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CBN Appoints 16 New Directors to Key Departments

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By James Ajibade.

 

The Central Bank of Nigeria (CBN) has appointed 16 new directors to lead various departments within the apex bank. According to TechCabal, the appointments, which took effect on March 3, are aimed at strengthening the bank’s regulatory, supervisory, and policy-driven functions.

Among the appointees, Jide-Samuel Avbasowamen will head the Information Technology Department, while Abdullahi Hamisu takes charge of the Banking Services Department. Ojumu Adenike has been appointed as the Director of the Medical Services Department, and Makinde Olanrewaju will oversee the Procurement and Support Services Department.

In the financial sector, Sike Ijeoma has been named Director of Financial Policy and Regulation, Isa-Olatinwo Aisha will lead the Consumer Protection Department, and Oboh Victor Ugbem will take charge of the Monetary Policy Department. Nakorji Musa has been appointed Director of Trade and Exchange, while Yusuf Rakiya will oversee the Payments System Supervision Department. Vincent Modesola will lead the Strategy Management and Innovation Department, with Farouk Muhammad heading the Reserve Management Department.

Akinwunmi Olubukola Akinniyi will assume leadership of the Banking Supervision Department. Solaja Mohammed-Jamiu has been named Director of the Other Financial Institutions Supervision Department (OFISD), and Hassan Umar will oversee the Development and Finance Institutions Supervision Department. Adedeji Adetona has been appointed Director of Currency Operations and Branch Management, while Okpanachi Moses will head the Statistics Department.

The CBN stated that these appointments are part of its broader efforts to enhance operational efficiency and strengthen its mandate in Nigeria’s financial sector.

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