Federal Mortgage Bank of Nigeria in Crisis over appointment of Richard Esin as Acting MD
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-Union kicks



By: Garba Isa, Abuja.

There is an indication that Federal Mortgage Bank of Nigeria (FMBN) is engulfed in leadership tussle, a situation that may lead to the collapse of the secondary mortgage institution.

FMBN is saddled with the responsibility of supplying the mortgage and housing markets with sustainable liquidity for the advancement of home ownership among Nigerians that is anchored on mortgage financing.
The succession battle came to limelight immediately after the disengagement of immediate past Managing Director of FMBN, Mr Gimba Yau’ Kumo by President Muhammadu Buhari. Kumo who was re-appointed by immediate past President of Nigeria, Goodluck Ebele Jonathan on January 2015 having spent 4 years in his first tenure, was sacked alongside 25 Head of Federal Parastatals and Agencies before the expiration of their tenure.

Investigations revealed that Kumo’s handover was enmeshed in crisis as the three Executive Directors in the Board of FMBN were political appointees and not career civil servants.

Gimba however handed over to Mr Ayobola Oluwafemi Abiola, the executive Director, policy and strategy; which led to conflict of seniority among the three executive Directors.

Following this, The Federal Ministry of Power, Works and Housing in its letter to FMBN approved Mr. Richard John Esin as the Acting Managing Director pending the appointment of a substantive MD.

MORE: http://theicon.ng/2016/04/22/exclusive-federal-mortgage-bank-of-nigeria-in-crisis-over-appointment-of-richard-esin-as-acting-md/

Don't have interest as the bank is originally bias in their responsibilities. The only people they recognize are those on top or with strong connections.





Btw... Am first to comment,, sign of good fortune for me today, you may click like to share the good fortune

Nigerii aaaa

What does the national Industrial cort of nigeria do sef? Take it to court already!!! lawless bunch

Country of who knows who not qualification or credibility.
I dont see this country growing anytime soon.

Bayusity:
D

D=day

Rubbish

So where is the crisis?

Terrible journalism.

What kind of Evil Change is this?
Not a single unit of this nation is functioning well.
I'm wailing loud and seriously for my dear country.

Inconclusive report.

What's causing the hullabaloo?

I don't understand

But nevertheless I like d shape of d man's head

D guy na pro APC make dem leavam.
Murna 4giv me cos I nor read d news at all

Is whaoo

what sort of news this morning, goes back to sleep

They haven't been performing their constitutional responsibilities.... leadership change is necessary biko.

Whatever you do, never ever borrow money from nigeria mortgage banks!!!

I no even know sey we get mortgage bank for Nigeria self. Na their fellow rich men dem go dey epp na.

Resolve dis immediately
My outstanding loan is still dere o

Buhari strikes again

That should have skeleton in his cupboard then..... Make the change am sharply oh

They want to mortgage the administration of the mortgage bank?

What a shame

==> What you need to know about Buhari's numerous travels
http://solutionnaija..com.ng/2016/04/what-you-need-to-know-about-buharis.html?m=1

WHO E EPP?

realestworld:
Country of who knows who not qualification or credibility.
I dont see this country growing anytime soon.

anyone who thinks Nigeria go better is having nothing but pipe dreams

Okay

NHF is deducted from our salary every month. Yet to collet mortgage na war. See hin face lik looter

K

Hw many homes people don acquire thru mortgage bank abegi, if them like make d institution crumble patapata.

B