The Mortgage Banking Association of Nigeria (MBAN) has elected new executives to drive transformation in the mortgage sector.
In a statement issued by MBAN, the association announced that Mr. Ayo Olowookere has been elected as President and Chairman of the National Executive Council (NEC) during its Biennial General Meeting held on Thursday. Olowookere, who is also the Managing Director of Imperial Homes Mortgage Bank, will lead the association’s efforts in advancing the mortgage industry.
Other newly elected members of the National Executive Committee include:
Mr. Arinze Adigwe – Vice President & MD, Homebase Mortgage Bank
Mr. Ime Okon – Deputy President (East) & MD, Awka Savings
Mr. Bolaji Adewunmi – MD, Abbey Mortgage Bank
Dr. Olumide Adedeji – MD, LivingTrust Mortgage Bank
Mrs. Joan Adenuga – Legal Adviser
Additionally, Mr. Mac-Yoroki, the immediate past President and MD of Citycode Mortgage Bank, remains an ex-officio member of NEC.
About the New MBAN President
A seasoned finance executive, Ayo Olowookere brings over 20 years of experience in financial services, banking, and real estate finance. He holds a degree in Industrial Chemistry from the University of Lagos and an MSc in Finance from TIAS Business School.
Before his appointment as MD of Imperial Homes in 2019, he served as MD of LivingTrust Mortgage Bank Plc (2015–2019). His career began at KPMG before moving to ARM and later transitioning into mortgage banking.
Olowookere is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and an alumnus of Harvard Business School.
Vision for MBAN
As the new MBAN President, Olowookere aims to strengthen advocacy and enhance collaboration among primary mortgage banks and brokerage firms.
“We are small, so we need to collaborate rather than compete,” he stated.
His leadership will focus on:
Growing the mortgage sub-sector and expanding MBAN’s business footprint
Enhancing the efficiency of MBAN’s secretariat through restructuring
Fostering inclusivity and strengthening member engagement
“We will build a unified and inclusive organization that delivers real value to all corporate and individual members,” he added.
With this renewed leadership, MBAN is poised for a new era of growth and strategic development in Nigeria’s mortgage sector.
Mr Ime Okon; Mr Mac-Yoroki; Mr Ayo Olowookere; Mrs Joan Adenuga; Mr. Arinze Adigwe; Mr. Arinze Adigwe; and Dr. Adedeji Ajadi.
