The Central Bank of Nigeria (CBN) announced the appointment of 16 directors to head key departments across the institution, effective 3 March 2025. The appointments span departments including banking supervision, consumer protection and payment systems supervision.
The process leading to the appointments was initiated through an internal advertisement circulated in September 2024. The appointments were first reported by TechCabal, citing an internal CBN memo; the CBN did not immediately comment.
KEY NAMES AND GENDER BALANCE
Dr. Olubukola Akinwunmi Akinniyi was named Director of Banking Supervision. Aisha Isa-Olatinwo was appointed Director of Consumer Protection.
More than 35 per cent of the incoming directors are women. Dr. Yusuf Rakiya Opeyemi was named Director of Payment System Supervision, a newly created department split from the Payments System Management Department.
RECAPITALISATION CONTEXT
The sector is engaged in a recapitalisation exercise mandated by the CBN, requiring commercial banks to raise additional equity capital to meet revised minimum thresholds.
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