President Bola Ahmed Tinubu has approved the appointment of Shebi Usman Odi as the Chief Executive Officer of the Federal Mortgage Bank of Nigeria.
Odi’s appointment was made known in a statement signed by the President’s Spokesperson, Ajuri Ngelale, on the reconstitution of the executive management teams of agencies under the Federal Ministry of Housing and Urban Development.
The President also approved the appointment of Executive Directors of Finance & Corporate Services, Mr Ibidapo Odojukan.
Others are Executive Director (Loans & Mortgage Services) — Mr. Muhammad Sani Abdul, Executive Director (Business Development & Portfolios) — Ms. Chinenye Anosike.
Also for the Federal Housing Authority (FHA), the President approved the appointment of Hon. Oyetunde Oladimeji Ojo as the Managing Director / CEO.
Others are Executive Director (Housing Finance & Accounts) — Mr. Mathias Terwase Byuan, Executive Director (Business Development) — Mr. Umar Dankane Abdullahi, Executive Director (Project Implementation) — Engr. Oluremi Omowaiye, Executive Director (Estate Services) — Arc. Ezekiel Nya-Etok
The 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.
According to Ngelale, “given 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.
“The President’s 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,” he added.