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Headline - NMRC Strengthens Corporate governance,appoints Okeahalam Board Chairman


In line with its commitment to international best practices in corporate governance,the Nigeria Mortgage Refinance Company (NMRC) has appointed Charles Okeahalam chairman of its Board of Directors.He takes over from Herbert Wigwe who has been serving as interim chairman since May 2015 when Ngozi Okonjo-Iweala,former Minister for Finance,resigned from that position.It is hoped that his appointment as chairman of NMRC will strengthen corporate governance and his international experience will assist in deepening the mortgage market.In addition to his substantial commercial experience,Okeahalam is a leading economist and former professor of finance.He earned a PhD in Econometrics from the University of London in 1991,and in 2010 a DSc for seminal research contributions to banking and finance from the University of Exeter,United Kingdom. With a vision is to be the dominant housing partner in Nigeria,NMRC also aims to play a major role in the mortgage market as it brings down barriers to home ownership by providing liquidity,affordability,accessibility,affordability,accessibility and stability to the housing market.
Source : Business Day--