In a sweeping reorganization at the Central Bank of Nigeria (CBN), sixteen directors have been relieved of their duties and replaced with new appointees across critical departments. The shake-up, aimed at repositioning the apex bank for improved performance and transparency, follows recent reforms under the current CBN leadership.
Sacked Directors and Their States of Origin:
- Hassan Mahmud – Director, Monetary Policy (Niger State)
- Ozoemena Nnaji – Director, Trade & Exchange (Enugu State)
- Rakiya Mohammed – Director, Information Technology (Jigawa State)
- Yila Yusuf – Director, Development Finance (Gombe State)
- Nkiru Asiegbu – Director, FSS (Imo State)
- Sam Okejere – Director, Banking (Delta State)
- Amina Habib – Director, Human Resources (Jigawa State)
- Stanley Arinze – Director, Procurement (Rivers State)
- Mustapha Haruna – Director, Banking Supervision (Niger State)
- Maureen Chukwuma – Director, Medical Services (Anambra State)
- Chibuzor Efobi – Director, Payments (Abia State)
- Chibuike Efobi – Director, OFIS (Anambra State)
- Elizabeth Kwage – Director, Currency (Adamawa State)
- Joseph Omaikwu – Director, Governor’s Office (Delta State)
- Isah – Director, Communications (Kogi State)
- Eze Paulinus – Director, Security (Ebonyi State)
Newly Appointed Directors:
- Dr. Olubukola Akinwunmi Akinniyi – Director, Banking Supervision
- Yusuf Rakiya Opeyemi – Director, Payment System Supervision
- Aisha Isa-Olatinwo – Director, Consumer Protection
- Abdullahi Hamisu – Director, Banking Services
- Dr. OJumu Adenike Olubunmi – Director, Medical Services
- Mr. Makinde Kayode Olanrewaju – Director, Procurement & Support Services
- Mrs. Jide-Samuel Omoyemen Avbasowamen – Director, Information Technology
- Mrs. Sike Rita Ijeoma – Director, Financial Policy and Regulation
- Dr. Victor Ugbem Oboh – Director, Monetary Policy
- Mr. Nakorji Musa – Director, Trade and Exchange
- Dr. Vincent Monsurat Modesola – Director, Strategy Management and Innovation
- Mr. Farouk Mujtaba Muhammad – Director, Reserve Management
- Dr. Adetona Sikiru Adedeji – Director, Currency Operations and Branch Management
- Mr. Hassan Ibrahim Umar – Director, Development and Finance Institutions Supervision
- Mr. Solaja Mohammed-Jamiu Olayemi – Director, Other Financial Institutions Supervision
- Dr. Okpanachi Usman Mose – Director, Statistics
The CBN has yet to issue an official statement detailing the reasons for the mass dismissal, but sources within the apex bank suggest that the changes are part of a broader effort to sanitize operations and ensure alignment with new policy directions under current economic pressures.
Observers believe the shake-up is also connected to the Central Bank's commitment to restore credibility and efficiency, especially amid ongoing scrutiny of past financial practices and policy inconsistencies.
