The Central Bank of Nigeria (CBN) appointed 16 directors to enhance operations across key departments. The move aims to improve policy, regulatory, and supervisory functions, ensuring economic stability and innovation. New leaders include heads of IT, banking services, monetary policy, and consumer protection, effective March 3, 2025.
The Central Bank of Nigeria (CBN) has announced the appointment of 16 new directors to lead various departments, effective March 3, 2025. This strategic move aims to enhance the bank’s operational efficiency across policy, regulatory, and supervisory functions. The newly appointed directors include Jide-Samuel Avbasowamen (Information Technology), Abdullahi Hamisu (Banking Services), Ojumu Adenike (Medical Services), and Makinde Olanrewaju (Procurement and Support Services).
Other key appointments include Sike Ijeoma (Financial Policy and Regulation), Isa-Olatinwo Aisha (Consumer Protection), and Oboh Victor Ugbem (Monetary Policy). Additionally, Nakorji Musa (Trade and Exchange), Yusuf Rakiya (Payments System Supervision), and Farouk Muhammad (Reserve Management) were named to pivotal roles. The CBN emphasized that these appointments are part of efforts to strengthen its capacity to manage Nigeria’s financial systems effectively. The restructuring reflects the bank’s commitment to innovation, strategy, and improved service delivery in line with its mandate to ensure economic stability.
