The Central Bank of Nigeria (CBN) has appointed 16 new directors across various departments in a significant leadership restructuring. The changes affect key areas such as Monetary Policy, Banking Supervision, Trade and Exchange, Consumer Protection, and Payment Systems.
This announcement comes as regulators increase oversight on banks and financial technology firms. It also aligns with the final phase of the banking sector recapitalization exercise, aimed at strengthening the financial system.
A source within the CBN stated, “The very best were selected as such, no one will complain about the process because they all were appointed from within the system.”
One of the most notable appointments is Dr. Olubukola Akinwunmi Akinniyi, who now serves as the Director of Banking Supervision. His role is critical as financial institutions prepare to support President Bola Tinubu’s vision of a $1 trillion economy.
The CBN has also restructured its Payment Systems Management Department, splitting it into two units—one focusing on policy and the other on supervision. Yusuf Rakiya Opeyemi has been named Director of the new Payment System Supervision Department, reflecting efforts to curb financial fraud and improve regulatory oversight.
Below is the full list;
Full List of Newly Appointed CBN Directors and Their Roles:
- Yusuf Rakiya Opeyemi – Director, Payment System Supervision Department
- Aisha Isa-Olatinwo – Director, Consumer Protection
- Mal. Abdullahi Hamisu – Director, Banking Services
- Dr. OJumu Adenike Olubunmi – Director, Medical Services
- Mr. Makinde Kayode Olanrewaju – Director, Procurement & Support Services
- Mrs. Jide-Samuel Omoyemen Avbasowamen – Director, Information Technology
- Mrs. Sike Rita Ijeoma – Director, Financial Policy and Regulation
- Dr. Victor Ugbem Oboh – Director, Monetary Policy
- Mr. Nakorji Musa – Director, Trade and Exchange
- Dr. Vincent Monsurat Modesola – Director, Strategy Management and Innovation
- Mr. Farouk Mujtaba Muhammad – Director, Reserve Management
- Dr. Adetona Sikiru Adedeji – Director, Currency Operations and Branch Management
- Mr. Hassan Ibrahim Umar – Director, Development and Finance Institutions Supervision
- Mr. Solaja Mohammed-Jamiu Olayemi – Director, Other Financial Institutions Supervision
- Dr. Okpanachi Usman Mose – Director, Statistics
