Gawuna Steps Down as FMBN Chairman, Set for Political Defection in Kano
The Chairman of the Governing Board of the Federal Mortgage Bank of Nigeria (FMBN), Nasiru Gawuna, has resigned from his position, paving the way for an anticipated political defection that could alter alignments in Kano State.
Gawuna, who was the governorship candidate of the All Progressives Congress (APC) in the 2023 elections, formally tendered his resignation in a letter dated March 27, 2026. He stated that his decision takes immediate effect and aligns with a directive issued by Bola Tinubu, mandating political appointees to step down in compliance with provisions of the Electoral Act.
In the letter, Gawuna noted that his exit was in adherence to established legal and administrative guidelines, reinforcing the government’s push to ensure neutrality among appointees ahead of electoral activities.
While he did not publicly disclose his next political move, sources familiar with the development indicate that the former FMBN chairman is preparing to defect in alignment with Rabiu Kwankwaso. He is reportedly expected to formally join the African Democratic Congress (ADC) in the coming days.
The resignation letter also conveyed Gawuna’s gratitude to President Tinubu for the opportunity to serve, describing his tenure at the mortgage institution as both an honour and a privilege. He highlighted his contributions to the bank’s development and reiterated his commitment to national service.
Gawuna further assured stakeholders that he would oversee a smooth transition process, pledging to hand over responsibilities in accordance with due process and institutional guidelines.
His departure comes amid a wave of political realignments in Kano and across the country, as key actors reposition ahead of future elections. Analysts suggest that his expected defection, particularly if aligned with Kwankwaso’s growing coalition efforts, could significantly influence the political dynamics in the state and beyond.