By Mo. Hanif
In a bold move aimed at revitalizing its regulatory and supervisory framework, the Central Bank of Nigeria (CBN) has announced a major leadership reshuffle, appointing 16 new directors to head key departments. The appointments, which took effect on March 3, 2025, signal a renewed push for efficiency and stability within the apex bank.
Among the newly appointed directors are Jide-Samuel Avbasowamen (Information Technology), Abdullahi Hamisu (Banking Services), Ojumu Adenike (Medical Services), and Makinde Olanrewaju (Procurement and Support Services). Others include Sike Ijeoma (Financial Policy and Regulation), Aisha Isa-Olatinwo (Consumer Protection), Oboh Victor Ugbem (Monetary Policy), and Nakorji Musa (Trade and Exchange).
Also taking charge are Yusuf Rakiya (Payments System Supervision), Vincent Modesola (Strategy Management and Innovation), Farouk Muhammad (Reserve Management), and Akinwunmi Olubukola Akinniyi (Banking Supervision). The reshuffle further extends to Solaja Mohammed-Jamiu (Other Financial Institutions’ Supervision), Hassan Umar (Development and Finance Institutions Supervision), Adedeji Adetona (Currency Operations and Branch Management), and Okpanachi Moses (Statistics).
With this sweeping overhaul, the CBN is expected to strengthen its oversight functions, ensure robust monetary policies, and reinforce public confidence in Nigeria’s financial system. The development comes at a time when the banking sector is facing critical economic challenges, and stakeholders will be watching closely to see how these new appointments impact the financial landscape.