Nasiru Gawuna, Chairman of the Federal Mortgage Bank of Nigeria (FMBN) Governing Board, has resigned, effective March 27, 2026, citing compliance with President Bola Tinubu’s directive for political appointees to step down ahead of the 2027 elections.
Gawuna, a former APC governorship candidate in Kano, is reportedly joining the African Democratic Congress (ADC) alongside former Kano Governor Rabiu Musa Kwankwaso on Tuesday.
In a resignation letter dated March 27, 2026, he expressed profound gratitude to President Bola Tinubu for the opportunity to serve, describing his tenure as a privilege to contribute to the growth and development of the Federal Mortgage Bank of Nigeria and the country at large.
“My resignation is in strict compliance with the President’s directive requiring all political appointees to step down in accordance with the provisions of the Electoral Act,” the letter read.
Meanwhile, Mr Gawuna also stated that he is placing his future “in the hands of Allah (SWT),” while seeking divine guidance on his next course of action.
He further assured of his commitment to a smooth transition process, noting that he would hand over all responsibilities in accordance with established procedures and directives.
