Cooperative Mortgage Bank MD/CEO Retires

Encomiums have continued to pour in for the outgoing Managing Director/Chief Executive Office of Cooperative Mortgage Bank, Kabir Ayinde-Tukur, as he bows out after leading the bank for a decade.

The astute banker would officially complete his tenure alongside the Chairman of the bank’s board, Air Vice Marshal Walter Ogujiofor (retd), and the board’s Audit Committee Chairman, Chief Oluwole Okunnuga, at the end of the year.

The bank has also announced the appointments of the current Deputy Managing Director, Musa Abubakar Yusuf, as the substantive MD/CEO, and Engr Samuel Akinsete as the Board Chairman.

In a two-day event organised to celebrate the retirement, members of staff and guests poured encomiums on the trio, especially the outgoing MD/CEO for his outstanding achievements, having positioned CMB as the leading mortgage bank in the country.

Business associates, members of staff, family members, and well-wishers collectively lauded Kabir-Tukur’s dexterity in breaking barriers within the esoteric mortgage market.

In his remarks, Kabir-Tukur expressed gratitude for the opportunity to lead the bank years after training at the old Savannah Bank, noting that the resilience and dedication displayed by his administration were through divine providence and efforts of the Central Bank of Nigeria, business associates, board members and members of staff.
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Responding, the new MD/CEO, Yusuf, said his predecessor had created a solid foundation for progress and continuity, noting that the time has come to move from the most vibrant mortgage bank in Nigeria to the most vibrant financial institution in Africa, while leveraging on technology and innovation.

He therefore assured Nigerians of quality and affordable houses, adding that value would always be the focus.

In attendance at the events were the pioneer MD of the bank, Adetunji Adepeju, a Central Bank of Nigeria’s Director, Kabir Busari, an Assistant Director, Wole Omosuyi, former Minister of Power and Steel, Elder Wole Oyelese, wife of the outgoing MD, Olusola Ayinde-Tukur, Alhaja Fatima Adeoye, Asiwaju Nurudeen Akinade, banking industry giants and investors, among others.

Established in 1994, Cooperative Mortgage Bank sits on the board of the International Cooperative Banking Association and currently boasts of N3.5b share capital.