CBN Announces the Appointment of 16 New Directors to Strengthen Key Departments

The Central Bank of Nigeria (CBN) has officially appointed 16 new directors to oversee critical departments, effective March 3. This strategic move aims to enhance the bank’s regulatory, supervisory, and policy-driven functions, ensuring improved efficiency in the nation’s financial system.

CBN’s Newly Appointed Directors and Their Departments

The newly appointed directors and their respective departments include:

• Jide-Samuel Avbasowamen – Director, Information Technology Department
• Abdullahi Hamisu – Director, Banking Services Department
• Ojumu Adenike – Director, Medical Services Department
• Makinde Olanrewaju – Head, Procurement and Support Services Department

In the financial sector, the following individuals have been appointed:

• Sike Ijeoma – Director, Financial Policy and Regulation Department
• Isa-Olatinwo Aisha – Director, Consumer Protection Department
• Oboh Victor Ugbem – Director, Monetary Policy Department

Further appointments include:

• Nakorji Musa – Head, Trade and Exchange Department
• Yusuf Rakiya – Director, Payments System Supervision Department
• Vincent Modesola – Director, Strategy Management and Innovation Department
• Farouk Muhammad – Head, Reserve Management Department
• Akinwunmi Olubukola Akinniyi – Director, Banking Supervision Department

Additionally, the following directors have been appointed to regulatory and operational divisions:

• Solaja Mohammed-Jamiu – Director, Other Financial Institutions’ Supervision Department (OFISD)
• Hassan Umar – Director, Development and Finance Institutions Supervision Department
• Adedeji Adetona – Head, Currency Operations and Branch Management Department
• Okpanachi Moses – Director, Statistics Department

Enhancing Operational Efficiency in the Financial Sector

These appointments are part of CBN’s ongoing efforts to reinforce its operational structure and regulatory oversight. The newly appointed directors will play a key role in driving Nigeria’s financial policies, ensuring stability, and fostering economic growth.

For more details on CBN’s latest reforms, visit the official CBN website.

Official CBN website

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