TheCable

Kemi Adeosun, the minister of finance, has been appointed as the chairman, board of directors of Nigeria Bulk Electricity Trading Company (NBET).

In a statement released on Wednesday, Hassan Dodo, the director of information at the ministry of finance, said the appointment was approved by the Acting President Yemi Osinbajo.

According to Dodo, the director-general, Bureau of Public Enterprises is the vice chairman of the board and the minister of power, works and housing will serve as a non-executive director.

Other non-executive directors of the board include directors-general of Debt Management Office (DMO), Budget Office of the Federation and the managing director, Asset Management Company of Nigeria.

Marilyn Amobi, the managing director of NBET, is also a member of the reconstituted board.

In an earlier statement, Dodo announced the appointment of Femi Adewole as the managing director of Family Homes Fund.

Family Homes Fund is an initiative of the federal government aimed at facilitating affordable housing delivery by entering into specific partnerships with supportive state governments, developers and International partners.

According to Dodo, Adewole’s appointment followed a competitive and rigorous recruitment process conducted by PricewaterhouseCoopers.

Adewole is a real estate and housing professional with more than 25 years experience, leading housing initiatives across Sub Sahara Africa and the United Kingdom.

Until his appointment, he was the managing director of Shelter Afrique, a Nairobi based pan-African housing finance company.