FG appoints MD for Family Homes Fund

…reconstitutes board of Nigerian Bulk Electricity Trading Company The Federal Government has appointed Mr. Femi Adewole as the Managing Director of Family Homes Fund. A statement from the federal ministry of finance said “Adewole’s appointment followed a competitive and rigorous recruitment process conducted by PricewaterhouseCoopers, a renowned multinational professional services organization.” The FG described Femi Adewole as “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, Adewole 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 that can provide technical support and financing for project implementation. The ministry also disclosed that the federal government has reconstituted the Board of Directors of Nigeria Bulk Electricity Trading Company (NBET). 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. The 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.]]>