The Central Bank of Nigeria (CBN) has appointed 16 new directors to head various departments, according to internal documents.
Although the appointments have yet to be formally announced through the bank’s official channels, sources within the institution confirm that the new directors have assumed office.
The reshuffle affects critical departments such as financial regulation, banking supervision, monetary policy, and consumer protection.
Sources at the CBN indicated that the selection process for these appointments was more rigorous than previous exercises, with a focus on merit. The appointments, which took effect on 3 March, come nearly nine months after the previous directors were relieved of their positions.
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According to the CBN, this exercise marked a departure from past practices, with the services of global consultancy firm PricewaterhouseCoopers (PwC) engaged to ensure a fair and unbiased selection process.
The new appointments include significant gender representation, with over 35 per cent of the appointees being women. Notable women in the new director roles include Dr. Rakiya Yusuf (Payment System Supervision Department), Dr. Adenike Olubunmi Ojumu (Medical Services Department), and Dr. Aisha Isa-Olatinwo (Consumer Protection Department).
Other female appointees include Mrs. Rita Ijeoma Sike (Financial Policy and Regulation Department), Mrs. Monsurat Vincent (Strategy Management and Innovation Department), and Mrs. Omoyemen Avbasowamen Jide-Samuel (Information Technology Department).
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Additional appointments include Mr. Hamisu Abdullahi (Banking Services Department), Dr. Usman Moses Okpanachi (Statistics Department), Dr. Obom Victor Ugbem (Monetary Policy Department), and Mr. Farouk Mujtaba Muhammad (Reserve Management Department).
Dr. Adetona Sikiru Adedeji, previously the acting Director of Banking Supervision, has been appointed as the substantive Director of Currency Operation and Branch Management, while Mr. Mohammed-Jamiu Olayemi Solaja now leads the Other Financial Institutions Supervision Department.
Other new directors include Mr. Musa Nakorji (Trade and Exchange Department), Mr. Kayode Olarewaju Makinde (Procurement and Support Services Department), Mr. Ibrahim Hassan (Development Finance Institutions Supervision Department), and Dr. Olubukola Akinniyi Akinwunmi (Banking Supervision Department).
The appointments also include key positions such as Mrs. Rashida Jumoke Mongonu as Secretary and Director of Corporate Secretariat, Mr. Kofo Salam-Alada as Legal Adviser and Director of Legal, Mr. Muhammad Abba as Director of Human Resources, and Dr. Blaise Ijebor as Director of Risk Management.
Additionally, Dr. Omolara Duke (Financial Markets), Aderinola Shonekan (Research), Mrs. Lydia Ifeanyichukwu Alfa (Internal Audit), Mr. Musa Itopa Jimoh (Payments System), and Mr. Musa Rabiu (Finance) were also appointed to the bank’s directorate.
These appointments reflect the bank’s strategic goals and commitment to driving its agenda for sustainable growth and development in Nigeria’s financial sector.
