Institute Threatens To Sanction Mortgage Brokers, Lenders Operating Without License

Professionals in the mortgage and real estate sector have been urged to obtain the necessary certification and license of practice from the regulatory body or face sanctions for breaking the law.

The Registrar/Chief Executive Officer, Institute of Mortgage Brokers and Lenders of Nigeria, (IMBLN), Dr. Jasper Adeleye who made this known in a statement he signed on Tuesday in Abuja said the 2020 Act establishing the institute empowers it as the only body responsible to regulate the sector with the intention to eliminate unlicensed practitioners.