President Bola Tinubu has approved the appointment of Mr. Shehu Usman Osidi as the new Managing Director and CEO of the Federal Mortgage Bank of Nigeria (FMBN).
According to a statement issued by Ajuri Ngelale, Special Advisor to the President, Media and Publicity, Tinubu also approved the appointment of Mr. Ibidapo Odojukan as the new FMBN Executive Director (Finance & Corporate Services).
He noted that the appointment forms “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.”
Other newly appointed FMBN directors include Mr. Muhammad Sani Abdu, Executive Director (Loans & Mortgage Services), and Ms. Chinenye Anosike, Executive Director (Business Development & Portfolios).
In the same vein, Tinubu approved the appointment of Hon. Oyetunde Oladimeji Ojo as the Managing Director and CEO of the Federal Housing Authority (FHA).
He also approved the appointment of Mr. Mathias Terwase Byuan as Executive Director (Housing Finance & Accounts) of FHA.
Other appointees include Mr. Umar Dankane Abdullahi, Executive Director (Business Development), Engr. Oluremi Omowaiye, Executive Director (Project Implementation), and Arc. Ezekiel Nya-Etok, Executive Director (Estate Services).
The presidency noted that given Tinubu’s “historic approval of the establishment of Building Materials Hubs across all six of the nation’s geo-political zones; the 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.”
