Resort Savings & Loans Set to Resume Operation


Enterprise Television- Resort Savings & Loans Set to Resume Operation

The management of Resort Savings & Loans Plc has announced plan by the organisation to resume operation in the next few weeks.

The decision to re-open for business according to a statement from the organisation followed the recent appointment into its board.

The management said it has been able to source credible investors and was hopeful of returning to full operations,  adding that it is currently awaiting regulatory approvals for investors it recently secured.

It added that it has been able to secure the interest of various properties developers in Lagos, Abuja and many state capitals for mass housing developments.

While Mr. Olayemi Rabiu was recently appointed Managing Director, Senator Sunday O.  Fajinmi was named the Board chairman.

“The chairman has been able to harness resources to create new face for the Bank.  The bank which prides herself of having customers’ base in excess of 70,000 that spread across the nations is taking mortgage banking to the next level.

“The bank being an active participant in the sector is to leverage on her huge investment in real assets to create mortgage-able assets to the benefits of her teeming customers.

“In an effort to launch herself more fully into to the mass housing mortgage banking that she is known for, the bank has been able to re-establish the good relationship with Federal Mortgage Bank of Nigeria and should crystallised good business with FMBN.

“This was due to effort of the Board and Management in meeting officials of the Bank with a view to channelling a new course for their mutual operations,”it stated.

This it said it hopes to do by embarking on aggressive recovery of amount owed by customers, transparent operations and viable dealings in businesses always.

Arising from various collaborations with developers, the management said it is planning to reactivate her operations in Lekki Epe Axis, create more feasibility in Oyo State and viable business operations in Abuja axis.

Source- ThisDay