In the bid towards reducing financial crimes and fraudulent transactions in the real estate and mortgage sectors, the Institute of Mortgage Brokers and Lenders in Nigeria (IMBLN) has signed a Memorandum of Understanding (MoU) with the Economic and Financial Crimes Commission (EFCC).
The official signing of MoU held at the EFCC headquarters is in line with the Institute’s establishment Act that mandates the IMBLN to standardize professionalism, regulate ethical practices and enforce compliance within the industry.
The Institute Registrar/CEO, Dr. Jasper Adeleye said the agreement represents a critical milestone in Nigeria’s fight against finance crimes in the real estate and mortgage industries.
According to the MoU endorsed by EFCC Chairman, Olanipekun Olukoyede, the collaboration will enhance compliance with regulatory frameworks and ethical practices among industry professionals and strengthen the financial system by curbing money laundering and illicit financial flows through property transactions.
IMBLN and EFCC’s partnership will foster a more transparent, ethical, and professional industry, ultimately contributing to economic stability and growth in accordance with global best practices.
The partnership covers database development, data sharing, certification/accreditation, joint research, and training and advocacy/awareness programs.
The Institute of Mortgage Brokers and Lenders in 2024 signed a similar agreement with the Independent Corrupt Practices Commission (ICPC).
Meanwhile, the IMBLN Registrar/CEO, Dr Jasper Adeleye has been honoured with an award of recognition as an Ambassador of the EFCC by its Chairmen. Adeleye was bestowed the ambassadorial honour at the Commission’s Headquarters in Abuja for his commitment and dedication towards eradicating sharp practices in real estate and mortgage sectors across the country.
