Bola Tinubu has given the green light for the appointment of Oyetunde Oladimeji Ojo, his son-in-law, as the Managing Director and Chief Executive Officer of the Federal Housing Authority (FHA)
Ojo, a former member of the House of Representatives, is the spouse of Folasade Tinubu-Ojo, the president’s daughter.
According to a statement by Ajuri Ngelale, the presidential spokesperson, Tinubu has also designated Mathias Terwase Byuan as the Executive Director (Housing Finance & Accounts); Umar Dankane Abdullahi as Executive Director (Business Development); Oluremi Omowaiye as Executive Director (Project Implementation); and Ezekiel Nya-Etok as Executive Director (Business Development and Portfolios) to join the management team of FHA.
Ngelale further revealed that the president has appointed Shehu Usman Osidi as the CEO of the Federal Mortgage Bank of Nigeria (FMBN).
Additional appointments to the FMBN management team include Ibidapo Odojukan as Executive Director (Finance and Corporate Services), Muhammad Sani Abdu as Executive Director (Loans and Mortgage Services), and Chinenye Anosike as Executive Director (Business Development and Portfolios).
In a comprehensive move to reposition the national housing and urban development sector, President Tinubu has approved the restructuring of the executive management teams of parastatals under the Federal Ministry of Housing and Urban Development.
The statement outlined the new leadership for FMBN and FHA, emphasizing the qualifications and experience of the appointed individuals. Shehu Usman Osidi, the new FMBN CEO, boasts over 30 years of experience in banking, including 13 years in mortgage banking, with academic credentials from prestigious institutions such as Harvard University’s Kennedy School of Government and the University of Pennsylvania’s Wharton School of Housing Finance.
Oyetunde Ojo, the new CEO of FHA, is highlighted as a former Member of the House of Representatives with over a decade of 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.
President Tinubu’s ambitious plans for the housing sector, including the establishment of Building Materials Hubs, a National Social Housing Fund, and land reforms, are expected to be spearheaded by the newly appointed executives. The president anticipates their swift action in delivering affordable housing to millions of Nigerians and creating numerous job opportunities for the country’s youth.