The Lagos State Government has renewed its commitment to improving access to affordable housing finance, describing the housing sector as a vital tool for economic development, job creation, and social stability.

Governor Babajide Sanwo-Olu made the declaration during the 21st Annual General Meeting of the Lagos Building Investment Company Plc held in Ikeja.

Represented by the Commissioner for Housing, Moruf Akinderu-Fatai, the governor commended the management, board, and shareholders of the mortgage institution for maintaining steady operations despite prevailing economic pressures and market uncertainties.

According to Sanwo-Olu, the Lagos Building Investment Company has continued to demonstrate resilience in supporting inclusive growth through mortgage financing initiatives targeted at expanding homeownership opportunities.

“Despite the economic realities and changing market conditions, LBIC has remained resilient in promoting inclusive development through housing finance,” the governor stated.

He stressed that housing should not only be viewed as a social necessity but also as a major economic enabler capable of stimulating businesses and generating employment opportunities across multiple sectors.

“Housing goes beyond shelter. It drives economic activities, creates jobs, and supports businesses across the housing value chain,” he said.

Sanwo-Olu further noted that the Lagos State Government alone cannot solve the growing housing deficit, emphasising the need for stronger partnerships between government, financial institutions, and private investors.

“The public sector cannot address the housing challenge alone. Sustainable progress will require stronger collaboration with credible financial institutions and private sector stakeholders,” he added.

The governor also encouraged LBIC to leverage technology and innovation to improve mortgage accessibility, particularly for low- and middle-income earners who often struggle to secure housing finance.

According to him, the state government remains supportive of initiatives aimed at strengthening digital mortgage systems and expanding retail lending within the housing sector.

He expressed optimism that resolutions reached during the annual meeting would further strengthen the institution’s operations and position it for greater impact in Nigeria’s housing finance industry.

“I am confident that the decisions taken at this meeting will position LBIC for continued growth and stronger contributions to housing development,” Sanwo-Olu said.

The Lagos Building Investment Company was established to provide mortgage facilities for low-cost housing schemes in Lagos State and has since evolved into one of Nigeria’s leading primary mortgage institutions focused on expanding access to homeownership.

The post Lagos Reaffirms Commitment to Affordable Housing Finance appeared first on Housing TV Africa.

Former Kano State Deputy Governor, Nasiru Yusuf Gawuna, has resigned as Chairman of the Governing Board of the Federal Mortgage Bank of Nigeria (FMBN).

Gawuna, who was also the governorship candidate of the All Progressives Congress (APC) in the 2023 elections, confirmed his resignation in a letter dated March 27, 2026, stating that it takes immediate effect. 

He explained that the decision aligns with a directive issued by Bola Ahmed Tinubu, mandating political appointees with electoral ambitions to step down ahead of the 2027 general elections. 

In his resignation letter, Gawuna said the move was in strict compliance with the provisions of the Electoral Act and the President’s directive. 

He expressed gratitude to the President for the opportunity to serve in various capacities, including his role at the mortgage bank and previous public appointments, describing his tenure as a privilege to contribute to national development. 

Gawuna also assured that he would ensure a smooth transition process by handing over responsibilities in line with established procedures. 

His resignation comes amid growing political realignments ahead of the 2027 elections, with indications that he may be preparing to pursue another electoral position in Kano State.

The post Gawuna Resigns as FMBN Governing Board Chairman appeared first on Housing TV Africa.

They believe Nigeria’s housing finance laws are outdated and can’t keep up with the country’s needs. As evidence, they point to successful reforms in other sectors, such as pensions and telecommunications. These industries were once struggling, but with the right changes, they’ve attracted investment, created jobs, and grown rapidly. Experts now want the same for the housing sector.

Ayo Olowookere, who leads Imperial Homes Mortgage Bank, highlighted the problem. He noted that the National Housing Fund (NHF) law was introduced in 1992. Yet, decades later, it has only gathered about half a trillion naira. In contrast, the pension industry—reformed years later now manages over N24 trillion for 16 million contributors. This, he says, shows how powerful reforms can be when done right.

The housing market is in bad shape. Whether buying or renting, many Nigerians simply can’t afford proper shelter. As a result, millions are pushed into overcrowded slums or unsafe informal settlements. Pastor Matthew Ashimolowo of Kingsway International Christian Centre added to the concern, citing a World Bank report. He said Nigeria needs 700,000 new homes each year to meet demand, but currently builds less than 100,000.

Meanwhile, the population is exploding. With Nigeria projected to hit over 400 million people by 2050, cities like Lagos and Abuja are already struggling to cope with demand. Housing is becoming more expensive, and the dream of homeownership keeps slipping away for the average person.

At the heart of the problem is money or the lack of it. Olowookere explained that mortgage banks don’t have access to long-term, low-interest loans. These are the kind of funds needed for affordable mortgage products. Instead, banks compete in the same market as everyone else, driving up interest rates and making housing loans unaffordable for most people.

Because of this, mortgage banks are forced to improvise. They patch together loans from short-term funds, which don’t fit the nature of long-term housing finance. This not only slows down homeownership but also deepens poverty and widens inequality.

Experts agree: the system must change. They want the government to step in, provide funding support, and lead the charge for real reform. Housing, they say, should not just be a privilege for the rich. It’s a basic right and a national emergency that can’t be ignored any longer.

The post Experts Push for Overhaul as Mortgage System Fails Nigerians appeared first on Housing TV Africa.

Speaking at the Nairametrics industry outlook on the real estate and construction industry, Ogundimu noted that this inability serves as a major barrier within the mortgage market.

He emphasized that this challenge is not unique to Nigeria but is a global issue. Globally, it is estimated that it would take 70 years to save the required 20% equity. To address this, the NMRC initiated a partnership with the National Pension Commission (PENCOM), proposing that Nigerians be granted access to 25% of their Retirement Savings Accounts (RSA) to facilitate mortgage acquisitions.

READ ALSO: Aigboje Aig-Imoukhede Appointed Chairman of Access Holdings

Through this partnership, a greater number of Nigerians can now access 25% of their RSA, helping them meet the mandatory 20% down payment requirement. Ogundimu also addressed other obstacles within the real estate and construction sector, highlighting interest rates as a predominant challenge. He explained that while interest rates are a macro issue beyond the control of NMRC, the company has implemented measures to streamline processes and reduce turnaround time.

“We developed the model mortgage and foreclosure law which streamlines processes, making it easy and cheap. You can now get your permits early. Time is money in construction,” Ogundimu stated. He emphasized that while NMRC cannot directly impact interest rates, it can offer advice to policymakers on structural adjustments needed in the sector.

The post Nigeria Mortgage Refinance Company Tackles Mortgage Equity Barrier appeared first on Housing TV Africa.

According to a statement by the company secretary Timothy Gbadeyan, on Friday, before his appointment, Adedeji was the Executive Director in charge of Business Development, Information Technology, Operations, and Customer Experience.

He was subsequently appointed by the Board as the Acting Managing Director in January 2024.Related News

A Deloitte-trained finance expert with international banking experience at Standard Chartered Bank as well as FCMB, Diamond Bank (now Access Bank), Equitorial Trust Bank (now Sterling Bank), and Fidelity Bank, among others, Adedehi  is a fellow of the Institute of Chartered Accountants of Nigeria.

READ ALSO: Submit returns or face sanctions, CBN warns mortgage banks, others

He has over 27 years diverse experience in Consumer & Retail Banking, Corporate Banking, Mortgage Banking, Strategy and Planning, Private Banking, Risk Management, Operations, Commercial Banking, Corporate Audit, Consulting and Telecoms Sales at Globacom Limited.

He holds a doctorate degree  from the University of Ibadan and extended trainings at several reputable institutions, including Lagos Business School, University of Oxford, among others

The post LivingTrust Mortgage Bank appoints Adedeji new MD appeared first on Housing TV Africa.

Nigeria faces a staggering housing deficit of 28 million units, demanding an estimated N21 trillion for meaningful intervention.

Despite this pressing need, widespread multidimensional poverty hinders many citizens from realizing their dream of homeownership.

The challenge persists, even as authorities strive to create more affordable housing opportunities. According to a 2020 Central Bank report, addressing this housing gap requires between N15 trillion ($40.1 billion) and N20 trillion ($53.4 billion) in mortgage financing.

The historical underdevelopment of Nigeria’s mortgage system is attributed to economic hurdles, restricted finance access, high interest rates, stringent lending criteria, and substantial down payment requirements.

Mortgages serve diverse purposes, acting as a gateway for low-income earners to access properties beyond their financial means.

For investors, mortgages are essential tools for wealth creation and financial security. Leveraging borrowed funds for property acquisition allows investors to benefit from the property’s value appreciation, fostering equity accumulation over time.

However, commercial banks offering home loans in Nigeria present challenges, with interest rates hovering around 25%, coupled with short maturities.

This has led to a significant portion of loans having tenures of fewer than 30 days, limiting accessibility for many Nigerians.

To address these issues, the Federal Mortgage Bank of Nigeria (FMBN) emerged in 1994 as a pivotal mortgage institution.

FMBN aims to deliver accessible and affordable homes through long-term credit to mortgage institutions, administer the National Housing Fund (NHF), and mobilize funds for the residential real estate segment.

Despite sector challenges, mortgage companies within Nigeria contribute, albeit modestly, to the housing sub-sector.

In 2022, the Central Bank disbursed N37.6 billion in loans and advances to mortgage banks, including the Federal Mortgage Bank of Nigeria and the Nigerian Mortgage Refinance Company.

While the mortgage market faces hurdles, CEOs and MDs within these institutions remain resilient, navigating challenges to contribute to a potential future where affordable housing is accessible to Nigerians, bridging the housing deficit.

Moving on, let’s meet the CEO and MDs leading some of Nigeria’s biggest mortgage carriers and brokerages according to their market capitalization.

Kayode Awolu-Managing Director Jubilee-Life Mortgage Bank

Kayode Awolu, the current Managing Director/CEO of Jubilee Life Mortgage Bank Plc, is a distinguished financial leader with a strong background in economics.

Holding a Bachelor of Science (B.Sc.) degree from the University of Ibadan and a fellowship at the Institute of Chartered Accountants of Nigeria (FCA), Awolu brings extensive expertise to his role.

His seven-year stint as the Executive Director for Business Development and Treasury at Jubilee Life Mortgage Bank showcased his strategic leadership.

Before this, Awolu played pivotal roles at First Bank of Nigeria Ltd., notably as the Group Head of Corporate Banking in Portharcourt South, and at Access Bank Plc, where he served as Group Head in the Commercial Banking division for Apapa and Festac Region Lagos.

Korede Adedayo- MD/CEO of FirstTrust Mortgage Bank Plc

Korede Adedayo, the Managing Director/CEO of FirstTrust Mortgage Bank Plc, is a stalwart in the Nigerian mortgage banking sector.

With a career spanning over three decades, he commenced his journey at the West African Examination Council (WAEC) in 1990.

Transitioning to the banking sector in 1997, Adedayo garnered experience from EIB International Bank, Indo-Nig Bank, United Bank for Africa (UBA), and Keystone Bank (Bank PHB). His tenure at First Bank of Nigeria Limited saw him pioneer the Private Banking suite and contribute to the establishment of Providus Bank.

Appointed MD/CEO of FirstTrust Mortgage Bank Plc in 2018, Adedayo led the successful merger with TrustBond Mortgage Bank Plc, solidifying FirstTrust’s position as Nigeria’s largest mortgage bank.

A graduate of Accounting from Lagos State University, Adedayo is a Fellow of the Institute of Credit Administration (FICA), a member of the Institute of Directors (IODs), an Honorary Fellow of the Chartered Institute of Bankers of Nigeria (HF), and a member of the Economic Advisory Council, Kogi State.

This is an off-shoot of the merger between First Mortgages Limited with TrustBond Mortgage Bank in September 2019.

The two entities have a long history dating back to 2003. It is one of the most capitalised mortgage banks with a strong capital base and assets of over N20billion dedicated to serving the financial needs of Nigerians in terms of mortgage loan services.

Young-Toby Ekechi-MD of First Generation Mortgage Bank

Young-Toby Ekechi serves as the Managing Director/Chief Executive Officer of First Generation Mortgage Bank Limited, commencing his role on April 9, 2018.

READ ALSO: Federal Mortgage Bank of Nigeria Plans Massive Housing Finance Under Renewed Hope Agenda

With an extensive background in Banking Operations, he previously held the position of Group Head of operations and Technology at ASO Savings and Loans PLC, a prominent Mortgage Bank in Nigeria. Boasting over 18 years of diverse experience in the financial services sector.

• He holds various academic and professional qualifications, including a BSc in Economics from Abia State University, an MBA in Financial Management from Ladoke Akintola University of Technology, and an MSc in Financial Management from Institute Prima Bestari Malaysia.
• His banking career commenced in 1999 with Citibank, where he held various positions during his 8-year tenure. Later, at Access Bank, he coordinated branch operations in Abuja.

The company’s authorized share capital stands at N2.5 billion comprising 2,500,000,000 ordinary shares at N1 each.

The paid-up share capital is N2.29 billion with a shareholders’ fund exceeding N3.5 billion and a robust total asset base surpassing N21 billion as of December 31, 2022.

Adeola Simon-MD/CEO Brent Mortgage Bank

Simon has over 18 years of experience, including 15 years in Commercial and Mortgage Banking, both locally and internationally. She studied Biology at Howard University, Washington DC in 2005.

• Shifting her focus to the banking sector, she furthered her expertise with a Master of Business Administration from Kennesaw State University, Kennesaw, G.A., specializing in Organizational Leadership and Management.
• She held key roles at renowned financial institutions such as Suntrust Bank, J.P. Morgan Chase, and Bank of America, culminating in her recent appointment as the Managing Director/Chief Executive Officer at Brent Mortgage Bank Limited. Before this, she served as the Executive Director overseeing Credit & Enterprise, and Risk Management portfolios.

Brent Mortgage Bank Ltd emerged from Skyfield Savings and Loans Ltd, commencing operations in 2002 with a capital base of N200 million, later increased to N1 billion in 2007.

In April 2010, new management and a reconstituted board assumed control.

To align with regulatory requirements, the board and management conducted private placement exercises, elevating the adjusted Share Capital to N2.5 billion.

This strategic move aimed at meeting the Central Bank of Nigeria’s minimum capital requirement for a State Primary Mortgage Bank License, revitalizing stakeholder interest.

Demonstrating a commitment to transforming Mortgage banking in Nigeria, the organization embraced a new corporate identity, leading to the adoption of the name Brent Mortgage Bank Ltd, effective April 1, 2014, following approval by the Central Bank of Nigeria and necessary updates at the Corporate Affairs Commission.

Abimbola Olayinka- CEO/Managing Director, Resort Savings & Loans PLC

Abimbola Olayinka holds the position of Managing Director at Resort Savings & Loans and is a Board Member at NiRA, overseeing the .ng registry.

As the President of the Mortgage Banking Association of Nigeria (MBAN), he advocates for increased government support to boost the mortgage sector.

Abimbola is also a Council Member and Fellow of the Nigeria Computer Society. Resort Savings & Loans, licensed for mortgage banking since November 29, 1993, has shown steady growth and solid achievements under his leadership.

The company, with a market capitalization of N2.265 billion, has successfully navigated the challenges of mortgage banking and continues to build public confidence.

Olumide Adedeji – Acting Managing director/CEO of Living Trust Mortgage bank

Olumide Adedeji is a seasoned banker with 25 years of experience spanning Retail Banking, Commercial Banking, Corporate Banking, Telecoms, Hospitality, and Real Estate.

• A Fellow of the Institute of Chartered Accountants of Nigeria, he is also an Associate of the Chartered Institute of Taxation of Nigeria, a Certified Risk Manager, a Chartered Manager, and a Certified Forensic Investigation Professional.
• Deloitte-trained, Olumide has excelled in competitive business environments, achieving new client acquisition, revenue growth, and increased market share in Botswana, Ghana, and Nigeria.
• With leadership roles in prominent banks, he holds a Doctorate, Master’s, and Bachelor’s degree in Physics from the University of Ibadan.

LivingTrust Mortgage Bank Plc reported a 17.96% decline in its profit after tax, totalling N745.80 million by the end of December 2023, compared to N909.15 million in the previous year.

The unaudited financial statements for the fourth quarter, approved by the board on January 19, 2024, and filed with the Nigerian Exchange Limited, revealed a 14.22% increase in gross earnings to N2.9 billion.

Loans and advances to customers increased to N12.991 billion from N10.679 billion, while customers’ liabilities rose to N9.062 billion from N5.491 billion. Living trust Mortgage bank has a market capitalization of N16.35 billion.

Risikatu Ladi Ahmed – CEO ASO SAVINGS AND LOANS PLC

Risikatu Ladi Ahmed, a seasoned banking professional, boasts nearly three decades of exceeding goals and expectations in the industry.

A chartered director from Insead Business School and certified in Corporate Governance, she took the helm as MD/CEO of ASO Savings and Loans Plc in May 2021, tasked with repositioning the bank as a Mortgage Banking front liner.

• As the first female to hold this position at ASO, Risikatu, recognized by Women in Management, Business, and Public Service (WIMBIZ), brings strategic direction and market positioning to the institution.
• With a legal background, including a law degree and a master’s in law, she continues to lead with distinction, drawing from her diverse educational experiences, including Harvard Business School and Wharton Business School’s Advanced Management Program.
• As a testament to her leadership, she was an Executive Director at ASO, overseeing critical functions from 2015 to 2021.

The company has a market capitalization of N7.37 billion as of 2024.

Mobolaji Adewumi-MD/CEO of Abbey Mortgage Bank

Mobolaji Adewumi, the Managing Director/CEO of Abbey Mortgage Bank, is a seasoned financial services professional with profound expertise in sub-Saharan Africa.

He assumed the position of Managing Director/CEO at Abbey Mortgage Bank in April 2022, showcasing his leadership and financial acumen.

• Holding an MBA in Finance from Judge Business School, University of Cambridge, and a BSc in Management and Accounting from Obafemi Awolowo University, Ile-Ife, he became a Chartered Accountant (ACCA) in 2007.
• Bolaji has a rich professional history, including roles at KPMG, UBA, Africa Finance Corporation, Egon Zehnder International London Office, and Fairtrade International.
• With diverse experiences, he served as a Special Adviser at Aso Savings, Special Assistant at First Bank, and later as Group Executive Director of finance at VFD.

Abbey Mortgage Bank Plc showcased resilience in its unaudited financials, navigating inflationary challenges to achieve a net profit of N856.26 million, marking an 11.79% surge from December 2022.

The bank’s interest income witnessed an impressive 49.27% rise, reaching N49.27 billion, while fees and commission income experienced an 83.15% dip to N395.08 million.

Demonstrating cost efficiency, total operating expenses decreased by 1.70% to N2.31 billion. Notably, Abbey Mortgage successfully curtailed Non-Performing Loans (NPLs) over the past three years, indicating robust asset quality amid industry-wide challenges. Abbey Mortgage Bank has a market cap of N24.78 billion

Sunday Olumorin –CEO INFINITY TRUST MORTGAGE BANK PLC 

Sunday Olumorin serves as the Managing Director and Chief Executive Officer of Infinity Trust Mortgage Bank Plc, a prominent national Primary Mortgage Institution in Nigeria.

With a wealth of over 20 years in banking, mortgage, and real estate development, he joined ITMB Plc on March 21, 2005. His extensive expertise has significantly contributed to the bank’s growth and transformation.

• Olumorin has held pivotal roles in strategic departments, including Business Development, Financial Control, Inspection, and Internal Control.
• He holds a B.Sc. in Accounting from the University of Lagos and an MBA from the University of Ilorin. An alumnus of Lagos Business School, he has undergone specialized training in Credit, Banking Operations, Management, Leadership, and Strategy, both locally and internationally.

The company currently boast a capital of N33.28 billion.

Source: Nairametricshttps://nairametrics.com/2024/02/25/top-ceos-mds-of-mortgage-banks-in-nigeria-by-market-cap/

The post Top CEOs/MDs of Mortgage banks in Nigeria by market cap appeared first on Housing TV Africa.

Adewole, who took on the role in May 2020, oversaw substantial growth during his tenure, with Profit Before Tax escalating from N57 million in 2019 to an impressive N1.02 billion in 2022.

In the wake of Adewole’s departure, Dr. Olumide Adedeji, previously an Executive Director at the bank, assumes the position of Acting Managing Director/Chief Executive Officer.

READ ALSO: One in every 10 extremely poor people live in Nigeria, says World Bank

Adewole’s leadership garnered accolades for LivingTrust Mortgage Bank, receiving the Development Bank of Nigeria Award in 2022 and 2023 for the ‘Financial Institution with Highest Impact on Start-Ups and MSME accessing Credit for First Time.’

The bank also earned recognition as the ‘Most Improved Mortgage Bank 2022’ and ‘Africa’s Most Reliable Mortgage Bank 2022’ by Africa Fintech Brands.

Despite reporting a 17.96% decline in profit after tax to N745.80 million at the end of December 2023, compared to N909.15 million the previous year, the bank’s gross earnings surged by 14.22% to N2.9 billion. Robust interest and similar income, rising to N2.31 billion from N1.87 billion, fueled this growth.

Fees and commission income saw a modest dip of 7.63% to N152.33 million, while basic earnings per share decreased to N14.92 from N18.18 in 2022.

The post Managing Director Adekunle Adewole Steps Down from LivingTrust Mortgage Bank appeared first on Housing TV Africa.

The stakeholders believe that access to mortgages would bridge the gap of the huge housing deficit in the country. They also recommended that mortgage financing should be taught as a discipline in tertiary institutions across the country.

A Professor of Capital Market, Uche Uwaleke, in his lead paper titled “Prospective Mortgage Finance Degree in Nigeria: Structure, Curriculum, and Objectives,” said the current interest rates of over 18 per cent affect the uptake of mortgages.

He said, “The interest rate is a function of the economic conditions generally, and interest rates in this economy are generally high and are affecting the uptake of mortgages. Today, we have as many as 34 primary mortgage banks. We have over 20 commercial banks. The Federal Government has tried to also support the Federal Mortgage Bank through the national housing scheme.

“And there is also the refinancing company. Now, all these efforts have not yielded the desired results, partly because of the economic situation we have in the country. Interest rates are quite high, which is why for the mortgage sector, there has to be a special arrangement. For example, the Federal Mortgage Bank has been lending at an interest rate of six per cent which is far, far below.

“Also, at the micro level, the government should deliberately support the issues of mortgages, and I am happy that the new administration is talking about helping Nigerians assess mortgages. The government should deliberately put in place measures to ensure that people have access to mortgages. That is the only way we can bridge the gaps in housing deficits in the country.”

READ ALSO : Falling of Naira: Nigeria’s Real Estate Value drops by 10%,Expert Warns

Earlier, the Vice Chancellor of the Nasarawa State University Keffi, Professor Suleiman Mohammed, who was represented by Professor Andrew Zamani, called on the government to develop affordable mortgage products that would cater to the wide needs of borrowers.

Mohammed said: “There is a need to streamline government policies to reduce bureaucratic bottlenecks, encouraging investment in housing. Other industry stakeholders should collaborate in academia, not only to develop training programmes.

“Regulatory bodies should implement reforms to create a transparent, efficient, and business-friendly regulatory environment. Also, an affordable mortgage product to cater to the wide needs of borrowers is a very critical factor. Also, promotion of ethical practices among members to protect consumers and instill confidence in the sector is very vital.”

Also, the President of IMBLN, Dachung Bagos, said building industry-academia partnerships was essential to promote robust mortgage finance education in Nigeria.

He noted that the development of suitable courses for inclusion in the curriculum of tertiary institutions was a way of achieving that.

READ ALSO: Understanding Money Laundering in Real Estate

The Registrar of the institute, Dr Jasper Adeleye, remarked that the conference was aimed at bringing professionals in the built industry together and sending a serious signal to quacks to exit the real sector.

The National Conference on Mortgage and Real Estate was a timely event that brought together stakeholders from the government, academia, and the private sector to discuss the challenges and opportunities in the mortgage finance sector in Nigeria. The recommendations from the conference could help to address the country’s housing deficit and promote growth in the built environment.

Source: Punch Newspaper

The post Mortgage and Real Estate brokers Calls for Easier Access to Mortgages in Nigeria appeared first on Housing TV Africa.

The Mortgage Banking Association of Nigeria (MBAN) has unveiled Dr Adedeji AJADI as its New Executive Secretary/CEO-Designate with effect from November 1, 2023. The appointment comes on the heels of the Pioneer Executive Secretary/ CEO Mr. Kayode OMOTOSO, who would be proceeding on retirement from December 31, 2023 after having dedicated slightly over two decades to the Organic Development of the Association.

A distinguished Fellow of The Institute of Chartered Accountants of Nigeria and The Chartered Institute of Stockbrokers, Dr. Ajadi is also an Associate of The Association of Chartered Certified Accountants, UK, and a Member of The Association of Certified International Investment Analysts. His academic credentials include bachelor’s degrees in Applied Accounting and Agric Extension & Rural Sociology, MSc in Finance & Investment, and Agric Economics, and a Ph.D. in Finance.

His dedication to excellence has earned him prestigious awards, including the Chevening Scholarship from the UK government, CISI Top Postgraduate Award, and the Excellent Leadership Award from the CIS.

READ ALSO: Demolition: Court Orders Kano Govt to Pay N30bn Within Seven Days

Bringing over three decades of rich professional experience to the helm, Dr. Ajadi’s journey is a tapestry of roles that have molded his versatile skill set. His career began in 1994 at the Excel Professional Centre, Ibadan, where he served as Registrar and Head of Administration while concurrently involved in enlightening eager minds as a Lecturer. His path then led him through roles such as Audit Officer at Aneni Dairo and Co., where he fine-tuned his financial acumen, and a transformative tenure at Chartered Bank Plc, marked by the establishment of an award-winning branch in Ile-Ife, Osun State.

Dr. Ajadi’s foray into management consulting at B. Adedipe Associates Limited and RMS Investment Trust Limited from 2005 to 2006 further enriched his strategic insights. His commitment to excellence caught the attention of The Chartered Institute of Stockbrokers, where, as Director/Head of Education and Training from 2010, he elevated examination and training standards. This journey culminated in his role as Acting Registrar and CEO in 2013 and eventual confirmation in 2014, a position he held with distinction for seven years.

As Dr. Adedeji Ajadi assumes the helms of affairs fully at MBAN from January 02, 2024, the Mortgage Banking Sub-Sector anticipates a future that would be defined by innovation, strategic growth, and a relentless pursuit of excellence. The Association and its Stakeholders stand poised for a transformative journey and a persistent drive to further catalyze the Mortgage Banking Sub-Sector in Nigeria.

The post MBAN gets new Executive Secretary appeared first on Housing TV Africa.