Management – Program Manager
CitiHomes Finance Company (“CitiHomes”) is a CBN licensed financial institution set up to carry out finance company business/activities under the Revised Guidelines for Finance Companies in Nigeria (“the Revised Guidelines”), published in April 2014 by the CBN pursuant to the Central Bank of Nigeria Act of 2007 and the Banks and Other Financial Institutions Act of 2004.
CitiHomes Finance was incorporated in July 1991 as Universal Building Society in Nigeria. The company was set up as a private limited liability company under the Companies and Allied Matters Act 1990. It was granted a license in March 1992 by the Central Bank of Nigeria as a Primary Mortgage Institution and commenced operations in the same period and changed to CitiHomes Savings and Loans Limited. It was 100% owned by First Capital Trust Limited. CitiHomes Savings and Loans was subsequently acquired by Dunn Loren Merrifield Group in 2014 and upon acquisition, the name of the company was changed to CitiHomes Finance Company Limited in order to carry on the business of a Finance Company.