Tinubu Appoints Shehu Osidi, Oyetunde Ojo CEOs In Housing, Urban Dev. Sector

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News Investigators/ President Bola Tinubu has approved the reconstitution of the executive management teams of parastatals under the Federal Ministry of Housing and Urban Development.
Mr. Tinubu said decision was part of a holistic approach to repositioning the national housing and urban development sector to meet the present and future needs of Nigerian families nationwide.
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A statement by Presidential Spokesman, Ajuri Ngelale named Shehu Usman Osidi as Managing Director/CEO of the Federal Mortgage Bank of Nigeria (FMBN)

A former member of the House of Representatives, Oyetunde Oladimeji Ojo was also named as Managing Director, Federal Housing Authority (FHA).

The President also approved the appointment of lbidapo Odojukan as FMBN’s Executive Director (Finance & Corporate Services); Muhammad Sani Abdu as Executive Director (Loans & Mortgage Services) and Chinenye Anosike as Executive Director (Business Development & Portfolios).

At FHA, Mathias Terwase Byuan waa appointed Executive Director (Housing Finance & Accounts), Umar Dankane Abdullahi as Executive Director (Business Development), Oluremi Omowaiye, Executive Director (Project Implementation) and Ezekiel Nya-Etok as Executive Director (Estate Services)

The new FMBN CEO, Mr. 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,” Mr. Ngelale stated.

“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,” he added.

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