CBN appoints 16 new directors to boost operational strength

From Adanna Nnamani, Abuja

The Central Bank of Nigeria (CBN) has appointed 16 new directors to lead crucial departments within the institution, with the changes set to take effect on 3rd March 2025.

According to a top official of the bank who requested anonymity, the strategic appointments are expected to enhance the effectiveness of the CBN and bolster its commitment to promoting a stable financial ecosystem.

Among the newly appointed directors is Abdullahi Hamisu, who will take charge of the Banking Services Department. Ojumu Adenike Olubunmi has been named the director of the Medical Services Department, while Makinde Kayode Olanrewaju will lead the Procurement and Support Services Department. Jide-Samuel Omoyemen Avbasowamen has been appointed to oversee the Information Technology Department.

Additional key appointments include Sike Rita Ijeoma, who will head the Financial Policy and Regulation Department, and Isa-Olatinwo Aisha A., newly appointed as director of the Consumer Protection Department. Oboh Victor Ugbem will serve as the director of the Monetary Policy Department, while Nakorji Musa will manage the Trade and Exchange Department. Yusuf Rakiya Opeyemi is set to lead the Payments System Supervision Department.

Moreover, Vincent Monsurat Modesola will oversee the Strategy Management and Innovation Department, and Farouk Mujtaba Muhammed will head the Reserve Management Department. Akinwunmi Olubukola Akinniyi has been appointed to lead the Banking Supervision Department.

In the currency and financial supervision sectors, Adedeji Adetona Sikiru will direct the Currency Operations and Branch Management Department, while Hassan Ibrahim Umar will be in charge of the Development and Finance Institutions Supervision Department. Solaja Mohammed-Jamiu Olayemi will oversee the Other Financial Institutions Supervision Department (OFISD), and the Statistics Department will now be led by Okpanachi Usman Moses.