Things to know About New FMBN CEO, Shehu Usman Osidi

Taiwo Ajayi
3 Min Read
Shehu Usman Osidi

Amidst a wave of change sweeping through the Federal Mortgage Bank of Nigeria (FMBN), Mr. Osidi assumes the mantle of Managing Director/Chief Executive, succeeding Mr. Madu Hamman.


The new Managing Director/Chief Executive, Mr. Osidi takes over from Mr. Madu Hamman who held the reins of the FMBN from April 2022, when he stepped into the shoes of the current Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, till yesterday, February 15, 2024.

AIHS 2024
AIHS 2024

These appointments are coming barely a week after the Minister charged the Bank’s Management at the FMBN 2024 Annual Retreat, to innovate and lead the new era of massive housing development initiatives of President Tinubu.

The new FMBN CE, Mr. Shehu Osidi, is a consummate banker with over 30 years of banking experience, during which he worked as Branch Manager/Head of Marketing in four (4) different commercial banks, namely; Lion Bank of Nigeria Plc (1990 to 2005); Diamond Bank Plc (2005 to 2006); Intercontinental Bank Plc (2006 to 2007) and Afribank Nigeria Plc (2007 to 2010), before taking up an appointment as an Assistant General Manager (AGM) with the Federal Mortgage Bank of Nigeria (FMBN) in April 2010.

He voluntarily retired on 4th September 2023 as a General Manager (GM), after 13 years of meritorious service to the Bank, following his appointment as Special Adviser on Housing and Chief of Staff to the Honourable Minister of Housing & Urban Development.

READ ALSO: Shehu Osidi Takes Over as FMBN MD, as President Tinubu Appoints New Executives for FMBN

Osidi is an Associate Member of the Chartered Institute of Personnel Management of Nigeria (ACIPM); a full Member of the Nigerian Institute of Management (MNIM), an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria (HCIB); a Fellow of the Institute of Credit Administration (FICA) and a Certified National Accountant (CNA).He is a member of Housing Development Advocacy network(HDAN)


He is an alumnus of the prestigious Harvard Kennedy School of Government, Harvard University, Boston, USA, as well as the Wharton School, University of Pennsylvania, USA and has attended several courses both locally and internationally.


As a testament to his unmatched capacity in the banking sector, he has won several awards, including the Most Outstanding Branch Manager for Abuja Region in 2009 while at Afribank Plc.

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