Tinubu Names New Heads For FHA, FMBN

President Bola Tinubu

President Bola Tinubu has appointed new Chief Executives and management team for agencies under the Ministry of Housing and Urban Development. 

This was even as he named Oyetunde Ojo as the Managing Director of the Federal Housing Authority (FHA) alongside four executive directors.

Ojo replaced Mr Gbenga Ashafa, who had served as FHA’s MD since 2020.

Tinubu also appointed Mr Shehu Osidi as the new Managing Director of the Federal Mortgage Bank of Nigeria (FMBN) alongside three executive directors.

Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale disclosed this on Thursday in Abuja.  

The four executive directors at the FHA include Mr. Mathias Byuan (Housing Finance and Accounts), Umar Abdullahi (Business Development), Oluremi Omowaiye (Project Implementation) and Ezekiel Nya-Etok (Estate Services).

At the FMBN, Tinubu also appointed Mr. Ibidapo Odojukan as Executive Director (Finance and Corporate Services), Muhammad Abdu (Loans and Mortgage Services), and Ms. Chinenye Anosike (Business Development and Portfolios).

The President noted that the appointments are part of a holistic approach toward repositioning the national housing and urban development sector to meet the present and future needs of Nigerian families nationwide.

Providing a brief on the appointees, he said that Ojo is a former Member of the House of Representatives, with over a decade of work experience in the housing and hospitality industries.

Ojo holds a Master’s degree in Peace and Conflict Studies from the University of Greenwich, United Kingdom.

Also, the new FMBN MD, 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, Kennedy School of Government, as well as the University of Pennsylvania’s Wharton School of Housing Finance.

Ajuri recalled that President Tinubu had approved the establishment of Building Materials Hubs in all the six 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 $300bn of dead capital in the sector.

The President expected the new leadership to hit the ground running in the delivery of affordable housing to millions of Nigerians while providing millions of new job opportunities for Nigeria’s talented youth  presently unemployed.