The new Managing Director, Federal Mortgage Bank of Nigeria (FMBN) Mr Shehu Osidi, says he will run a transparent and open door policy.
He also solicited cooperation and team work from all members of staff of the bank, to achieve its mandate.
Osidi said this during his inaugural address at the occasion of the Handover of the Outgoing Executive Team to the incoming team of the bank on Monday in Abuja.
Osidi, who was a former staff of the bank, said his appointment was homecoming for him and a call to serve.
“For me, it is an onerous task that comes with loads of expectations as a former member of staff, who is expected to know all the challenges of the bank.
“I am not unaware of these expectations and it is a challenge I expect to tackle with all sense of responsibility with members of the new executive management team.
“I understand the importance of teamwork and cooperation in achieving our organisational goals, now, more than ever, as we navigate the complexities of our industry and strive to meet the evolving needs of our stakeholders.
“I am committed to running an open, transparent and accountable administration in an atmosphere where teamwork, innovation, professionalism, excellence and staff wellbeing shall thrive,” he said.
Osidi urged all staff of the bank to commit to rededicating themselves to serve the bank honestly and shun all negative attitudes.
In his remarks, Mr Madu Hamman, the outgoing Managing Director, thanked President Bola Tinubu for finding him and his team worthy to serve.
Hamman who had served the bank for 22 months, was appointed in April of 2022 by former President Muhammadu Buhari.
He congratulated the incoming management team for their appointment and urged them to think deep so as to satisfy the demand of the numerous contributors.
“I also plead with you not to dash the expectations of Nigerians. FMBN is an organisation that all Nigerians look up to for housing delivery, and for provision of affordable housing finances.
“So it’s an onerous responsibility because we all know that what trickles into the organisation as the source of the funds that we manage, is not enough to even cater for one per cent of the population.
“But everybody expects that FMBN should be able to deliver a home to them. Every contributor to the National Housing Fund (NHF) expects that they will get a house.”
Hamman advised the new executive team to look at external innovative ways of raising funds rather than depending on the deposits from NHF.
“I am immensely grateful for the support and cooperation of each and every one of you throughout my time in office here. I have witnessed firsthand, the incredible talent, reservoir of knowledge and resilience that defines impact.”
Speaking on some of the achievements during his tenure, Hamman said the bank was able to exceed N100 billion annual collection, adding that the bank should be categorised as a dividend paying institution.
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Also speaking, Mrs Zubaida Umar, outgoing Executive Director of Finance who had served in the bank for 18 years, welcomed the new management and assured them of absolute commitment and dedication of the staff.
The News Agency of Nigeria (NAN) reports that the new managing director was until his appointment, the Chief of Staff to the Minister of Housing and Urban Development and had worked in the bank as a general manager. (NAN)
