The Lagos Building Investment Company (LBIC) Plc says it is accelerating digital expansion and e-tax integration to improve efficiency and customer experience.
This is even as the upgrade of its core banking system was nearing completion, enabling real-time processing and improved service delivery.
Managing Director, LBIC, Mr Olusola Faleye, bared these much at the annual general meeting of the company, saying part of the company’s commitment going forward was to ensure mortgage access for its clients.
Expressing optimism about Nigeria’s mortgage sector in spite of prevailing economic uncertainties, he announced plans to increase issued share capital to N4.40 billion as part of efforts to strengthen its financial base and drive growth.
He added that the upgrade of its core banking system was nearing completion, enabling real-time processing and improved service delivery.
According to him, the company is also finalising its mobile app and internet banking platforms with features such as biometric login, loan tracking and instant alerts.
He said the bank was implementing automated mortgage loan processing, including AI-driven credit scoring, expected to reduce approval time by up to 60 per cent.
Faleye said LBIC would, in 2026, focus on expanding mortgage access, deepening partnerships with fintechs and strengthening its digital infrastructure.
“Our mission remains unwavering, to make homeownership accessible, affordable, and achievable for every Lagosian.
“Through initiatives such as the One-Click Mortgage Approval System, we are redefining what is possible in housing finance
“Under my leadership, LBIC will continue to pursue strategic growth, operational excellence, and digital transformation,” he said.
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