CBN strengthens leadership with 16 new directors across departments

The Central Bank of Nigeria has appointed 16 new directors to head key departments within the Bank, effective March 3, 2025.

The appointments reflect the bank’s commitment to strengthening its operations across various regulatory, supervisory, and policy-driven functions.

The newly appointed directors are Abdullahi Hamisu, who will oversee the banking services department, while Ojumu Adenike Olubunmi, has been named director of the medical services department, Makinde Kayode Olanrewaju will lead the procurement and support services department, and Jide-Samuel Omoyemen Avbasowamen, has been appointed to the information technology department.

Other key appointments include Sike Rita Ijeoma, as director, financial policy and regulation department, Isa-Olatinwo Aisha A., director, consumer protection department, and Oboh Victor Ugbem, appointed as director, monetary policy department. Nakorji Musa, will head the tade and exchange department, while Yusuf Rakiya Opemi, assumes leadership of the payments system supervision department.

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Also, Vincent Monsurat Modesola, will oversee the strategy management and innovation department, Farouk Mujtaba Muhammad, will lead the reserve management department, and Akinwunmi Olubukola Akinniyi, takes charge of the banking supervision department.

In the currency and financial supervision space, Adedeji Adetona Sikiru, will direct the currency operations and branch management department, Hassan Ibrahim Umar will head the development and finance institutions supervision department, and Solaja Mohammed-Jamiu Olayemi, will oversee the Other Financial Institutions Supervision Department (OFISD). The statistics department will now be under the leadership of Okpanachi Usman Moses.

Sources close to the Central Bank say, “Of a truth it was a good exercise that threw up the best from among qualified staff. All were Deputy Directors. Expect a merit-based system and a renewed commitment to transparency.”

Hope Moses-Ashike

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.