Institute of Mortgage Brokers Signs MoU with ICPC
By Oyewale Oyelola
The Institute of Mortgage Brokers and Lenders in Nigeria (IMBL) has signed a Memorandum of Understanding (MOU) with the Independent Corrupt Practices and Other Related Offenses Commission (ICPC) to curb corruption and sharp practices in real estate industry.
The Institute of Mortgage Brokers and ICPC signed the MoU on Monday, June 10, 2024 at the Commission Headquarters in Abuja.
The Institute saddled with responsibilities of regulating and sanitizing the Nigerian mortgage and real estate industry is partnering ICPC to tackle corrupt practices and related offenses.
The IMBL Administrative Secretary, Grace Steven in a statement issued on Wednesday, says the collaboration signifies another step in their efforts to embrace cutting-edge solutions.
The statement read in part: “IMBL and ICPC aim to streamline processes, enhance accountability, increase transparency and immutability as well as ensure data security and integrity. This partnership will contribute to building trust among stakeholders and promoting ethical practices amongst practitioners including mortgage professionals, mortgage lenders, mortgage brokers, real estate brokers, mortgage agents and real estate agents.
“As part of the MOU, IMBL will provide expertise and support to professionalising practices within the sector which will help ICPC in implementing solutions. The Institute will collaborate closely with ICPC to identify key areas to ensure reduction of corruption risks, and strengthen governance systems. Through this partnership, both bodies are committed to utilizing available resources to bring the industry to its full potential where it can contribute and ensure growth in the GDP of the Nation as is obtainable in other nations of the world.”
The Institute Registrar/CEO, Jasper Adeleye after signing of the Memorandum of Understanding said IMBL is excited to partner the anti-graft agency.
Adeleye said: “the system we are building will play a crucial role in building a more transparent and accountable practice structure where the interests of the public is protected but not at the expense of the practitioner. This collaboration reaffirms our commitment to harnessing value for the betterment of the nation.”
In his reaction, ICPC Chairman, Dr. Musa Adamu Aliyu, SAN said partnership will empower us to implement innovative solutions and enhance our efforts in combating corruption.
Aliyu Speaking through the Commission Secretary added that: “We are thrilled to join hands with IMBL. This partnership will empower us to implement innovative solutions and enhance our efforts in combating corruption. Together, we can create a system that fosters integrity and trust.”
By combining their respective expertise and resources, IMBL and ICPC are poised to revolutionize the fight against corruption in Nigeria within the mortgage and real estate sector. This groundbreaking collaboration is a testament to their shared commitment to building a corrupt-free Nigeria.