President Muhammadu Buhari has appointed Hamman Madu as the new managing director of the Federal Mortgage Bank of Nigeria (FMBN).
He also approved the reconstitution of the board of directors.
Prior to Madu’s new appointment, he was the Managing Director and Chief Executive Officer of Abbey Mortgage Bank PLC. He possesses special skills in strategic leadership, risk management, asset and liability management, credit administration and international finance. He is an alumnus of IMD Lausanne and holds a B.Sc. in Geography and MBA in Technology and Strategy.
Recall that in January this year, Buhari appointed Mr Ayodeji Ariyo Gbeleyi, a Chartered Accountant and a well-known financial expert as Chairman of the Board.
Meanwhile, in the new Board, Madu who represents the Northeast zone has over 35 years of banking experience spread across commercial, merchant and mortgage banking.
Umar Zubaida, Executive Director, Finance and Corporate Services representing the Northwest zone; Chukwuma Kingsley, Executive Director, Business Development & Portfolio Management (BD&PM) representing the Southsouth zone were also named as members of the board.
Others are Mustapha Lukman Olayiwola, Executive Director, Loans & Mortgage Services (L&MS) representing the North central zone; Asein Abimbola from the Southwest zone representing the Federal Ministry of works and Housing; Ejezie Sandra Nkechi, Southeast, representing the Public as well as two representatives of the Central Bank of Nigeria.
The appointment of the Board took effect from April 13, 2022 with the exception of the Chairman, Mr Ayodeji Ariyo Gbeleyi whose appointment took effect from January 5, this year.
