Living Trust Mortgage Bank Plc has secured approval from the Central Bank of Nigeria (CBN) to appoint eight new directors to its board. This strategic move aims to strengthen the bank’s leadership structure and drive its long-term growth and expansion plans.
In a statement released by the bank, the newly appointed directors include two executive directors, three non-executive directors, and three independent non-executive directors. Their collective expertise spans across banking, law, accounting, public administration, and strategic management, positioning the bank for enhanced operational efficiency and market competitiveness.
New Executive Directors
- Mr. Timothy Gbadeyan
Mr. Gbadeyan was formerly the Company Secretary and Group Head of Legal and Corporate Strategy at LivingTrust Mortgage Bank. He holds a Bachelor’s Degree in Law from the University of Ilorin and a Master’s in Business Administration from UCAM University, Spain. He is also a Certified Project Management Professional and an Associate Member of the Chartered Management Institute, UK. As Executive Director of Mortgage Services, Gbadeyan is expected to bring his legal and strategic expertise to the bank’s mortgage operations and enhance service delivery. - Dr. Gbadebo Ayinde
Dr. Ayinde has an extensive background in town planning and the built environment. He holds an HND in Town Planning from The Polytechnic, Ibadan, a Master’s Degree from Ogun State University, and a PhD from the Federal University of Technology, Akure. He also holds a Certificate in Project Management and previously served as a Member of the House of Representatives from 2003 to 2007. Dr. Ayinde will lead the bank’s Public Sector Group, focusing on strengthening partnerships with government institutions and driving growth in public sector business.
New Non-Executive Directors
- Hon. Olusola Ogungbile
Hon. Ogungbile holds a Master’s Degree in Public Administration and has approximately 20 years of experience in the banking sector. He currently serves as the Commissioner for Finance in Osun State, bringing his financial expertise and policy-making experience to the bank’s board. - Mr. Adeola Olajide
Mr. Olajide is an MBA graduate from Warwick Business School, UK, and a former Partner at PricewaterhouseCoopers (PwC). His strategic and financial insights are expected to strengthen the bank’s governance and financial decision-making processes. - Mr. Olanrewaju Afolabi
With over 20 years of experience in mortgage banking, Mr. Afolabi holds a degree in Economics and has deep knowledge of Nigeria’s mortgage and financial markets. His appointment reflects the bank’s strategic focus on expanding its mortgage banking services.
New Independent Non-Executive Directors
- Mrs. Adedoyin Amosun
Mrs. Amosun is a Chartered Accountant with 27 years of experience in auditing, financial advisory, and risk management. She was formerly an Associate Director at PwC, where she advised major financial institutions on compliance and strategic growth. - Dr. Kamaldeen Adekilekun
Dr. Adekilekun holds a PhD in Law and has over 20 years of experience in legal practice and corporate governance. His expertise in regulatory compliance and governance will strengthen the bank’s risk management and legal frameworks. - Mr. Michael Omolaja
Mr. Omolaja is a former General Manager at FirstBank with over 30 years of experience in banking and financial management. He holds a Master’s in Intelligence and Strategic Studies and brings extensive operational and strategic insights to the bank’s leadership team.
Strategic Impact of the Appointments
According to the statement, the appointments reflect LivingTrust Mortgage Bank’s commitment to enhancing its governance structure and driving operational excellence. The new board members’ diverse expertise and experience are expected to position the bank for sustainable growth and increased market presence in Nigeria’s financial sector.
The bank’s management expressed confidence that the newly constituted board will strengthen its mortgage services, deepen customer engagement, and drive financial performance.
“These appointments are strategic and align with our long-term growth objectives,” the statement read. “We are confident that the collective expertise of our new board members will enhance our capacity to deliver innovative mortgage solutions and create value for our stakeholders.”
