For making housing finance a central issue in the nation’s economic development, helping to expand access to mortgage finance and improving the coverage rate from 25 percent to 40 percent in three years, Gimba Ya’u Kumo is LEADERSHIP Public Officer of the Year 2014.
In arriving at the decision, the editors recalled that in the last three years, Kumo through his well thought out initiatives as the Managing Director and Chief Executive Officer of the Federal Mortgage Bank Of Nigeria (FMBN), has been able to prove that housing and housing finance are key drivers of economic development, political stability and contribute a huge part to the nation’s Gross Domestic Product (GDP). To appreciate the good work Kumo is doing at FMBN, it is interesting to note that before now the home ownership rate was a paltry 25 per cent. But that has improved to 40 per cent. Kumo was born on November 5, 1959 in Gombe, Gombe State. He holds a B.sc in Business Administration from Ahmadu Bello University, Zaria in 1983 and a Master’s degree in Business Administration and Management (MBA) from Abubakar Tafawa Balewa University, Bauchi in 1999.
He is a member, Nigeria institute of Management (NIM); Fellow, Chartered Institute of Taxation of Nigeria (FCITN) ; Fellow, African Business School (ABS); Fellow, Institute of Research & Leadership Technology (IRLT) Member, Institute of Management Executive & Administration of Nigeria (MIMEA), Member, Nigeria Institute of Certified Credit Administrators (AICCA).
Mr. Gimba Ya’u Kumo was appointed MD/CEO of the Federal Mortgage Bank of Nigeria on December 4, 2010. He is married with children. He was conferred with the national honour of Officer of the Order of the Niger (OON).
LEADERSHIP CEO Of The Year 2014 – Benedict Peters (Founder, Aiteo Group)
For a path-breaking deal that deepens the country’s capacity to manage its oil assets and one that will create local content valued at $2.7billion, Benedict Peters is LEADERSHIP CEO of the Year 2014.
Mr. Peters is the founder of Aiteo Group and is responsible for managing the company in terms of strategic development, policy formulation and execution.
A graduate of Geography and Regional Planning from the University of Benin, Peters has over 14 years of strategic experience in energy trading, commodity trading and banking. Six of his seven years in energy trading were in senior and top executive positions where he gained invaluable industry knowledge serving at top Nigerian energy trading companies that include Ocean and Oil Limited, MRS Oil and Gas (Managing Director) and OUR GROUP (Group Vice President).
Under him, Aiteo Group has grown rapidly within the last decade, becoming a significant player in the Oil and Gas industry in Nigeria. Its latest feat is the acquisition of 85 per cent equity in Oil Mining Lease, OML 29, being divested by the Shell Petroleum Development Company, SPDC. The purchase of the asset, reputed as one of Shell’s most prolific oil block makes it Aiteo’s largest asset in Africa from local content point of view. Peters and Aiteo sealed the deal worth $2.7billion, which also includes the Nembe Creek pipelines.View All 2014 Award Winners