FEDERAL MORTGAGE BANK OF NIGERIA
PROFILE OF THE NEW MD/CE FEDERAL MORTGAGE BANK OF NIGERIA
Press Release 22 April, 2022
MANAGING DIRECTOR/CHIEF EXECUTIVE FEDERAL MORTGAGE BANK NIGERIA
Madu Hamman holds a bachelor’s degree in Geography (1982) from University of Maiduguri. He is a Senior Honorary member of the Chartered Institute of Bankers of Nigeria and an alumnus of IMD Lausanne, Switzerland. He has had about 30 years’ experience in mortgage banking and 8 years in commercial and merchant banking with specific emphasis to credit analysis, banking operations, corporate finance, business support services and human resource management.
He was appointed as Managing Director of Abbey Mortgage Bank Plc, one of the leading mortgage banks in Nigeria in June 2020. As Managing Director in the past 2 years he has supervised and coordinated the restructuring, recovery and growth of Abbey into the fastest growing Mortgage Bank. Before then he was the Executive Director Finance and Administration from 2008 to 2020 of Abbey Mortgage Bank Plc. He was also the General Manager in charge of Human Resources and Corporate Resources from 1998 to 2008. He joined Abbey as a Senior Manager and one of the pioneer staff in 1992.
His commercial/merchant banking career spanned across financial institutions such as the African International Bank (former BCCI) rising from the position of Executive Trainee to a senior management position from 1984 to 1990 before joining the corporate banking department of New World Merchant Bank in 1991.
At Abbey he anchored and directed the planning, integration and implementation of mission critical projects such as Orbit, the core banking application that Abbey used for about 10 years, coordinated activities of foreign private equity investors from due diligence to funding in Abbey in 2007. He also anchored sourcing FDI funding to finance mortgage and housing development for the bank in 2008/2009. He coordinated all the support functions in Abbey for a period of about 12 years.
Madu has attended several courses in Management, Strategy, Leadership and Corporate Governance both locally and offshores.
He is happily married with children.