Nigerian mortgage banker Rose Ada Okwechime bags N173 million dividend in 2025

Nigerian mortgage pioneer Rose Ada Okwechime, director and majority shareholder of Madonna Ashib Commercial Enterprises Ltd, bags over N173 million payout from her stake in Abbey Mortgage Bank, a leading Lagos-based mortgage institution. 

The payout forms part of Abbey Mortgage Bank’s approved total dividend of N1.22 billion ($886,870), ratified at its 34th Annual General Meeting held on Monday, May 25, 2026, for the 2025 financial year, underscoring the lender’s strong earnings performance over the period.

The N173 million ($125,963) dividend, paid on Monday, is a testament to Abbey Mortgage Bank’s impressive financial results. Following the resolutions that were passed, shareholders at the AGM on Monday, May 25, approved a dividend of N0.12 ($0.00008) per share for the 2025 fiscal year.

Okwechime’s role impacts Abbey Mortgage Bank’s growth
Okwechime, a seasoned banker, director and majority shareholder of Madonna Ashib Commercial Enterprises Ltd, holds over 14% stake, equivalent to 1.5 billion shares in Abbey Mortgage Bank. As a significant indirect shareholder in the mortgage bank, her ownership positions her as a key influencer in Nigeria’s mortgage and financial services sector.

Okwechime not only holds the bulk of her investments through a structured vehicle but also sits on the board of Rosabon Financial Services Ltd, a company she co-founded in 1991, demonstrating a long-term, patient investment strategy. 

The bank’s strong financial performance in 2025 underpins the recent market rally. Profit rose 102.67% to N2.17 billion ($1.58 million) as of 2025, up from N1.07 billion ($777,634) a year earlier. 

Total assets climbed 96.83%, reaching N165.83 billion ($120.72 million), compared with N84.25 billion ($61.35 million) at the end of 2024. Retained earnings rose by 115.3% from N1.13 billion ($821,058) to N2.43 billion ($1.77 million).

Okwechime’s Bank stake delivers over N173 million payday

Abbey Mortgage Bank’s strong financial performance prompted its board to propose a dividend of N0.12 ($0.00008) per share, which was approved during the AGM.

Rose Ada Okwechime, who holds a 14.23% stake in Abbey Mortgage Bank, equivalent to 1,445,270,971 shares, stands to receive N173.43 million ($125,963), solidifying her position as one of Nigeria’s richest mortgage bankers and positioning her among the most significant individual shareholders influencing Nigeria’s mortgage banking landscape. From founding Abbey Mortgage Bank to guiding Madonna Ashib’s investment strategy, Okwechime’s influence continues to shape both operational and capital decisions in the sector.

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Rose Ada Okwechime takes lead in Nigeria’s mortgage sector with $10.3 million stake in Abbey Mortgage Bank