President Bola Tinubu has approved the reconstitution of the executive management teams of parastatals under the Federal Ministry of Housing and Urban Development.

Mr. Shehu Usman Osidi has been appointed the Managing Director /CEO of the Federal Mortgage Bank of Nigeria (FMBN).

Three Executive Directors were also appointed. 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.

Tinubu sacks NCDC DG, re-appoints NAFDAC DG

Also, Hon. Oyetunde Oladimeji Ojo is the new Managing Director/CEO of Federal Housing Authority (FHA).

Ojo is a former member of the House of Representatives.

Four Executive Directors were appointed for FHA. They are: Mr. Mathias Terwase Byuan, Executive Director (Housing Finance & Accounts); Mr. Umar Dankane Abdullahi; Executive Director (Business Development); Engr. Oluremi Omowaiye, Executive Director (Project Implementation); and Arc. Ezekiel Nya-Etok, Executive Director (Estate Services).

The new FMBN CEO, 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.

The new FHA CEO, 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.

The Star