Kehinde Ogundimu is the leader of the Nigeria Mortgage Refinance Company Plc (NMRC). He holds the positions of Managing Director and Chief Executive Officer of the company and is fast becoming one of the top names in the Nigerian real estate sector.
The NMRC has undergone significant changes under Ogundimu’s leadership since 2018 as he is proactively championing the mortgage market information system. This has even led to them winning an award at the 2019 Nigeria Housing Awards.
Away from his job at the NMRC, Kehinde Ogundimu never misses a chance to educate the public on mortgage financing as he has been part of a number of events where he did this alongside other housing industry stakeholders.
Ogundimu’s Career
Kehinde Ogundimu is a housing and real estate professional that was appointed as Managing Director of the NMRC in 2018. Prior to this appointment, He was the Chief financial officer of the NMRC. Ogundimu has worked in a whole number of places. His work experience comprises over 29 years in financial services which include secondary mortgage and diversified banking as well as energy and public accounting.
He started his career at PricewaterhouseCoopers and subsequently worked in various capacities at Texaco Overseas (now Chevron Nig. Ltd) in Nigeria and in the Washington DC region at Pepco Energy Services, Freddie Mac, Fannie Mae and finally at Capital One Bank, where he was the Head of Debt, Derivatives and Securitization before joining NMRC.
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Education
The NMRC Boss holds a Bachelor of Engineering (B.Eng Honors) degree in Electrical Engineering from the University of Ibadan. After his bachelor’s degree he went on to obtain an MBA from the University of Lagos, Nigeria.
He has also attended several executive management programs in leading educational institutions including Harvard Business School and Gordon Institute of Business Science, University of Pretoria, South Africa.
Ogundimu is a fellow of the Institute of Chartered Accountants of Nigeria (FCA), a member of the American Institute of Certified Public Accountants (CPA) and a Chartered Financial Analyst (CFA) Charterholder.
What you should know about NMRC
The Nigeria Mortgage Refinance Company Plc (NMRC) was established on 24 June 2013, registered with the Securities & Exchange Commission (SEC) and regulated by the Central Bank of Nigeria (CBN) as a non-deposit taking financial institution with the core activity of refinancing mortgages.
The company was set up to bridge the funding cost of residential mortgages and promote the availability as well as the affordability of good housing to average Nigerians by providing increased liquidity in the mortgage market through the mortgage and commercial banks.
As part of the Company’s attainment in Housing Data, NMRC had earlier partnered with the National Bureau of Statistics (NBS) to execute a first of its kind Housing Market survey across six geopolitical zones and involved data gathering, policy evaluation and impact assessment for decision making and investment in the mortgage and housing industry.
Under Ogundimu, NMRC is also collaborating with stakeholders in the passage of foreclosure bills in all the states of the federation and refinancing projects of family homes funds and mortgages of several PMIs.
Also under his leadership, there has been a significant improvement in the mortgage interest rates as rates are said to have dropped by at least five per cent, and tenors have been extended up to 20 years.
