISO 9001:2015 standard. Re-audited annually without interruption since certification. Audit reports available on request to depositors.
2021
NHF accreditation renewal
National Housing Fund accreditation renewed under the 2019 FMBN framework. NHF volume grew 38% in the following two years. The product has been in continuous origination since 2005.
2024
MBAN good standing confirmed
Mortgage Bankers Association of Nigeria annual member-in-good-standing confirmation. No public sanctions from CBN in any supervisory cycle since 2004. Capital adequacy ratio 18.4% against a 10% minimum.
2026
₦184 billion in assets
Full-year 2025: total assets ₦184 billion. Loan book ₦121 billion across approximately 8,400 active mortgages. NPL ratio 3.9% against a sector average of 11.2%.
Recognition
Recognized across the continent.
Best Mortgage Bank of the Year
Africa House Awards
2023
For our efforts in providing affordable housing.
Africa's Mortgage Bank Excellence
All African Student Union
2023
For our visionary leadership.
Business Partner of the Year
Assetrise Ltd
2023
For our innovative home ownership financing.
Best Customer Centric Mortgage Bank of the Year
Africa House Awards
2024
For our efforts in delivering an excellent customer experience while providing affordable housing.
Gold Awards for Outstanding Business Leadership and Customer Engagement
Customer Service Standard Magazine
2024
Recognising sustained leadership in customer engagement across the mortgage banking sector.
Best Use of Social Media in the Banking Sector
Social Media Awards
2024
Recognising our educational content and community engagement.
Chairman of the Board
Governance, on the record.
Chairman
Felix Nwabuko
Chartered Accountant and multi-dimensional business leader across agriculture, manufacturing, consultancy and education, with over 26 years' experience managing large-scale industrial enterprises in Nigeria and Ghana, plus 10 years of professional practice at KPMG.
Executive Management
The team running the bank, day to day.
Executive Office
Managing Director · CEO
Ngozi Onyemuwa Anyogu
Executive Office
Executive Director · COO
Simon Ojonimi Ogwu
Finance / Investment & Risk · Strategy
Divisional Head
Dr Anderson M. Nwosu
Shared Services · Company Secretary
Divisional Head
Joan Obiageli David Madukwe
AG Support Group
National Coordinator
Chinyere-Ugo Obike
Strategy & Planning
Group Head
Gladys Laleye (Mrs.)
Finance & Investment
Group Head
Anthonia Lloyd-Okereafor (Mrs.)
Internal Control · Compliance
Group Head
Stephen Oluwasetire
Business Development
Group Head
Uju Obi
Northern Region
Regional Executive
Toluwalase Mosuro
Eastern Region
Regional Executive
Chidubem Ano
Western Region
Regional Executive
Johnson Aigbekan
AG Support Group
Team Lead
Comfort Akachi
Regulated where it matters
Regulatory standing, listed in full.
Every licence, certification, and accreditation we hold is listed here in full. No marketing claims. The binding record is the offer letter.
PMB / L / 004
Regulator · CBN
Central Bank of Nigeria
Licensed as a Primary Mortgage Bank on 21 July 2004. Primary prudential supervision sits with the CBN's Other Financial Institutions Supervision Department. On-site examination passed in every supervisory cycle since licensing, without a public sanction.
NDIC · ₦500K
Insurance · NDIC
Nigeria Deposit Insurance Corporation
Deposits insured up to ₦500,000 per depositor per institution under the NDIC Act 2023. The bank participates in the standard premium-assessed deposit insurance scheme.
ISO 9001 · 2015
Quality · ISO
ISO 9001:2015 Certified
Quality-management system certification continuously held since 2018, re-audited annually by an accredited certification body. Covers origination, servicing, and complaints handling.
NHF · FMBN
Programme · FMBN
NHF Accreditation
Accredited by the Federal Mortgage Bank of Nigeria to originate National Housing Fund mortgages. NHF origination in continuous operation since 2005. Accreditation renewed under the 2019 FMBN framework.
MBAN · RC 491203
Industry · MBAN
Mortgage Bankers Association
Member in good standing of the Mortgage Bankers Association of Nigeria since incorporation. Registered with the Corporate Affairs Commission under RC 491203. Audited financials filed each March.
Common questions
What people ask us.
Are deposits with AGMB protected?
Yes, by the Nigeria Deposit Insurance Corporation up to ₦500,000 per depositor per institution, in line with the NDIC Act 2023. The bank participates in the premium-assessed deposit insurance scheme.
Are you a publicly-listed company?
No. AGMB is a private company limited by shares. Audited financial statements are filed with the Corporate Affairs Commission and the Central Bank of Nigeria, and published on request to depositors and borrowers.
Who supervises you?
Primary prudential supervision is by the Central Bank of Nigeria's Other Financial Institutions Supervision Department. Deposit insurance and resolution sit with NDIC. AML/CFT oversight runs through the Special Control Unit Against Money Laundering of the Federal Ministry of Industry, Trade and Investment.
How are you different from a commercial bank doing mortgages?
Commercial banks fund mortgages off short-tenor deposits, which is why their rates reprice frequently and why their NHF participation is small. A PMB is funded for the term — through the Mortgage Refinance Company of Nigeria and through NHF allocations — which is why we can write 30-year fixed at 6.0% and a commercial bank cannot.
What happens to my loan if AGMB is acquired or wound up?
Mortgage contracts transfer with the loan book on resolution. The original rate and tenor are preserved. This is established CBN resolution practice and is a contractual protection in your offer letter.
Offices
Where we sit, and who you can ask for.
Two staffed offices and one partner desk — open 8.30 to 17.00 on banking days, by appointment otherwise.
Head office
Lagos — Victoria Island
AG Mortgage Bank Plc · Plot 14, Adeola Odeku Street · Victoria Island · Lagos 101241, Nigeria
+234 (0) 1 888 4400
Branch office
Abuja — Wuse II
AG Mortgage Bank Plc · House 14, Gana Street · Maitama District · Abuja 900271, Nigeria
+234 (0) 9 291 0400
Partner desk
Port Harcourt
AG Mortgage Bank Plc · c/o Rivers State Housing Authority · Plot 1, Moscow Road · Port Harcourt 500211, Nigeria
+234 (0) 84 500 220