President Bola Ahmed Tinubu
Bola Tinubu has given his approval for the appointment of Oyetunde Oladimeji Ojo, his son-in-law, as the Managing Director and Chief Executive Officer of the Federal Housing Authority (FHA).
Ojo, who previously served as a member of the House of Representatives, is married to Folasade Tinubu-Ojo, a daughter of the president.
According to a statement released by Ajuri Ngelale, the presidential spokesperson, on Thursday, Tinubu also named Mathias Terwase Byuan as the Executive Director of Housing Finance & Accounts, Umar Dankane Abdullahi as the Executive Director of Business Development, Oluremi Omowaiye as the Executive Director of Project Implementation, and Ezekiel Nya-Etok as the Executive Director of Business Development and Portfolios, appointing them as members of the management team at FHA.
Ngelale announced that the president has appointed Shehu Usman Osidi as the CEO of the Federal Mortgage Bank of Nigeria (FMBN).
Additionally, Ibidapo Odojukan has been appointed as the Executive Director of Finance and Corporate Services, Muhammad Sani Abdu as the Executive Director of Loans and Mortgage Services, and Chinenye Anosike as the Executive Director of Business Development and Portfolios to the management team of the FMBN.
The statement underscores a comprehensive strategy aimed at revitalizing the national housing and urban development sector to effectively address the current and future housing needs of Nigerian families across the country, as approved by President Bola Tinubu.
“Federal Mortgage Bank of Nigeria (FMBN):
(1) Managing Director / CEO — Mr. Shehu Usman Osidi
(2) Executive Director (Finance & Corporate Services) — Mr. Ibidapo Odojukan
(3) Executive Director (Loans & Mortgage Services) — Mr. Muhammad Sani Abdu
(4) Executive Director (Business Development & Portfolios) — Ms. Chinenye Anosike
“Federal Housing Authority (FHA):
(1) Managing Director / CEO — Hon. Oyetunde Oladimeji Ojo
(2) Executive Director (Housing Finance & Accounts) — Mr. Mathias Terwase Byuan
(3) Executive Director (Business Development) — Mr. Umar Dankane Abdullahi
(4) Executive Director (Project Implementation) — Engr. Oluremi Omowaiye
(5) Executive Director (Estate Services) — Arc. Ezekiel Nya-Etok
The newly appointed CEO of FMBN, Shehu Osidi, brings a wealth of banking experience spanning over 30 years, with a notable 13-year tenure in mortgage banking. 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.
Given President Bola Tinubu’s groundbreaking approval of initiatives such as the establishment of Building Materials Hubs across all six geo-political zones, the financing and implementation of a National Social Housing Fund for low-income and vulnerable groups, and land reforms aimed at facilitating access to land across all states to unlock approximately $300 billion of dormant capital in the sector, he holds high expectations for the newly appointed officials.
He anticipates that individuals like Oyetunde Ojo, the new CEO of FHA, who brings over a decade of experience in the housing and hospitality sectors along with a Master’s degree in Peace and Conflict Studies from the University of Greenwich, United Kingdom, will swiftly embark on initiatives to deliver affordable housing to millions of Nigerians in need and create numerous job opportunities for the country’s skilled youth population actively seeking employment.
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