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Bank Overview

FirstTrust Mortgage Bank Plc is a primary mortgage bank that emerged from the merger between First Mortgages Limited and TrustBond Mortgage Bank Plc in 2019, creating a larger and stronger financial institution that is at the forefront of the Nigerian mortgage banking sector. The merged entities have a long history that dates back to 2003.

Besides a strong capital base and assets totalling over N20 billion, FirstTrust has over 100 years combined management experience in providing mortgage and real estate finance solutions.

Our mortgage products are carefully designed to serve the financial needs of Nigerians and we are positioned to facilitate the implementation of the National Housing Policy by supporting people in their struggle to gain stability through home ownership, making it possible for them to have a tangible stake in the country’s development.

Statement Of Purpose

To go beyond the regular delivery of mortgage and real estate financial services leveraging disruptive technology and our people.

Core Values







Board of Directors

Uduma Kalu


Ola Ifezulike

Non-Executive Director

Adeniyi Akinlusi

Non-Executive Director

Korede Adedayo

Managing Director/CEO

Ngozi Ogunwa

Executive Director

Management Team

Korede Adedayo

Managing Director/CEO

Ngozi Ogunwa

Executive Director, Business Development

Luqman Bakare

Regional Executive, Lagos

Mark Okoye

Company Secretary/Regional Executive South-South

Olusola Ajibade

Regional Executive, FCT & North

Adetokunbo Aberuagba

Chief Risk Officer

Jacob Esuga

Group Head, Business Development, Abuja

Michael Asalu

Group Head, Business Development, Lagos

Corporate Social Responsibility

Poverty Alleviation





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Poverty Alleviation
Poverty has long been an endemic problem in developing countries. The role of corporate organizations in fostering or undermining development within poor local communities in developing countries has been a subject of intensive debate within academic and practitioners’ circle. Through the Bank’s Corporate Social Responsibility (CSR), we have demonstrated commitments to the reduction of poverty in the country by following socially responsible practices thereby making the growth generated by the private sector more inclusive, equitable and poverty reducing.

We see investments in our society as that avenue given to us as a team to collectively reach out to others and fulfil our innate desire to make a difference. We consider this the only way we can build a sustainable business.

In accordance with the United Nations Sustainability Development (UNSD) Goal 1 “End poverty in all its forms everywhere” and Goal 2 “End hunger, achieve food security and improved nutrition and promote sustainable agriculture”, the Bank made the following interventions:
  • Donation to The Candlelight Foundation, Surulere, Lagos in 2020
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A literate populace is the bedrock for national development. In light of this, the Bank supports initiatives that encourage education at all levels through several projects that enhance the quality and standard of education in the country.

In accordance with the United Nations Sustainability Development (UNSD) Goal 4 “Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all”, the Bank has supported the following:
  • Scholarship for a female student at the University of Uyo throughout her academic year.
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FirstTrust will encourage environmentally active employees to share their ideas and participate in programmes that improve and support a better environment in the community.
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The Bank is ready to support the cause of the less-privileged members of the community in their efforts to overcome health challenges, disabilities and integrate with the larger society.

In accordance with the United Nations Sustainability Development (UNSD) Goal 3 which seeks to "ensure healthy lives and promote well-being for all at all ages", FirsTrust supported a tertiary institution's need to save lives by improving the diagnostic and treatment capacity at the University of Port Harcourt Teaching Hospital as part of the Bank's intervention effort in helping people in Rivers state cope with the COVID-19 pandemic in 2020.

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