President Tinubu Approves N126bn For Housing Provision Nationwide a day after he appointed his son-in-law MD, Federal Housing Authority.

President Tinubu Approves N126bn For Housing Provision Nationwide a day after he appointed his son-in-law MD, Federal Housing Authority.

President Tinubu Approves N126bn For Housing Provision Nationwide a day after he appointed his son-in-law MD, Federal Housing Authority.

President Bola Tinubu has approved the appointment of Oyetunde Oladimeji-Ojo, as the new Managing Director/CEO of the Federal Housing Authority, FHA.

gathered that Mr Ojo, a former member of the House of Representatives, is married to the president’s eldest daughter, Folashade Tinubu-Ojo.

The appointment was contained in a statement issued by the special adviser to the president on media and publicity, Ajuri Ngelale, on Thursday.

He said the president also appointed four executive directors for the FHA.

They are Mathias Terwase Byuan, executive director [housing finance & accounts] Umar Dankane Abdullahi, executive director [business development] Oluremi Omowaiye, executive director [Project implementation], and Ezekiel Nya-Etok, executive director

Similarly, the president also approved the appointment of Shehu Usman Osidi as the Managing Director /CEO of the Federal Mortgage Bank of Nigeria,FMBN,

According to Mr Ngelale, three executive directors were also appointed for the the bank.

They are Ibidapo Odojukan, executive director [finance & corporate services], Muhammad Sani Abdu, executive director [loans & mortgage services], and Chinenye Anosike, executive director [business development and portfolios].

The statement read in part: “The new FMBN CEO, Shehu 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, 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.

“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.”