Tinubu Names New Board For Family Homes Funds

President Bola Tinubu has appointed a new board for Family Homes Funds Limited (FHFL), a move aimed at boosting growth in the real estate sector.

According to a statement issued on Tuesday, July 2, by the special adviser to the president on media and publicity, Ajuri Ngelale, the board, chaired by Demola Adebise, includes experienced professionals in finance, operations, and real estate, News360 Nigeria reports

The members include Abdul Muttalab as CEO/MD; Abdullahi Musa as Executive Director (Finance); and Emeka Henry Inegbu as Executive Director (Operations).

Also appointed to the board representatives from the Ministry of Finance, the Nigeria Sovereign Investment Authority (NSIA), as well as non-executive directors, including Sam Okagbue, Musa Ahmed, Dr. Eniang Nkang, and Ms. Bilkisu Usman.

“In furtherance of efforts by the federal government to consolidate activities aimed at energizing the growth opportunities within the real estate sector, President Bola Tinubu has approved the appointment of the following qualified Nigerians to the board of the Family Homes Funds Limited (FHFL):

(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 President expects that the new members of the board of this important agency will deploy their expertise, experience, and commitment to steer the Family Homes Funds towards achieving its mandate of driving growth and development in the real estate sector”, the statement said.