Mr Kabir Yagboyaju has formally assumed duty as the Acting Managing Director of the Federal Mortgage Bank of Nigeria (FMBN).
His emergence followed the stepping down of the immediate past Managing Director of the bank, Mr Ahmed Dangiwa, after the expiration of the 5-year tenure of the Executive Management Team on Friday, April 8, 2022.
This disclosure is contained in a statement issued by the Head, Corporate Communications, FMBN, Mr Lawal Sauri, on Saturday in Abuja.
Sauri said that the formal handing over ceremony took place at the bank’s Corporate Headquarters in Abuja and also had in attendance, the Chairman, FMBN Board of Directors, Mr Ayodeji Gbeleyi.
Profile of the new Acting Managing Director
Prior to his appointment as the acting Managing Director, FMBN, Mr Yagboyaju was the most senior General Manager and the Group Head, Risk Management.
He is an economist, financial analyst, and customer service expert with almost 30 years of working experience in the banking industry involving commercial, merchant and mortgage banking institutions.
He has worked with the FMBN for almost 16 years and acquired vast experience in the management of the National Housing Fund (NHF) Scheme.
FMBN Branch Operations, Treasury Services and Capital Market Operations, Human Resources Management, Loans and Mortgages, and Risk Management.
Yagboyaju holds a B.Sc. degree in Economics and a master’s degree in Business Administration from Lagos State University, Ojo and University of Lagos, Akoka, respectively.
Yagboyaju had acquired various professional qualifications including Chartered Institute of Bankers of Nigeria (CIBN), Nigerian Institute of Management (NIM – Chartered), Licensed International Financial Analyst (Canada), and Fellow Institute of Credit Administration, among other qualifications.
He had attended various training programmes both within and outside the country.
The new Acting Managing Director reveals his priorities
Yagboyaju, during the handover ceremony, outlined his immediate priorities to include: Monitoring of all ongoing housing development projects to ensure the bank’s investments were properly recovered
