Afrigather Flutterwave, Africa’s most beneficial startup, has appointed Dipo Fatokun, a former director on the Central Financial institution of Nigeria (CBN), as its new board chairman, as a part of its effort to uphold greater regulatory, compliance, and governance requirements.
Fatokun has in depth expertise as a board member and board chair, having served on greater than 5 boards within the final decade. He’s the chair of United Capital’s audit and governance board.
Throughout his time at CBN, he led initiatives such because the Cashless Nigeria Initiative, the Financial institution Verification Quantity (BVN) undertaking, and the Treasury Single Account (TSA) for the Federal Authorities. He additionally led efforts to automate overseas foreign money funds for the Central Financial institution’s inside and exterior clients.
The fintech has additionally appointed Tosin Faniro-Dada, a associate at Breega, an early-stage VC fund in Europe and Africa, as an impartial non-executive director.
“As an organization, we’ve gone by completely different organisational modifications in our development journey, however one factor stays steadfast – our dedication to sustaining the very best regulatory and operational requirements,” mentioned Olugbenga Agboola, the CEO and Founding father of Flutterwave.
Their appointments come three months after Flutterwave appointed five new executives throughout its danger, compliance, and enlargement departments. Two weeks in the past, Flutterwave additionally added a brand new board member, Nigerian architect Olajumoke Adenowo, as a part of its efforts to drive its worldwide enlargement technique.
“The corporate performs an important position within the fintech ecosystem throughout Africa. I’m wanting ahead to supporting the corporate’s purpose of being a mannequin fintech firm that advances fee improvements whereas upholding the very best regulatory and compliance requirements,” Fatokun mentioned in an announcement.
