President Bola Tinubu has made a significant appointment within the Federal Housing Authority (FHA), naming his son-in-law, Oyetunde Oladimeji Ojo, as the new Managing Director/CEO.
Ojo, previously a member of the House of Representatives, is married to President Tinubu’s eldest daughter, Mrs. Folashade Tinubu-Ojo.
The announcement was made by Special Adviser to the President on Media and Publicity, Ajuri Ngelale, who unveiled the appointment of Ojo alongside other executive management teams for parastatals under the Federal Ministry of Housing and Urban Development.
Among the appointments, Shehu Usman Osidi was named as the Managing Director/CEO of the Federal Mortgage Bank of Nigeria (FMBN). Additionally, three Executive Directors were appointed for FMBN, namely Ibidapo Odojukan (Finance & Corporate Services), Muhammad Sani Abdu (Loans & Mortgage Services), and Chinenye Anosike (Business Development & Portfolios).
For the FHA, four Executive Directors were appointed: Mathias Terwase Byuan (Housing Finance & Accounts), Umar Dankane Abdullahi (Business Development), Oluremi Omowaiye (Project Implementation), and Ezekiel Nya-Etok (Estate Services).
The statement highlighted the professional backgrounds of the newly appointed CEOs, emphasizing their qualifications and experiences. Shehu Osidi, the new CEO of FMBN, brings over three decades of banking experience, including extensive knowledge in mortgage banking and a background from prestigious institutions like Harvard University and the University of Pennsylvania.
On the other hand, Oyetunde Ojo, the newly appointed CEO of FHA, boasts a diverse career spanning housing and hospitality industries, coupled with a Master’s degree in Peace and Conflict Studies from the University of Greenwich, United Kingdom.
The statement also underscored President Tinubu’s ambitious housing initiatives, including the establishment of Building Materials Hubs, the creation of a National Social Housing Fund, and land reforms aimed at unlocking significant capital in the housing sector. The appointees are expected to play pivotal roles in achieving these goals, providing affordable housing solutions for millions of Nigerians and generating job opportunities for the youth population.
