Oyetunde Ojo who is married to President Bola Tinubu’s eldest daughter, Mrs. Folashade Tinubu-Ojo, was on Thursday 15 February, appointed by the President Tinubu as the new Managing Director of the Federal Housing Authority. Ojo replaces Mr Gbenga Ashafa, who has served as FHA’s helmsman since 2020.
The President’s Special Adviser on Media and Publicity, Ajuri Ngelale, who announced Ojo’s appointment among four other executive directors in a statement, said the appointments are “part of a holistic approach to repositioning the national housing and urban development sector to meet the present and future needs of Nigerian families nationwide.”
The statement added, “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.”
Ojo, a former Member of the House of Representatives with over a decade of work experience in the housing and hospitality industries holds a Master’s degree in Peace and Conflict Studies from the University of Greenwich, United Kingdom.
Ojo is an alumnus of Harvard University’s Kennedy School of Government as well as the University of Pennsylvania’s Wharton School of Housing Finance.
Also, Mathias Byuan (Housing Finance and Accounts), Umar Abdullahi (Business Development), Oluremi Omowaiye (Project Implementation) and Ezekiel Nya-Etok (Estate Services) were appointed executive directors at the FHA.
Tinubu also appointed Shehu Osiris as the new Managing Director of the Federal Mortgage Bank of Nigeria, alongside three executive directors.
Also appointed at the FMBN are: Mr. Ibidapo Odojukan as Executive Director (Finance and Corporate Services), Muhammad Abdu (Loans and Mortgage Services), and Ms. Chinenye Anosike (Business Development and Portfolios).
By Damilola Olufemi
