As Sani Yakubu emerges acting MD

Femi Adewole, the Managing Director of the Family Homes Funds Limited (FHFL), the largest social housing investment platform in Africa owned by the Federal Government of Nigeria, has bowed out of the organization.

Adewole, a well bred, international housing finance professional and architect, is leaving the FHFL after attaining the mandatory 60-year retirement age for Nigerian civil servants.

His retirement was approved by the Board of Directors of the FHFL chaired by Suleiman Barau. The board is expected to announce his retirement any moment from now.

Reacting to this development in Abuja, the Executive Director of Africa foremost housing advocacy group, the Housing Development Advocacy Network, HDAN, Mr Festus Adebayo described Mr Adewole’s tenure as excellent and one of the best professionals he has worked with in his 25 years experience in the housing and construction sector.

He charged the acting MD and entire management team to continue to build on the legacy of Mr Adewole and ensure the good name that the organization has garnered under Mr Adewole’s tenure is not tarnished.

He described the development as a new dawn for Family Homes Fund and charged those that Mr Adewole left behind to sustain the good work that Family Homes Funds is doing in the area of provision of social housing.