The Central Bank of Nigeria (CBN) has appointed 16 new directors across key departments in the apex bank as it moves to consolidate its modern operations.
These appointments, which took effect from March 3, affect crucial departments in the apex bank, including Monetary Policy, Trade and Exchange, Banking Supervision, Payment Systems, and Consumer Protection, among others.
These changes are coming as Nigeria continues to targets a $1 trillion economy spurred by constant evolution in the global financial space.
Speaking some months ago, the Governor of the CBN, Mr Yemi Cardoso, said the apex bank has been given a core mandate towards playing a crucial role in reaching the goal.
Already, banking institutions are raising capital ahead of March 2026 deadline to prevent against failures and shocks.
Also, digital payments have caught on in the last five years with fintechs rivalling traditional banks for talent and service offerings.
The appointments will help position the lender— and the country— towards proper regulations and will help institute the necessary regulations in one of the country’s most important sector.
This is the list of the newly appointed directors at the Central Bank of Nigeria (CBN):
1. Dr. Olubukola Akinwunmi Akinniyi – Director, Banking Supervision.
2. Yusuf Rakiya Opeyemi – Director, Payment System Supervision.
3. Aisha Isa-Olatinwo – Director, Consumer Protection.
4. Abdullahi Hamisu – Director, Banking Services.
5. Dr. OJumu Adenike Olubunmi – Director, Medical Services.
6. Mr. Makinde Kayode Olanrewaju – Director, Procurement & Support Services.
7. Mrs. Jide-Samuel Omoyemen Avbasowamen – Director, Information Technology.
8. Mrs. Sike Rita Ijeoma – Director, Financial Policy and Regulation.
9. Dr. Victor Ugbem Oboh – Director, Monetary Policy.
10. Mr. Nakorji Musa – Director, Trade and Exchange.
11. Dr. Vincent Monsurat Modesola – Director, Strategy Management and Innovation.
12. Mr. Farouk Mujtaba Muhammad – Director, Reserve Management.
13. Dr. Adetona Sikiru Adedeji – Director, Currency Operations and Branch Management.
14. Mr. Hassan Ibrahim Umar – Director, Development and Finance Institutions Supervision.
15. Mr. Solaja Mohammed-Jamiu Olayemi – Director, Other Financial Institutions Supervision.
16. Dr. Okpanachi Usman Mose – Director, Statistics.