Abbey Mortgage Bank Names John Okonkwo as Executive Director

Abbey Mortgage Bank Plc has appointed Mr. John Okonkwo as Executive Director, Finance, Risk, and Operations, effective August 1, 2025.

The appointment, announced in a formal disclosure signed by Company Secretary Geoff Amaghereonu, was communicated to the Nigerian Exchange Limited (NGX), regulators, and investors.

This move underscores Abbey Mortgage Bank’s commitment to fortifying its governance, risk resilience, and operational efficiency.

It aligns with the Bank’s broader vision of delivering innovative, customer-centric financial solutions in Nigeria’s evolving mortgage and financial services sector.

Okonkwo to Oversee Finance, Risk, and Operational Strategy

In his new executive role, Mr. Okonkwo will oversee Abbey’s finance, risk management, and operations divisions. His mandate includes ensuring these pillars align with the Bank’s strategic roadmap and strengthening its market competitiveness amid shifting economic conditions.

“John will be responsible for providing strategic direction and oversight for the Bank’s finance, risk management, and operations functions,” Abbey stated, highlighting the critical importance of his portfolio in driving sustainable growth.

A Veteran Leader with Proven Financial Sector Expertise

Mr. Okonkwo brings over two decades of hands-on experience across finance, risk, corporate governance, and auditing. His career began at KPMG, where he built a solid foundation in audit and advisory services, later holding executive roles at United Bank for Africa (UBA), Heirs Holdings Group, and VFD Group Plc.

At these institutions, he played a central role in implementing enterprise-wide risk frameworks and compliance systems, improving operational controls, and driving strategic transformation across business lines.

Deep Professional Credentials and Academic Excellence

A Fellow of the Chartered Institute of Taxation of Nigeria (CITN), Okonkwo also completed the prestigious Advanced Management Programme (AMP) at Lagos Business School.

His multidisciplinary background is expected to enhance Abbey’s strategic agility and financial governance capabilities.

Positioning Abbey for Growth in Nigeria’s Housing Finance Sector

Abbey Mortgage Bank, recognized as a top-tier provider of mortgage banking and housing finance in Nigeria, is focused on scaling its operations while navigating regulatory and market complexities.

The Bank’s leadership reshuffle comes amid rising demand for structured housing finance solutions and tighter regulatory scrutiny.

With Mr. Okonkwo’s appointment, Abbey aims to sharpen its risk oversight, boost operational excellence, and reinforce investor confidence. The move signals a proactive step toward sustaining leadership in Nigeria’s competitive mortgage banking space.

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