Fire at Federal Mortgage Bank Causes ₦500m Damage

On the night of Saturday, August 1, 2026, a fire broke out at the Federal Mortgage Bank of Nigeria headquarters in Abuja, resulting in the destruction of property valued at approximately ₦500 million. The Federal Fire Service reported that their swift intervention prevented further damage, saving assets estimated at ₦9.5 billion.

The fire was traced to an electrical surge and affected offices on the second floor of the two-storey building. Firefighters responded promptly, with support from the Wuse and CBN Fire Stations, as well as the Federal Capital Territory Fire Service and the National Emergency Management Agency.

The Controller-General of the Federal Fire Service, Olumode Samuel Adeyemi, praised the professionalism and teamwork of all responding agencies. The Federal Fire Service urged property owners to conduct routine inspections of electrical installations, as electrical faults are a leading cause of fire outbreaks.