FG appoints MD for family homes fund, new board for NBET

FEDERAL Government on Wednesday said it has appointed Mr Femi Adewole as the Managing Director of Family Homes Fund. In addition, a statement from Hassan Dodo, Director of Information at Federal Ministry of Finance disclosed that a new board for Nigeria Bulk Electricity Trading Company (NBET) has been constituted.

“Adewole’s appointment followed a competitive and rigorous recruitment process conducted by PricewaterhouseCoopers, a renowned multinational professional services organisation.

“Femi Adewole is a real estate and housing professional with over 25 years experience leading housing initiatives across Sub Sahara Africa and the United Kingdom.

“Until his appointment, he was Managing Director of Shelter Afrique, the Nairobi based pan-African housing finance company.”

Family Homes Fund, an initiative of the Federal Government, is aimed at facilitating affordable housing delivery by entering into specific partnerships with supportive state governments, developers and international partners/agencies.

The reconstituted NBET Board, which has been ratified by the Acting President, Prof. Yemi Osinbajo SAN, has the Minister of Finance, Mrs Kemi Adeosun as Chairman.

ALSO READ: More funds available for lending to private sector NTBs ― DMO

Director-General of Bureau of Public Enterprises is the Vice-Chairman of the Board and the Minister of Power, Works and Housing will serve as Non-Executive Director.

Other Non-Executive Directors in the NBET Board include Director-General of Debt Management Office (DMO); Director-General of Budget Office of the Federation and the Managing Director/Chief Executive Officer of Asset Management Company of Nigeria (AMCON).

Dr Marilyn Amobi, the Managing Director/Chief Executive Officer of NBET, is also a member of the reconstituted Board.