President Bola Tinubu has appointed his son-in-law Oyetunde Ojo as the managing director/chief executive officer of Federal Housing Authority (FHA).
In a statement on Thursday, presidential spokesman Ajuri Ngelale announced the appointment of Ojo and other executive management teams of parastatals under the Federal Ministry of Housing and Urban Development.
Ojo, a former member of the House of Representatives, is married to Tinubu’s eldest daughter Folashade Tinubu-Ojo.
According to the statement, Shehu Osidi was appointed managing director /chief executive of the Federal Mortgage Bank of Nigeria (FMBN).
Three executive directors were also appointed for FMBN. They are Ibidapo Odojukan, executive director (finance and corporate services); Muhammad Abdu, executive director (loans and mortgage services); and Chinenye Anosike, executive director (business development and portfolios).
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The statement said four executive directors were appointed for FHA. They are Mathias Byuan, executive director (housing finance and accounts); Umar Abdullahi; executive director (business development); Oluremi Omowaiye, executive director (project implementation); and Ezekiel Nya-Etok, executive director (estate services).
The statement said: “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.
“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.”
