CBN appoints 16 new directors in key departments [FULL LIST]

The Central Bank of Nigeria (CBN) has appointed 16 new directors to head critical departments, effective from March 3, 2025.

A source told The Witness that the appointments are part of the bank’s efforts to strengthen its operations in various policy-driven, regulatory, and supervisory functions.

Jide-Samuel Avbasowamen has been appointed the Director of the Information Technology Department, while Abdullahi Hamisu will head the Banking Services Department. Ojumu Adenike takes charge of the Medical Services Department, and Makinde Olanrewaju is appointed the Director of the Procurement and Support Services Department.

In the financial sector, Sike Ijeoma has been named Director of the Financial Policy and Regulation Department, and Isa-Olatinwo Aisha will oversee the Consumer Protection Department. Oboh Victor Ugbem has been appointed as the Director of the Monetary Policy Department.

Nakorji Musa will now lead the Trade and Exchange Department, and Yusuf Rakiya has been appointed the Director of the Payments System Supervision Department. Vincent Modesola will head the Strategy Management and Innovation Department, while Farouk Muhammad will lead the Reserve Management Department. Akinwunmi Olubukola Akinniyi is now the Director of the Banking Supervision Department.

Additionally, Solaja Mohammed-Jamiu will oversee the Other Financial Institutions Supervision Department, and Hassan Umar is now in charge of the Development and Finance Institutions Supervision Department. Adedeji Adetona will lead the Currency Operations and Branch Management Department, and Okpanachi Moses has been appointed the Director of the Statistics Department.

These appointments are expected to bolster the CBN’s capacity to regulate and supervise the financial sector, enhancing operational efficiency and stability.