Tinubu’s Son-In-Law Heads FHA As Managing Director

  • As FMBN gets new CEO, Executive Directors

BY EDMOND ODOK – President Bola Tinubu has  appointed his son-in-law, Oyetunde Oladimeji Ojo, to oversee affairs at the Federal Housing Authority (FHA) as the new Managing Director and Chief Executive Officer.

Ojo, a former member of the House of Representatives, is married to President Tinubu’s eldest daughter, Mrs Folashade Tinubu-Ojo.

Also appointed with Ojo are four Executive Directors for FHA. They are Mr Mathias Terwase Byuan – Executive Director (Housing Finance & Accounts); Mr Umar Dankane Abdullahi – Executive Director (Business Development); Engineer Oluremi Omowaiye – Executive Director (Project Implementation); and Architect Ezekiel Nya-Etok – Executive Director (Estate Services).

The appointments were announced on Thursday by the President’s Special Adviser on Media and Publicity, Chief Ajuri Ngelale, in a statement that also conveyed the approval of other executive management teams for parastatals and agencies under the Federal Ministry of Housing and Urban Development.

The statement indicated that Mr Shehu Usman Osidi will now take charge at the Federal Mortgage Bank of Nigeria (FMBN) as the new Managing Director and Chief Executive Officer.

Similarly, three Executive Directors were also appointed for FMBN. They are Mr. Ibidapo Odojukan, Executive Director (Finance & Corporate Services); Mr. Muhammad Sani Abdu, Executive Director (Loans & Mortgage Services); and Ms Chinenye Anosike, Executive Director (Business Development & Portfolios).

“In view of 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, 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”, Chief Ngelale said.

The President’s aide statement further read in part: “New FHA CEO, 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.

“New FMBN CEO, 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.”

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