The Central Bank of Nigeria (CBN) has made significant changes to its leadership, appointing 16 new directors across various departments. This move is expected to impact banking supervision, monetary policy, fintech regulation, and consumer protection.

Akinwunmi Olubukola Akinniyi will lead the Banking Supervision department, responsible for ensuring banks comply with regulations.

Sike Rita Ijeoma will head the Financial Policy and Regulation department, shaping the rules that guide Nigeria’s financial system.

Isa-Olatinwo Aisha will direct the Consumer Protection department, a crucial role in holding banks accountable for how they treat customers.

The Payments System Supervision Department has been split from Payments System Management to improve oversight, particularly for fintechs facing increased regulatory scrutiny.

Yusuf Rakiya Opeyemi will lead the supervision unit, enforcing compliance across the sector. Other key appointments include Obom Victor Ugbem in Monetary Policy, Farouk Mujtaba Muhammad in Reserve Management, and Vincent Monsurat Modesola in Strategic Management and Innovation.

Solaja Mohammed-Jamiu Olayemi will oversee the supervision of microfinance banks, mortgage banks, and finance companies, while Nakorji Musa will be in charge of Trade and Exchange.

These appointments cement the individuals who will shape Nigeria’s financial landscape, from banking regulations to digital payments, and their decisions will define how businesses operate and how consumers experience the financial system for years to come.