About Us

Gateway Mortgage Bank Limited is a Primary Mortgage Bank (PMB) fully owned by the Ogun State Government. It was established and licensed by Central Bank of Nigeria (CBN) in 2005 and commenced Mortgage business in February 2006. The Bank was subsequently accredited by Federal Mortgage Bank of Nigeria (FMBN) to access National Housing Fund loan. It was established to be a major financial institution to the Government of Ogun State Government and the teeming populace of the state, providing financial service through its arrays of products which include:

  • Gateway Home Empowerment Scheme (GHOMES)
  • Gateway Land Acquisition Loan (GLAL)
  • Gateway National Housing Fund (GNHF)
  • Gateway Home Improvement Scheme (GHIS)
  • Gateway Rent Loan                            (GRL)
  • Gateway Shop Acquisition Scheme (GSAS)
  • Gateway School Improvement Scheme (GSIS)
  • Gateway General Savings (G GSA)
  • Gateway Treasure Children Savings Accounts (GTCSA)
  • Gateway Target Savings Account (GTSA)
  • Gateway Current Account (GCA)

His Excellency, Senator Ibikunle Amosun CON, FCA has returned hope to the bank by enlisting it as part of the project to be resuscitated in his mission and agenda to rebuild the state. For the bank to be able to compete favorably with other rated financial institutions in the state and Nigeria at large, His Excellency approved the injection of N2.5billion into the bank in December 2014 to obtain its current license of a State Mortgage Bank, which is a phenomenon that brought about the recent changes in the status of the bank.

As part of Strategy to revitalize the bank, he appointment a new Managing Director in person of Mr. Olawale Osisanya in the month of October 2015, to redirect the course of the bank, and to ensure its compete favorably with Mortgage bank of its nature

Gateway Mortgage Bank is currently a member of Nigeria Mortgage Refinancing Company (NMRC), an association, where Mortgage Bank Refinancing Mortgage facility with for a cheaper interest rate and for a long term.

Gateway Mortgage was able to secure a National Housing Fund (NHF) loan in the tune of N160M for the allotees of Laderin Workers Estate and also some private individuals who applied for NHF through her.

Gateway Mortgage Bank successfully changed her name from Gateway Savings and Loans Limited in the Month of May 2017. This need arises because of the misconception of the members of the public to be a microfinance bank and also the approval of CBN for PMI to be PMB.

Gateway Mortgage Bank is among the few Mortgage Banks in Nigeria that issue their customers ATM Card and also render Mobile Internet services.

Our Staffs are diligent, friendly, committed, hardworking and reliable.
Gateway Mortgage Bank is your choice Mortgage Bank and will make your home ownership dream a reality.
The Bank firmly undertakes mortgage services for Individuals, High Networks, Individual, Public & Private Companies, Government Agencies, Civil Servants, Media Practitioners.

Principal Activity

The Company is licensed by Central Bank of Nigeria to carry on mortgage business and duly accredited by Federal Mortgage Bank of Nigeria to access the National Housing Fund.

Bankers

Legal Form

The Company was incorporated at Corporate Affairs Commission, Abuja on 2nd of June, 2005 as a private limited liability company limited by shares on RC No.625383 and commenced operations in February 2006.

Share Capital

The Authorized, Share Capital of the Company is as at 31st December, 2017 is 5 billion Ordinary Shares of N1.00 kobo each and valued at =N=5,000,000,000 billion naira.

Issued and fully paid 2,790,000.000 Ordinary Shares of N1.00 Kobo each and valued at N2,790,000,000

 

Ownership Structure

As at 31st December, 2017, the Ordinary Shares of the company were held as follows:

Ogun State Government

74%

Ogun State Housing Corporation

13%

Ogun State Property Investment Corporation

13%

Head office

Address: Plots 10 & 11, Aderupoko Drive, Ibara Housing Estate, Abeokuta Ogun State.
Landmark: Opposite Ogun State Housing Corporation, Abeokuta

Ota Branch

Address: Gateway Savings and Loans House, Ogun State Housing Estate, KM 5, Idiroko road, Sango Ota. Ogun State.

Landmark: In front of Ogun State Industrial Estate, Ota, Ogun State.

Others Centers

Gateway Savings and Loans Limited has POP’s across the state and we are also present in Urban and Regional Locations across Ogun State.
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Our Vision

To be the dominant provider of retail Mortgage banking services in Nigeria

Our Mission

To provide a unique and excellent mortgage finance services to the ultimate delight of our esteem customers and nurturing their savings habit and culture through a systematically planned approach to home ownership.