It is no longer news that Mr Femi Adewole who has been at the helm of affair as the managing director and chief executive officer of Family Homes Funds Limited for about four years has retired.
Mr Adewole’s retirement came after he attained the mandatory 60-year retirement age for civil servants in the country.
With his retirement approved by the Board of Directors, Mr Sani Yakubu, a professional in strategic planning, portfolio investment and effective management was immediately appointed to the position of acting MD, to lead the organization.
Educationally, Mr Sani obtained his General Certification Examination (GCE) from Kings College, Lagos in 1985. He has a Bachelor of Science Degree in Accountancy from the University of Nigeria, Nsukka in 1990.
He has a Post Graduate Diploma in Banking and Finance from FITC and a Masters of Science in Business Administration from the Ahmadu Bello University that was obtained in 2003.
Mr Sani who is a certified member of Equipment Leasing Association of Nigeria (ELAN), member of the Nigeria Institute of management and a fellow at the Institute of Corporate Administration has had a stellar career thus far in banking, investment and management.
He was first employed as a deputy manager at Habib Bank, after serving about four years in that capacity, he was promoted to Branch Manager.
He was the head of Investment at the Abuja Investment and Property Limited Development Company Limited which was the property and investment arm of the Federal Capital Territory administration.
During his time at the establishment, he facilitated various real estate and modern city development efforts.
From August 2006 to September 2008, Mr Sani was the Managing Director and Chief Executive Officer of Abuja Mass Transport Company Limited where he grew the balance sheet from about N500 million to over N5bn in his two and half years there.
He also grew the fleet of the company from eight (8) buses to 200 buses, all the while developing three additional stations.
In July 2017, he was appointed as a Senior Special Assistant to the President of Nigeria (SSA) on National Recovery and Growth Plan (ERGP) working under the leadership of the Vice President, Professor Yemi Osinbajo, the Minister of Finance, Budget and National Planning as they charted direction for the nation’s economic team.
His journey at Family Homes Funds Limited started in July 2020 when he was appointed the Chief Housing Investment Officer. He was laden with the responsibility of developing strategic partnerships with large scale house builders, financial institutions, corporations, state governments and other key industry players.
He also oversaw the development and implementation of core business products particularly affordable housing whilst driving strategy and policy for Students’ housing, incremental housing and rental housing.
He served in this capacity before his recent appointment as the acting MD at FHFL.
Although the achievements of Mr Adewole at Family Homes Funds has been outstanding and his retirement is expected to create a huge vacuum, the experience and professional achievements of Mr Sani shows that he is more than capable to step in the shoes of Mr Adewole and build on his legacy while taking FHFL to greater heights.