Central Bank Of Nigeria Reshuffles Leadership, Appoints 16 New Directors

Central Bank Of Nigeria Reshuffles Leadership, Appoints 16 New Directors

The Central Bank of Nigeria (CBN) has appointed 16 new directors across key departments as part of a major leadership restructuring aimed at strengthening financial oversight, consumer protection, and compliance.

The new appointments cover critical areas such as Monetary Policy, Trade and Exchange, Banking Supervision, and Payment Systems.

One of the most significant changes is the appointment of Dr. Olubukola Akinwunmi Akinniyi as Director of Banking Supervision, a role crucial to ensuring financial institutions align with President Bola Tinubu’s vision of a $1 trillion economy.

Additionally, the Payments System Management Department has been split into two units: one for policy and another for supervision. Yusuf Rakiya Opeyemi has been appointed Director of Payment System Supervision, a move aimed at tightening oversight amid rising fraud concerns.

Aisha Isa-Olatinwo has been named Director of Consumer Protection, a department that has faced criticism for unresolved disputes between banks and customers.

Full List of New CBN Directors

• Mal. Abdullahi Hamisu (Banking Services)
• Dr. OJumu Adenike Olubunmi (Medical Services)
• Mr. Makinde Kayode Olanrewaju (Procurement & Support Services)
• Mrs. Jide-Samuel Omoyemen Avbasowamen (Information Technology)
• Mrs. Sike Rita Ijeoma (Financial Policy and Regulation)
• Dr. Victor Ugbem Oboh (Monetary Policy)
• Mr. Nakorji Musa (Trade and Exchange)
• Dr. Vincent Monsurat Modesola (Strategy Management and Innovation)
• Mr. Farouk Mujtaba Muhammad (Reserve Management)
• Dr. Adetona Sikiru Adedeji (Currency Operations and Branch Management)
• Mr. Hassan Ibrahim Umar (Development and Finance Institutions Supervision)
• Mr. Solaja Mohammed-Jamiu Olayemi (Other Financial Institutions Supervision)
• Dr. Okpanachi Usman Mose (Statistics)

The appointments, effective March 3, 2025, signal a broader transformation at the apex bank, with an emphasis on financial stability, regulatory enforcement, and consumer rights protection.