Get certification or face sanctions, Institute warns mortgage, real sector operators

The Institute of Mortgage Brokers and Lenders of Nigeria (IMBLN), has warned operators in the mortgage and real estate sector to obtain the necessary certification and license of practice or risks sanctions.

IMBLN’s Registrar/Chief Executive Officer, Dr. Jasper Adeleye, who gave the warning in a statement to journalists Tuesday in Abuja, said that 2020 Act establishing the institute empowers it to regulate the sector with the intention to eliminate unlicensed practitioners.

Incorporated under the CAP 59 of 2004, and signed by the immediate past President, Muhammadu Buhari, the Act as established brings under the institute mortgage professionals, mortgage brokers, real estate brokers, mortgage agents and real estate agents under the direct regulatory oversight of the Institute of Mortgage Brokers and Lenders of Nigeria, (IMBLN).

The Institute of Mortgage Brokers and Lenders of Nigeria, (IMBLN), is a body responsible for the regulation and certification of all mortgage professionals, real estate practitioners and agents in Nigeria with the intention to eliminate fraudsters from the industry by providing Training, Certification and Licensing for practitioners of the sector.

Dr. Adeleye further called on all stakeholders to ensure compliance with the regulator of the sector or risk legal proceedings and other sanctions as stipulated in the Act (2022) as gazetted. 

The Registrar described the Institute’s mandate which includes aiding access to mortgage facilities, regulate the practices of all corporate or incorporate bodies, societies, firms, companies or persons as sacrosanct, and it will pursue with all vigour, as empowered by the law establishing it.