Fire destroys N500m property at Federal Mortgage Bank headquarters

Property worth approximately ₦500 million was destroyed in a fire that engulfed parts of the Federal Mortgage Bank of Nigeria headquarters in Abuja. The Federal Fire Service reported that its rapid intervention prevented an estimated ₦9.5 billion in assets from being lost.

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The Federal Fire Service successfully contained a fire outbreak at the Federal Mortgage Bank of Nigeria on the night of Saturday, August 1, 2026, preventing what could have resulted in extensive damage to critical national assets.

The fire incident occurred on Saturday night, August 1, 2026, and was traced to an electrical surge. The blaze primarily affected offices located on the second floor of the two-story building. Firefighters responded promptly, with reinforcements arriving from the Wuse and CBN Fire Stations. The Federal Capital Territory Fire Service, the National Emergency Management Agency, and other emergency responders also joined the coordinated effort.

In a statement, the Federal Fire Service confirmed that the fire was successfully contained, averting potentially extensive damage to critical national assets. Through the swift and coordinated intervention of the emergency teams, the fire was brought under control, preventing its spread to other sections of the building.

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Through the swift and coordinated intervention of the emergency teams, the fire was successfully brought under control, preventing it from spreading to other sections of the building.

Preliminary assessments indicate that while property valued at around ₦500 million was affected, assets estimated at approximately ₦9.5 billion were successfully protected. The Controller-General of the Federal Fire Service, Olumode Samuel Adeyemi, commended the professionalism and synergy displayed by all responding agencies, which were crucial in minimizing losses.

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Preliminary assessment indicates that property valued at about ₦500 million was affected by the fire, while assets estimated at approximately ₦9.5 billion were successfully protected from destruction.

Following the incident, the Service urged individuals, organizations, and property owners to conduct regular inspections and maintenance of their electrical installations, noting that electrical faults remain a leading cause of fire outbreaks. The Federal Mortgage Bank headquarters is situated opposite the Central Bank of Nigeria headquarters in Abuja.

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The Controller-General… commends all responding agencies for their professionalism, synergy, and commitment, which were instrumental in bringing the incident under control and minimizing losses.