LivingTrust Mortgage Bank Obtains CBN’s Approval To Appoint 8 New Directors

LivingTrust Mortgage Bank Plc has secured approval from the Central Bank of Nigeria (CBN) to appoint eight new directors to its board, a move that highlights its commitment to strengthening leadership and driving its growth strategy.

The bank, in a notification to the Nigerian Exchange Group Limited (NGX Group) signed by its Managing Director and Chief Executive Officer, Dr. Olumide Adedeji, confirmed the appointments, which include two Executive Directors, three Non-Executive Directors, and three Independent Non-Executive Directors.

Among those appointed, Mr. Timothy Gbadeyan and Dr. Gbadebo Ayinde will serve as Executive Directors. Mr. Gbadeyan, who previously held the roles of Company Secretary and Group Head of Legal and Corporate Strategy, will now oversee Mortgage Services. A legal and corporate strategy expert, he holds a Law degree from the University of Ilorin, a Master’s in Business Administration from UCAM University, Spain, and a Postgraduate Diploma in General Administration from Cambridge International Qualifications in the United Kingdom.

He is also a Certified Project Management Professional and an Associate Member of the Chartered Management Institute, UK.

Mr. Ayinde, who has been named Executive Director in charge of the Public Sector Group, brings extensive experience in town planning and public service. With 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 complements his expertise with a Certificate in Project Management. His previous role as a member of the House of Representatives between 2003 and 2007, where he served as Deputy Chairman of the House Committee on Works, further strengthens his credentials.

The new Non-Executive Directors include Hon. Olusola Ogungbile, who currently serves as the Commissioner for Finance in Osun State and has over two decades of banking experience, Mr. Adeola Olajide, a former Partner at PwC and an MBA graduate of Warwick Business School, UK, and Mr. Olanrewaju Afolabi, who has spent more than 20 years in mortgage banking and holds a background in Economics.

The bank also welcomed three Independent Non-Executive Directors: Mrs. Adedoyin Amosun, a Chartered Accountant with 27 years of experience and a former Associate Director at PwC, Dr. Kamaldeen Adekilekun, a legal expert with a PhD in Law and over two decades of industry experience, and Mr. Michael Omolaja, a former General Manager at FirstBank with more than 30 years of experience and a Master’s degree in Intelligence and Strategic Studies.

In addition to these appointments, the bank announced Mrs. Dorcas Oluwaseun Ajayi as the Acting Company Secretary and Head of Legal Services. With over 17 years of post-call experience, she has served as a senior-level in-house counsel for nearly a decade and brings a wealth of expertise in corporate law.

The expansion of LivingTrust Mortgage Bank’s board reflects its commitment to strong corporate governance, operational efficiency, and strategic positioning within Nigeria’s mortgage banking sector. With the new leadership in place, the bank is poised to capitalise on emerging opportunities while reinforcing investor confidence in its long-term stability and growth.