• Wednesday, June 19, 2024
businessday logo


Buhari names Gbeleyi, Chairman of FMBN

FMBN set to catalyse affordable housing with N100bn off-taker guarantee

President Muhammadu Buhari on Friday announced the appointment of Ayodeji Gbeleyi, the chairman of the board of directors of the Federal Mortgage of Bank of Nigeria (FMBN).

Gbeleyi, a Chartered Accountant and an associate of the Chartered Institute of Taxation is taking over at a time, pensioners who served in the bank that regulates and oversees mortgage institutions in Nigeria are lamenting the non-payments of their monthly stipends.

The well-known financial expert who was once a commissioner for Finance in Lagos State, as well as a player in the aviation sector, replaces Adewale Adeeyo who passed on recently.

Read also: Increased supply, contribution to GDP top FG’s new housing agenda

The pensioners who recently sent a “ save our souls” message to the President over their 10 years monthly arrears, pleaded with the President to save them from what they described as “ enslavement by Managing Director of FMBN, Ahmed Musa Dangiwa” who hails from Katsina.

They also accused the organization of failing to execute a Court judgment obtained in their favour over the pension issue.