NMRC reorganises, appoints new chairman

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 respectively.

Johnson takes over from Dr. Charles Okeahalam. Also, the company’s Executive director in charge of policy, Strategy and Partnerships, Dr. Mrs. Chika Akporji, has also retired while Mrs. Anino Emuwa, a non-Executive Director, stepped down from the company’s board.

Until his appointment, Mr. Johnson was NMRC non-executive Director, and a senior partner at Strachan Partners – a leading commercial law firm based in Lagos and Abuja. He was called to the Nigerian Bar in July 1984 and conferred with the rank of Senior Advocate of Nigeria in September 2003. 

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.

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.

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.