FMBN has a new Acting Managing Director.
Mr Kabir Yagboyaju has formally assumed duty as the Acting Managing Director of the Federal Mortgage Bank of Nigeria (FMBN).
His emergence followed the stepping down of the immediate past Managing Director of the bank, Mr Ahmed Dangiwa, after the expiration of the 5-year tenure of the Executive Management Team on Friday, April 8, 2022.
This disclosure is contained in a statement issued by the Head, Corporate Communications, FMBN, Mr Lawal Sauri, on Saturday in Abuja.
Sauri said that the formal handing over ceremony took place at the bank’s Corporate Headquarters in Abuja and also had in attendance, the Chairman, FMBN Board of Directors, Mr Ayodeji Gbeleyi.
Yagboyaju, during the handover ceremony, outlined his immediate priorities to include: Monitoring of all ongoing housing development projects to ensure the bank’s investments were properly recovered.
He said, “Ensuring that the bank’s financial ratios with the regulatory authorities are positively improved. Speedy delivery of the bank’s computerization project. Repositioning and Recapitalization of the Bank.
“Turn-around time on service delivery, focus on the bank’s fiveq-year Strategy Plan (2020 – 2024) developed in collaboration with Messrs. KPMG to achieve set targets.
“This includes the delivery of 100,000 housing units, growing annual NHF collections from N50 billion to over N300 billion, expanding the NHF customer base from five million to 25 million.
“We must be profitable by delivering value to our loyal customers (NHF contributors) who have been with us through thick and thin.’’
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