Monday, July 20, 2026

80 traders won FG’s housing estate Onitsha raffle draw: FMBN

Federal Mortgage Bank of Nigeria says 80 traders were winners in its housing estate raffle draw.

• April 20, 2023
Federal Mortgage Bank Housing Estate
Federal Mortgage Bank Housing Estate

Eighty traders at Onitsha Main Market, Anambra, on Wednesday were declared winners of the Otunkwo Cooperative Society Federal Mortgage Bank Housing Estate phase 1 project.

The raffle draw, which took place in front of the market White House, was conducted by officials of the Federal Mortgage Bank of Nigeria, represented by Ibuzo Chris, zonal manager at Enugu and Okonkwo Chigozie, from Anambra.

Others were the representatives of WEMA Bank, Ms Agbo Ngozi and the chairman of the Onitsha market, Innocent Ezeoha, who doubles as the chairman of Otunkwo Cooperative Society.

Addressing the gathering before the draw, the market chairman stated that the exercise would give traders the opportunity to own houses, expressing satisfaction that the project is extended to all residents, not just civil servants.

The event coordinator, Akunwata Modebe, said it was believed to be civil servants’ project, adding that all could be beneficiaries.

“Basically, two things happened here today: one is the launch and selection for the Otu Nkowo Cooperative Society Housing Estate. The Otu Nkowo Cooperative Society is an association for members of the Main Market in Onitsha,” stated Mr Modebe.

He added, “The raffle draw is the second thing that happened here today because there are many members in the market. You need a raffle draw so that you can carefully and, by transparency, select the off-takers so that there will be no rancour.”

Mr Modebe also noted that there would be “no rancour on how they are selected as you can see, everything is done in front of everybody.”

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Plateau State governor, Caleb Mutfwang

States

Mutfwang hails Tinubu for approving dualisation of Plateau-Taraba road

Mr Mutfwang particularly thanked Mr Yilwatda for his strategic engagement and commitment to the development of Plateau State at all times.

Peter Obi

NationWide

Obi thanks God @65, donates ₦10 million to rural hospital in Anambra community

Mr Obi expressed gratitude to God and renewed commitment to the service of humanity.

Triumphant Spain

Heading 3

Spain lift 2026 World Cup after beating Messi’s Argentina

The defeat meant that Lionel Messi and his Argentine teammates failed to become the first team to win back-to-back World Cup titles in 64 years.

Map of Kano State

States

Fire service rescues man trapped under collapsed Kano wall

The PRO said that the victim was rescued alive and conveyed to the Murtala Muhammed Specialist Hospital, Kano State.

Alake of Egbaland endorses PDP candidate Adebutu

Heading 1

Alake of Egbaland endorses PDP candidate Adebutu for 2027 Ogun governorship race

Mr Adebutu accused successive administrations of denying local governments the financial independence needed to drive development.