The Central Bank of Nigeria (CBN) has announced the appointment of 16 new directors to head crucial departments, effective March 3, 2025. This strategic move aims to fortify the bank’s operational efficiency across regulatory, supervisory, and policy-making domains.
The newly appointed directors bring a wealth of experience and expertise, signaling the CBN’s commitment to robust financial management and regulatory oversight.
Key Appointments and Profiles:
- Aisha Isa-Olatinwo, Director, Consumer Protection Department: Previously acting director of Branch Operations, Isa-Olatinwo emphasizes the CBN’s dedication to stringent oversight of Deposit Money Banks (DMBs) and regulatory compliance.
- Mallam Abdullahi Hamisu, Director, Banking Services: Hamisu, formerly coordinator of banking services, will oversee seamless banking operations nationwide.
- Ojumu Adenike Olubunmi, Director, Medical Services Department: A seasoned medical doctor with over 26 years of experience, specializing in family medicine and public health, she holds advanced degrees from the London School of Hygiene & Tropical Medicine and the National Postgraduate College of Nigeria.
- Sike Rita Ijeoma, Director, Financial Policy and Regulation Department: Formerly director of Banking Supervision, Ijeoma’s expertise is expected to enhance financial system stability.
- Oboh Victor Ugbem, Director, Monetary Policy Department: A policy economist with over 20 years of experience in monetary, financial, and agricultural policies.
- Nakorji Musa, Director, Trade and Exchange Department: Bringing extensive experience in economic analysis and previous roles at the CBN.
- Yusuf Rakiya Opemi, Director, Payments System Supervision Department: An expert in corporate governance, auditing, banking, and fintech regulation.
- Makinde Kayode Olanrewaju, Director, Procurement & Support Services Department.
- Vincent Monsurat Modesola, Director, Strategy Management and Innovation Department: With over 20 years of experience in banking and telecoms.
- Farouk Mujtaba Muhammad, Director, Reserve Management Department: Previously coordinator of the Reserve Management Department.
- Akinwunmi Olubukola Akinniyi, Director, Banking Supervision Department: Previously assistant director in the Payments System Management Department, involved in major payment system reforms.
- Adedeji Adetona Sikiru, Director, Currency Operations and Branch Management Department: Formerly acting director of Banking Supervision.
- Hassan Ibrahim Umar, Director, Development and Finance Institutions Supervision Department: Former Coordinator in Banking Supervision.
- Solaja Mohammed-Jamiu Olayemi, Director, Other Financial Institutions Supervision Department: Formerly Coordinator, Currency Operations.
- Okpanachi Usman Moses, Director, Statistics Department.
These appointments underscore the CBN’s commitment to strengthening its leadership and ensuring effective management of Nigeria’s financial sector.
