The chairman of the Governing Board of the Federal Mortgage Bank of Nigeria, FMBN, Nasiru Gawuna, has resigned from his position.

It was gathered that Mr Gawuna has perfected his defection deal with a former governor of Kano, Rabiu Musa Kwankwaso, and is expected to defect to ADC on Tuesday.

In a resignation letter dated March 27, 2026, the former APC governorship candidate in Kano said his decision takes immediate effect and aligns with the President’s instruction aimed at ensuring adherence to electoral laws ahead of forthcoming political activities.

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.

According to DAILY NIGERIAN,  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.