The Central Bank of Nigeria (CBN) has appointed 16 new directors effective March 3 to bolster its policy-driven, regulatory, and supervisory functions. The new appointments span several key departments at the apex bank.
In the information technology and support services sectors, Jide-Samuel Avbasowamen has been named director of the Information Technology Department, while Makinde Olanrewaju heads the Procurement and Support Services Department. Abdullahi Hamisu joins as director of the Banking Services Department, and Ojumu Adenike takes charge of the Medical Services Department.
In the financial arena, Sike Ijeoma has been appointed director of the Financial Policy and Regulation Department; Isa-Olatinwo Aisha will lead the Consumer Protection Department; and Oboh Victor Ugbem serves as director of the Monetary Policy Department.
The appointments further extend to specialized sectors with Nakorji Musa set to head the Trade and Exchange Department, and Yusuf Rakiya leading the Payments System Supervision Department. Vincent Modesola has been assigned to oversee the Strategy, Management, and Innovation Department, while Farouk Muhammad takes charge of the Reserve Management Department. Akinwunmi Olubukola Akinniyi is the new head of the Banking Supervision Department.
Additionally, Solaja Mohammed-Jamiu will manage the Other Financial Institutions’ Supervision Department (OFISD), Hassan Umar is to lead the Development and Finance Institutions Supervision Department, and Adedeji Adetona will steer the Currency Operations and Branch Management Department. Okpanachi Moses rounds out the appointments as the new head of the Statistics Department.
These strategic appointments are expected to enhance the CBN’s capacity to implement effective monetary and financial policies, ensuring a robust oversight framework across Nigeria’s banking and financial sectors.
