President Muhammadu Buhari has approved the appointment of Ayodeji Gbeleyi as the Chairman of the Board of Directors of the Federal Mortgage Bank of Nigeria (FMBN).

The appointment was contained in a statement issued on Friday by the Special Adviser to the President on Media and Publicity, Femi Adesina.

The statement read in part ”A Chartered Accountant and an Associate of the Chartered Institute of Taxation, Gbeleyi is a well-known financial expert who was once a Commissioner for Finance in Lagos State”.

Gbeleyi, who is also a player in the aviation sector, replaces Chief Adewale Adeeyo, who passed on recently.

He served as Lagos State Commissioner of Finance under the Babatunde Raji Fashola-led administration.