Dr. Adeyinka Bibilari is an astute entrepreneur, seasoned administrator and Project Consultant. He holds B.Sc. and M.Sc. degrees in Civil Engineering from the University of Lagos and University of Nigeria, Nsukka, respectively. He also bagged a Ph.D. in Business Administration from the American University of London.
Dr. Bibilari has been a key player in Nigeria’s construction industry for the past 25 years. Specifically, he pioneered the construction and development of the prestigious Abuja Model City, Gwarinpa II, comprising 351 ultra-modern housing units. Valued at over N7 billion, the Abuja Model City Project, which was built for the middle and high income earners under the Public Private Partnership Program (PPP) of the Federal Housing Authority (FHA), has received accolades both nationally and internationally.
Dr. Bibilari is also the brain behind the construction of the ultra-modern “Abuja Sun City” Galadimawa, Abuja. The sprawling state-of –the art estate valued at over N30 billion, is for mixed income earners. This exquisite estate is replete with modern infrastructure and recreational facilities for the comfort of residents. The first phase of the estate was commissioned by former President Olusegun Obasanjo, in 2005.
In addition to serving as the current Chairman of Infinity Trust Mortgage Bank Plc, Dr. Bibilari is also the Chairman of Adkan Services Nigeria Limited; Zuma Paints and Chemical Company Limited; Crest Aluminum (Nig.) Limited; Regal Telecommunications (Nig.) Limited. and Royal Mills and Foods Limited.
Engr. Babatunde Olaleke -Executive Director
Engr. Babatunde Olaleke is a graduate of Civil engineering from the University of Ilorin. He joined Adkan Services Nigeria Limited in 1996, as a Pupil Engineer. Highly professional and articulate, Engr. Olaleke, by dint of hard work and dedication to duty, rose rapidly to become the company’s Site Engineer in 1999; Manager in 2001, and General Manager in 2006. In 2007, he was appointed the Group General Manager.
Within the past 20 years, Engr. Olaleke has been instrumental to the successful execution of high profile projects such as Naval Shipyard, Port Harcourt; Vintage Estate Karu; Abuja Model City, and Sun City, Abuja.
Result oriented, positive thinker and stickler for excellence, Olaleke is a member of several renowned professional institutions including the Council for the Regulation of Engineering in Nigeria (COREN), and the Nigeria Society of Engineers (NSE).
Mr. Olabanjo Obaleye - Executive Director
Mr. Olabanjo Obaleye, Managing Director and Chief Executive Officer of Infinity Trust Mortgage Bank Plc - one of Nigeria’s leading national Primary Mortgage Institutions - is a seasoned and consummate banker, chartered accountant, mortgage and real estate development expert and corporate strategist with 20 years cognate experience in commercial and mortgage banking . He began his banking career in Afribank Nigeria Plc (now Skye Bank), in 1991, and later moved to the defunct Midas Bank and Societe Bancaire Nigeria Limited respectively, where he, at various times, worked and headed all aspects of banking operations from Tellering, Reconciliation, Clearing, Customer Service, Internal Control, Marketing to Branch Management.
In 2004, Mr. Obaleye joined Infinity Trust Mortgage Bank Plc (formerly known as Infinity Trust Savings and Loans Limited), as Acting General Manager, at a very precarious period when the bank was at the brink of collapse having received a notice from the Central Bank of Nigeria to wind down operations within 30 days due to its high negative balance sheet. Undeterred by the near hopeless situation he met on ground, Mr. Obaleye immediately took the bull by the horns by developing and implementing several far-reaching “game-changers” which helped to steer the collapsing bank back to profitability within a short period. Sequel to this uncommon feat, he was promoted to the substantive MD/CEO in 2006.
Since taking over as the Managing Director/Chief Executive Officer 10 years ago, Infinity Trust Mortgage Bank, under Mr. Obaleye’s watch, has experienced unprecedented turn-around resulting in the bank being listed on the Floor of the Nigerian Stock Exchange in 2013. Subsequently, in 2014, the bank became a National Mortgage Bank. Currently ITMB Plc has equity shareholding in the Nigeria Mortgage Refinance Company (NMRC).
Unarguably, Mr. Obaleye’s uncompromising knack for excellence and his result-oriented management and leadership style have led to significant increase in the bank’s shareholders’ funds from less than N50m in 2003, to over N5billion in 2014. Also, the bank has maintained an unbroken record in terms of consistency in dividend payment to shareholders for nine years running. In addition, the bank, under Obaleye’s leadership, has moved from a rented office to its own ultra-modern four-storey Corporate Headquarters located in Abuja’s busiest banking District in Garki. Currently, the bank has two branches in Abuja, and a branch in Lagos and Nassarawa states respectively.
Expectedly, Mr. Obaleye’s passion for excellence and untiring quest for unsurpassed value added service delivery has won accolades for him and his bank both locally and internationally. Specifically, in 2015, he was listed among top Nigerian Chief Executives in the Financial Services and Insurance Industry in the international compendium which chronicles the most influential leaders and players in the country’s financial sector. Also last year, the Global Credit Rating (GCR), Africa’s number one credit rating agency, affirmed Infinity Trust Mortgage Bank Plc’s BB+ credit rating with positive outlook in the long term and A3 with positive outlook in the short term .This was in recognition of the bank’s improved competitive capacity, enhanced brand perception resulting from its transformation from a private limited liability company to a public company and the subsequent upgrade of its license to a National Primary Mortgage Bank.
Mr. Obaleye holds a B.Sc degree in Management and Accounting from Obafemi Awolowo University, Ile-Ife, and M.Sc degree in Business Administration from University of Abuja. He is an Associate Member of the Institute of Chartered Accountants of Nigeria(ICAN),Nigeria Institute of Management (NIM), and the Chartered Institute of Taxation of Nigeria (CITN). An alumnus of Wharton Business School, Philadelphia, USA., Obaleye has attended many high profile seminars , symposia, training workshops, conferences , and courses locally and internationally , and delivered thought-provoking papers in diverse fields of human endeavour, spanning banking and finance, mortgage and real estate, leadership, human capital development, corporate strategy and business process re-engineering.Widely travelled, Banjo (as he is fondly called), is an ardent lover and player of golf.
Mrs. Tolu Osho
Mrs. Tolu Osho is a Law graduate from the University of Abuja. She also has a BL from the Nigeria Law School. She started her career at the code of Conduct Bureau in Abuja in 1998and later worked as Associate in the firm Koya and Kuti Solicitor in Lagos till 2000.She join Adkan service in October 2002 as the Legal Officer and rose through the rank to become the company’s Group secretary.