Mr Luqman Bakare
Infinity Trust Mortgage Bank Plc has appointed seasoned financial expert, Mr. Luqman Bakare, as its substantive Managing Director and Chief Executive Officer, signaling a new phase in the institution’s drive for growth and strategic expansion.
The appointment, which took effect on June 8, 2026, is subject to the approval of the Central Bank of Nigeria (CBN). Bakare takes over from Mrs. Ngozi Chukwu, who had steered the bank in an acting capacity.
With more than three decades of experience spanning banking, manufacturing, and the oil and gas sectors, Bakare brings a wealth of expertise to the leadership of the mortgage institution at a time when Nigeria’s housing finance sector is seeking greater innovation and expansion.
Before his elevation, he served as General Manager and Regional Executive for Lagos at First Trust Mortgage Bank Plc, where he was involved in driving business growth and strengthening operational performance.
A highly accomplished economist, Bakare earned both his Bachelor’s and Master’s degrees in Economics from the University of Ibadan, specializing in Monetary, Energy, and Petroleum Studies. Over the course of his career, he has also participated in numerous executive and professional development programmes in Nigeria and abroad.
His professional credentials include honorary membership of the Chartered Institute of Bankers of Nigeria (CIBN) and fellowship of the Institute of Credit Administration (ICA), reflecting decades of contribution to Nigeria’s financial services industry.
Industry observers see his appointment as a strategic move that positions Infinity Trust Mortgage Bank to deepen its market presence, strengthen stakeholder confidence, and pursue new opportunities in the nation’s evolving mortgage and housing finance landscape.
The bank expressed confidence that Bakare’s extensive leadership experience and deep understanding of the financial sector will accelerate its vision of delivering sustainable value to shareholders and customers alike.