Abbey Mortgage Bank Plc, a leading institution in the mortgage sector, has strengthened its executive management team with the appointment of Mr John Okonkwo as Executive Director, Finance, Risk, and Operations.
It said in a statement on Wednesday, the firm stated that this appointment has been formally approved by the Central Bank of Nigeria following a thorough regulatory process.
“Okonkwo is an accomplished and experienced Finance and Operations Professional, Auditor, Risk Management Practitioner, Board and Corporate Governance Advisor, Compliance Risk Management and Sustainability Services Professional.
With over 20 years of experience leading strategic initiatives across industries, particularly in financial services, he is well-equipped to drive growth and excellence at Abbey Mortgage Bank
“As a KPMG-trained professional, Mr Okonkwo is a Fellow of the Institute of Chartered Accountants of Nigeria, an Associate of the Chartered Institute of Taxation of Nigeria, and an Alumnus of the Advanced Management Programme of the Lagos Business School.
“His extensive experience in finance, governance, risk, and compliance, garnered from various positions at Heirs Holdings Group, United Bank for Africa Plc, and VFD Group Plc, will be instrumental in deepening the bank’s institutional resilience and driving operational excellence,” it stated.
The firm stated that in his new role, Okonkwo will provide strategic direction and oversight across the bank’s finance, risk management, and operations functions, ensuring they align with Abbey’s long-term vision of delivering innovative, customer-centric financial solutions.
Commenting on the appointment, High Chief Samuel Oni, Chairman of the Board of Directors, Abbey Mortgage Bank Plc, said, “We are delighted to welcome John to the Board. His extensive experience across finance, risk management, and corporate governance will be instrumental in deepening our institutional resilience and driving operational excellence as we continue to position Abbey for long-term growth.”
Managing Director of Abbey Mortgage Bank Plc, Mobolaji Adewumi, also expressed enthusiasm about the appointment, stating, “John’s appointment comes at a crucial time in our transformation journey. His deep expertise and leadership will further strengthen our operational backbone, helping us build a more resilient, efficient, and customer-focused institution.”
With a wide range of services, including mortgage loans, construction finance, equity release, savings and investment products, and digital banking services via the AbbeyMobile app, Abbey Mortgage Bank Plc remains committed to enhancing value for its customers and stakeholders. The bank continues to simplify home ownership and financial planning for Nigerians, and this appointment is expected to drive the institution’s growth and excellence in the mortgage sector.
