ARM announces New CEO as part of Strategic Leadership Transition

ARM Holding Company, one of Nigeria’s foremost investment management firms, has announced the appointment of Wale Odutola as Group Chief Executive Officer and Osahon Ogiemudia as Executive Director, effective July 2025. This strategic leadership transition marks a significant milestone in ARM’s 30-year journey and positions the Group for a new chapter of innovation, enterprise growth, and scale that is firmly aligned with Nigeria’s evolving economic landscape.

The announcement follows the planned exit of Ms. Jumoke Ogundare, the current Group CEO, who will step down on June 30, 2025, after three remarkable decades of service, including a decade of leadership as Group CEO. Under her leadership, ARM reinforced its position as a trusted partner to individuals and institutions, expanded its asset management footprint, and deepened its impact across sectors.

Commenting on the leadership change, Ms. Jumoke Ogundare, the outgoing Group CEO, stated: “It has been a privilege to lead ARM. I am confident that Wale and Osahon will continue to uphold our core values while exploring new paths for innovation, growth, and stakeholder impact. Their leadership will ensure that ARM remains firmly aligned with its mission and long-term strategic objectives.”

Wale Odutola, the incoming CEO, brings nearly three decades of experience in Nigeria’s financial services sector. He currently serves as Deputy CEO of ARM Holding Company and has previously held leadership roles across key subsidiaries, including ARM Pension Managers, ARM Securities, and ARM Properties Plc. Recognized for his strategic foresight, disciplined execution, and operational excellence, Wale has played a central role in driving group-wide performance, business integration, and resilience.

Commenting on his appointment, Mr. Odutola said: “ARM has always stood for vision, integrity, and long-term value. I am honoured to lead this next chapter of growth alongside a team deeply committed to excellence and innovation. We will continue to anticipate the needs of our clients, contribute meaningfully to Nigeria’s economic progress, and uphold the values that have defined ARM for three decades.”

Osahon Ogiemudia, who assumes the role of Executive Director, has led critical operational and corporate functions at ARM Holding Company. With a proven track record across various Group subsidiaries, including ARM Pension Managers and ARM Life, he brings a deep institutional knowledge and a strong focus on execution, client alignment, and sustainability.

This leadership transition reflects ARM’s long-standing philosophy of internal growth, institutional continuity, and client-centred evolution. It ensures that the Group remains resilient and agile in meeting the dynamic needs of its clients and partners in an increasingly complex financial environment.

Commenting on the appointments, ARM’s Chairman, Deji Alli, stated: “This transition marks not just a change in leadership, but a renewed commitment to growth and relevance in today’s Nigeria. As the economy shifts and opportunities emerge, ARM must evolve to meet the ambitions of a new generation of investors and institutions. With Wale and Osahon, we have a leadership team that is deeply experienced, forward-looking, and grounded in our mission. They are well-positioned to guide ARM’s transformation into a more agile, growth-oriented enterprise.”

Known for its specialization in Traditional Asset Management and Specialized Funds, ARM continues to set industry standards in innovation, governance, and sustainable investment practices, remaining at the forefront of sustainable wealth creation in Africa.

About ARM Holding Company

Founded in 1994, ARM Holding Company is a leading Nigerian investment management firm, providing comprehensive asset management and financial advisory services to individual and institutional investors. We enable businesses to thrive and help our clients to maximize their returns and realize their most important goals. For over three decades, we have built a firm uniquely equipped to achieve these objectives, and our reputation for quality research, investment expertise, and value-added services has endeared us to clients both locally and internationally.

For more information, visit www.arm.com.ng.

MOFI, Family Homes Funds, MREIF Unveil Plan To Ease Mortgage Terms For Federal Civil Servants

The Ministry of Finance Incorporated (MOFI), Family Homes Funds Limited (FHFL), and the Asset & Resource Management Holding Company Limited (ARM) have unveiled plans to ease mortgage terms for Federal civil servants in Nigeria under the MOFI Real Estate Investment Fund (MREIF).

ARM represents MREIF in the arrangement, being the designated Fund Managers.

This development follows extensive consultations with key stakeholders aimed at continuously improving the terms for accessing mortgages under the MOFI Real Estate Investment Fund (MREIF) for Federal Civil Servants.

The goal of this agreement is in full alignment with the central goal of MREIF, which is to expand access to housing for Nigerians on a mass scale through a credible and innovative financing model. 

Expanding Access by Lowering Interest Rate, Equity Contribution

The agreement seeks to actualise key objectives, which include lowering the interest rate and equity contribution required from homebuyers, creating a framework to deliver mortgages at more affordable interest rates through blended finance solutions, and contributing to the One Million Homes Housing Project, a major component of the Renewed Hope Agenda.

A Result-Driven Partnership

The structure of this formal collaboration features MOFI, FHFL, and MREIF.

To address the equity contribution barrier, both MREIF and FHFL will jointly provide significant portions of the required mortgage funding, leaving homebuyers with a convenient equity contribution of only 10%. Additionally, this arrangement reduces the interest rate for civil servants to a single digit.

The interest rate reduction strategy includes blending funding sources with varying cost of capital, allowing loans to be delivered at significantly reduced interest rates. FHFL’s access to a funding line from the African Development Bank (AfDB) will play a vital cost-lowering role here.

As a mortgage scheme, a well-structured loan distribution and management plan has been proposed, which will feature engagement of Partner Mortgage Lenders to grant the mortgage loans, with all loans made to comply with the Nigeria Mortgage Refinance Company (NMRC)’s underwriting standards.

Towards Lasting Impact

Commenting on the partnership, MOFI’s CEO, Dr. Armstrong Takang, described it as a “strategic cost-management intervention” for civil servants and other beneficiaries within the band.

On his part, FHFL’s MD, Mr. Abdul Mutallab Mukhtar, stated that through the arrangement, Federal civil servants would finally “realise their dream of owning decent homes”.

ARM’s Deputy Managing Director, Wale Odutola, expressed ARM’s confidence in delivering an impactful financing solution through MREIF, which he described as “a credible vehicle for lasting impact”.

About MREIF

The MOFI Real Estate Investment Fund (MREIF) is a Securities and Exchange Commission (SEC)-approved and regulated fund designed to expand homeownership and strengthen Nigeria’s housing sector. With an AAA rating from Agusto and an AA rating from GCR, MREIF has established itself as a highly credible, market-driven investment platform to address Nigeria’s housing finance gap.

By bringing together public and private sector capital, MREIF aims to make affordable housing more accessible to Nigerians while supporting economic growth. With NGN250 billion already raised and over 100 mortgage finance disbursements made across three geopolitical zones, MREIF is a key driver of investment in long-term housing finance and reducing Nigeria’s housing deficit.

To begin your mortgage application with MREIF, call 02013305005, visit mreif.com.ng, or email [email protected].