New FMBN Executive Management Team Unveils 7-Point Agenda, Vows to Transform Bank


To fully realize the potentials of the Federal Mortgage Bank of Nigeria (FMBN) as the foremost Mortgage Institution in Nigeria, the new Executive Management Team of the Bank, has made public its plan of action for running the Bank.

The Managing Director and Chief Executive of the Bank, Shehu Usman Osidi, unveiled his Team’s 7-Point Agenda for taking the Bank to greater heights, during a town hall meeting with the staff of the Bank, on Tuesday, March 19, 2024.

The 7-Point Agenda borders on Deepening Process Automation, Promoting Cost Efficiency, Enhancing Credit Quality/ Reducing Non-Performing Loans, Effective Project Management, Expanding Strategic Partnerships, Enthroning a Robust Organizational/Employee Performance Management System and Standardized Capacity Building/ Talent Management.

Osidi explained that the 7-Point Agenda encapsulates the guiding principles that form the core of the Management Team’s drive at turning around the fortunes of the Bank for good.

He noted that the Management Team would recalibrate the FMBN automation process to fully exploit all that technology can offer across all job functions, to promote efficiency and effectiveness, as well as transform the Bank’s corporate image across generations.

To effectively implement the agenda and elicit the desired result, the Chief Executive re-echoed the Management Team’s resolve to challenge the status quo. He said, “In doing this, as I have said severally, we will challenge the status quo and the way we do things, not just for the fun of it, but to turn things around positively. This is why I believe from the onset, that we must be focused, deliberate and very clear about the goals we must pursue and the path we must take.”

Osidi further stated that “As a Team, this Executive Management desires to transform FMBN into an Institution that we will all be proud of and one that will be a great place to work for young, aspiring professionals; an institution that we can look at with pride even when you leave the system; an institution that will impact positively on the welfare and lives of staff that have made the journey possible.”

“We want to build a system that encourages initiatives and innovation; a system that rewards you for outstanding contributions as well as holds you responsible and accountable for decisions you have taken that impact the Institution,” he added.

He urged all the Staff to team up with the new Executive Management Team for the implementation of the laudable programs, reassuring that Management will pursue goals, only to the extent that such goals will contribute to the achievement of the collective aspirations of the Bank.