The Company which was incorporated in Nigeria was a private limited liability company on 26 August, 1991, obtained its license to operate as a Mortgage Bank on 20 January 1992, commenced buiness on 11 March 1992 and later converted to a public limited liability company in September 2007. On the 21 of October 2008, the Company became officially listed on the Nigerian Stock Exchange. The principal activity of the Company continues to be the provision of mortgage and banking services to the general public.