The National Pension Commission (PenCom) has barred seven Primary Mortgage Banks (PMBs) from processing equity contribution applications for residential mortgages, citing their failure to comply with regulatory guidelines. In a circular dated August 11, 2025, and signed by the Head of Benefits and Insurance Department, Obiora Ibeziako, PenCom directed Pension Fund Administrators (PFAs), including Closed … Continue reading PenCom Blacklists Seven Mortgage Banks Over Housing Loan Violations