Pres. Tinubu appoints Demola Adebise as FHFL Board Chair

By Kunle Sanni

President Bola Tinubu has appointed Demola Adebise as the new chairman of the board for Family Homes Funds Limited (FHFL).

This development was contained in a statement on Tuesday, signed by Ajuri Ngelale, the Special Adviser to the President on Media and Publicity.

The newly appointed board members are as follows:

  1. Mr. Demola Adebise – Board Chairman
  2. Mr. Abdul Muttalab – Chief Executive Officer/Managing Director
  3. Mr. Abdullahi Musa – Executive Director (Finance)
  4. Mr. Emeka Henry Inegbu – Executive Director (Operations)
  5. Representative of the Ministry of Finance Incorporated – Non-Executive Director
  6. Representative of the Nigeria Sovereign Investment Authority (NSIA) – Non-Executive Director
  7. Mr. Sam Okagbue – Non-Executive Director
  8. Mr. Musa Ahmed – Non-Executive Director
  9. Dr. Eniang Nkang – Non-Executive Director
  10. Ms. Bilkisu Usman – Non-Executive Director

The statement emphasized that the President expects the new board members to leverage their expertise, experience, and dedication to advance the mission of the Family Homes Funds, driving growth and development within the real estate sector.

The Family Homes Funds Limited (FHFL) is a housing finance initiative established by the Federal Government of Nigeria.

It was created to address the country’s housing deficit and improve access to affordable housing.

The fund aims to provide low to middle-income families with affordable home ownership and rental options.

It collaborates with various stakeholders, including private developers, financial institutions, and state governments, to achieve its goals.

FHFL’s primary strategies include financing the construction of affordable homes, providing financial assistance for home buyers, and promoting the development of housing-related infrastructure.

The fund is part of broader efforts to stimulate the housing sector, create jobs, and boost economic growth in Nigeria.

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