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NMRC appoints new Chairman,MD

In view of recent board and management updates, the Nigeria Mortgage Refinance Company Plc (NMRC), has appointed Charles Adeyemi Candide-Johnson SAN, and Mr Kehinde Ogundimu, as substantive Chairman and the Managing Director with effect from 1st December 2018. Mr Johnson takes over from Charles C. Okeahalam, PhD, who retired with effect from November 30. Also, the company’s Executive director in charge of policy, Strategy and Partnerships in the person of Dr. Mrs Chika Akporji, retired effective 30th November 2018. While, Mrs Anino Emuwa, Non-Executive Director, stepped down from the company’s board.

Until His appointment as Chairman, Mr Johnson was a non-executive Director, at NMRC, and a senior partner at Strachan Partners – a leading commercial law firm based in Lagos and Abuja, Nigeria and substantial practice across the nation. He was called to the Nigerian Bar in July 1984 and conferred with the rank of Senior Advocate of Nigeria in September 2003.
He received an LL.M Degree from the University of London in 1985 and between 1984 and 1990 was Counsel in the leading chambers of Jon. B. Majiyagbe SAN, in Kano, Nigeria. He moved to Lagos in 1990 to establish the Lagos practice of that firm and in 1994 led the founding of Strachan Partners.

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Appointed as notary public for Nigeria in 1988 and in 1996 a Fellow of the Chartered Institute of Arbitrators of England, Yemi is an approved tutor-examiner for the Institute. He is an honorary fellow at the Centre for International Legal Studies in Salzburg, Austria and a supporting member of the London Maritime Arbitration Association.

The new Managing Director, Mr Kehinde Ogundimu, was the Chief Financial Officer (CFO) and Acting Managing Director, prior to his appointment as the substantive Managing Director. Ogundimu holds a Bachelor of Electrical Engineering degree from the University of Ibadan and obtained an MBA from the University of Lagos, Nigeria. He is a seasoned professional with over 20 years work experience in financial services (secondary mortgage and diversified banking), energy and public accounting.

Mr Ogundimu started his career at Price Waterhouse Coopers and subsequently worked in various capacities at Chevron Nigeria Ltd and in the Washington DC region at Pepco Energy Services, Freddie Mac, Fannie Mae and finally at Capital One Bank, where he was the Head of Debt, Derivatives and Securitization before joining NMRC.

“Mr. Ogundimu is a fellow of the Institute of Chartered Accountants of Nigeria (FCA), a member of the American Institute of Certified Public Accountants (CPA), a Chartered Financial Analyst (CFA) Charter holder.
“He has attended several executive management programs in leading educational institutions including Harvard Business School and Gordon Institute of Business Science, University of Pretoria,” the release further read.

The Company’s new Chairman and Managing Director, both come with wealth of experience acquired over the years, and are expected to oversee the affairs of the company, with a clear mandate to grow the primary and secondary mortgage markets and promote home ownership in Nigeria.

They are both proponents of the value chain approach to tackling the challenges facing a market comprising multi-faceted and complex operators, systems and processes along a supply and demand continuum.
The Nigeria Mortgage Refinance Company was conceived as a major institutional and financing intervention for the country’s housing sector, with the mandate of providing liquidity to mortgage lenders.

Source:Affa Dickson Acho

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