Buhari reconstitutes board of Federal Mortgage Bank

Written by on April 16, 2022

President Muhammadu Buhari has approved the reconstitution of the Board of the Federal Mortgage Bank of Nigeria (FMBN).

This was contained in a statement issued by Senior Special Adviser to the President on Media and Publicity, Mallam Garba Shehu.

This is with a view to repositioning the bank as a core banking institution with core competence in mortgage finance.

It would be recalled that the President had, in January this year, appointed Mr. Ayodeji Ariyo Gbeleyi, a Chartered Accountant and a well-known financial expert, as chairman of  the board.

In the new board, Hamman Madu, representing the Northeast zone, with a background of over 30 years in the mortgage industry, is the Managing Director/Chief Executive Officer.

Other members are: Umar Zubaida as Executive Director, Finance and Corporate Services, representing the Northwest zone; Chukwuma Kingsley, Executive Director, Business Development and Portfolio Management (BD&PM), representing the South-South zone.

Others are Mustapha Lukman Olayiwola, Executive Director, Loans & Mortgage Services (L&MS) representing the Northcentral zone; Asein Abimbola from the Southwest zone representing the Federal Ministry of Works and Housing; Ejezie Sandra Nkechi, Southeast, representing the public as well as two representatives of the Central Bank of Nigeria.

The appointment of the board takes effect from April 13, 2022 with the exception of the Chairman, Mr. Ayodeji Ariyo Gbeleyi, whose appointment took effect from January 5, this year.

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