President Bola Tinubu has approved the appointment of Shehu Osidi as the Managing Director and Chief Executive Officer (CEO) of the Federal Mortgage Bank of Nigeria (FMBN).
The announcement, made by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, also included the appointment of Oyetunde Ojo as the Managing Director and CEO of the Federal Housing Authority (FHA).
Shehu Usman Osidi, the newly appointed MD/CEO of FMBN, brings over 30 years of banking experience to the role, including extensive expertise in mortgage banking spanning 13 years.
He holds degrees from prestigious institutions such as Harvard University’s Kennedy School of Government and the University of Pennsylvania’s Wharton School of Housing Finance.
Meanwhile, Oyetunde Ojo, the new head of FHA, is a seasoned professional with a background in housing and hospitality industries, coupled with a decade-long tenure as a member of the House of Representatives. He holds a master’s degree in Peace and Conflict Studies from the University of Greenwich, UK.
Ngelale highlighted President Tinubu’s ambitious plans for the housing sector, including the establishment of Building Materials Hubs across all geopolitical zones, the creation of a National Social Housing Fund, and land reforms aimed at facilitating access to land nationwide. These initiatives are expected to unlock nearly $300 billion of dormant capital in the sector and create millions of job opportunities for Nigerian youth.
The newly appointed executives for FMBN and FHA are poised to lead their respective institutions in delivering affordable housing solutions to millions of Nigerians while driving economic growth and development. Below is the list of the newly appointed executives for FMBN and FHA:
Federal Mortgage Bank of Nigeria (FMBN):
- Shehu Usman Osidi: Managing Director/CEO
- Ibidapo Odojukan: Executive Director (Finance and Corporate Services)
- Muhammad Sani Abdu: Executive Director (Loans and Mortgage Services)
- Chinenye Anosike: Executive Director (Business Development and Portfolios)
Federal Housing Authority (FHA):
- Oyetunde Oladimeji Ojo: Managing Director/CEO
- Mathias Terwase Byuan: Executive Director (Housing Finance and Accounts)
- Umar Dankane Abdullahi: Executive Director (Business Development)
- Oluremi Omowaiye: Executive Director (Project Implementation)
- Ezekiel Nya-Etok: Executive Director (Estate Services)
