FBN Mortgages appoints new board

FBN Mortgages Limited, a subsidiary of First Bank of Nigeria Limited, has announced the constitution of a new Board of Directors in the bid to continuously provide superior value to all stakeholders, allow for increased thought leadership interventions and corporate governance consolidation in the conduct of its affairs.

The mortgage company was established to provide integrated mortgage solutions to individuals and property investors, fund the development of quality residential and commercial accommodation choices as well as facilitate acquisition via a wide range of innovative financial products and solutions across a wide range spectrum.

The New Board is made up of eminent persons who have displayed excellent business knowledge and board experience across an array of industries. The FBN Mortgages Board of Directors is led by its Chairman – Mr. Tunde Odunayo with Mr. Adenrele Oni as MD/CEO. Other members of the new board are Abdullahi Ibrahim, Otunba Bosede Osibogun, Olatubosun Ashiru, Titilayo Ahmadu and Dr. Umaru Kwairangfa.

At the inaugural meeting of FBN Mortgages Limited held recently, the Chairman, Mr. Odunayo stated that the Board would build on the heritage of its predecessors and the FirstBank group as well as leverage technology and innovation to drive leadership in real estate and the mortgage banking subsector.

In a statement by the MD/CEO, Adenrele Oni, the Board of Directors will continue to build on the excellent records of its predecessors whilst remaining committed to building and developing FBN Mortgages to make it the preferred Mortgage Solutions provider. “FBN Mortgages is strategically positioned to help customers make that final critical step to owning a home in Nigeria and with the calibre and the antecedents of our board members, our dream is to create homes with superior build quality for today’s families” he asserted.