This is a wholly owned mortgage banking subsidiary of First Bank of Nigeria Plc  the leading diversified financial services group in Nigeria with total assets of over N614 Billion (about USD 5 Billion),excluding contigents, revenues in excess of N67 billion (USD515 million) and a network of about 400 branches in 2006 and eight subsidiary companies. FBN Mortgages Limited was licensed by the Central Bank of Nigeria as a Primary Mortgage Institution (PMI) on March 2004 and commenced business in May of the same year