President Bola Tinubu has appointed new leadership for the Federal Mortgage Bank of Nigeria (FMBN) and Federal Housing Authority (FHA).
Special Adviser to the President on Media & Publicity, Ajuri Ngelale disclosed this in a statement on Thursday.
He said the president approved the reconstitution of the executive management teams of parastatals under the Federal Ministry of Housing and Urban Development as part of a holistic approach to repositioning the national housing and urban development sector to meet the present and future needs of Nigerian families nationwide.
For FMBN, the president appointed Mr. Shehu Usman Osidi as Managing Director/Chief Executive Officer.
Also appointed were Mr Ibidapo Odojukan as Executive Director (Finance & Corporate Services), Mr. Muhammad Sani Abdu as Executive Director (Loans & Mortgage Services), and Ms. Chinenye Anosike as Executive Director (Business Development & Portfolios).
For FHA, the president appointed Hon. Oyetunde Oladimeji Ojo as Managing Director/Chief Executive Officer.
Also appointed were Mr. Mathias Terwase Byuan as Executive Director (Housing Finance & Accounts), Mr. Umar Dankane Abdullahi as Executive Director (Business Development), Engr. Oluremi Omowaiye as Executive Director (Project Implementation), and Arc. Ezekiel Nya-Etok as Executive Director (Estate Services).
“New FMBN CEO, Mr. Shehu Osidi, is a banker with over 30 years of work experience, including 13 years of experience in mortgage banking. He is an alumnus of Harvard University’s Kennedy School of Government as well as the University of Pennsylvania’s Wharton School of Housing Finance.
“New FHA CEO, Hon. Oyetunde Ojo, is a former Member of the House of Representatives with over a decade of work experience in the housing and hospitality industries. He holds a Master’s degree in Peace and Conflict Studies from the University of Greenwich, United Kingdom.
“In view of President Bola Tinubu’s historic approval of the establishment of Building Materials Hubs across all six of the nation’s geo-political zones; financing and establishment of a National Social Housing Fund for low income and vulnerable groups, and land reforms to collaboratively streamline access to land across all states and unlock nearly $300 billion of dead capital in the sector, his expectations are high that the above-named appointees will hit the ground running in the delivery of affordable housing for millions of Nigerians in need, while providing millions of new job opportunities for Nigeria’s talented youth population presently searching for work,” the statement further read.
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