CBN, Nigeria – In a significant overhaul, the Central Bank of Nigeria (CBN) has appointed 16 new directors to lead key departments, effective March 3, 2025. This strategic move aims to enhance oversight and operational efficiency within the apex bank.
The newly appointed directors and their respective departments are as follows:
Banking Supervision: Akinwunmi Olubukola Akinniyi
Monetary Policy: Dr. Obom Victor Ugbem
Trade and Exchange: Nakorji Musa
Payment System Supervision: Dr. Yusuf Rakiya Opeyemi
Consumer Protection: Dr. Aisha Isa-Olatinwo
Financial Policy and Regulation: Sike Rita Ijeoma
Reserve Management: Farouk Mujtaba Muhammad
Strategic Management and Innovation: Vincent Monsurat Modesola
Supervision of Microfinance, Mortgage Banks, and Finance Companies: Solaja Mohammed-Jamiu Olayemi
Information Technology: Jide-Samuel Omoyemen Avbasowamen
Medical Services: Dr. Ojumu Adenike Olubunmi
Banking Services: Abdullahi Hamisu
Procurement and Support Services: Makinde Kayode Olanrewaju
Currency Operations and Branch Management: Dr. Adedeji Adetona Sikiru
Statistics: Dr. Okpanachi Usman Moses
These appointments come at a time when regulators are intensifying oversight on banks and financial technology firms, coinciding with the final phase of the banking sector recapitalization exercise. The new directors are now tasked with supporting President Bola Ahmed Tinubu’s ambition of building a $1 trillion economy.
By Damilola Adeleke| March 6, 2025
Adeleke Damilola (ACTION) is a versatile content writer with expertise in news writing and a seasoned media professional and broadcast specialist. Currently serving as News Editor for DNews Info, Damilola is also the CEO of the ACTION brand, committed to shaping lives and establishing a legacy of excellence for present and future generations.
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