Whenever you consider Nigeria’s Central Financial institution (CBN), Governor Olayemi Cardoso involves thoughts. Since taking workplace in September 2023, he has led the CBN’s return to orthodox financial coverage, devaluing the naira and rising rates of interest to tame quickening inflation. Whereas the buck stops at his desk, supporting Cardoso are 4 deputy governors and a cadre of administrators who oversee essential departments on the CBN.
Appointed on the identical day as Cardoso, the 4 deputy governors report on to him. Dr. Bala M. Bello heads the Operations Directorate, making certain the graceful execution of the CBN’s banking features and monetary transactions. Mr. Muhammad Sani Abdullahi leads the Financial Coverage Directorate, formulating financial insurance policies that affect inflation, alternate charges, and financial stability. Mr. Philip Ikeazor oversees the Monetary System Stability Directorate, whereas Ms. Emem Usoro directs the Company Providers Directorate.
Beneath the deputy governors, a gaggle of administrators runs the CBN’s huge operational construction. Their work ensures coverage execution, danger administration, and the financial institution’s general effectiveness. Since Could 2024, the CBN has undergone a restructuring of its key groups and operations affecting over 1,000 staff and over 16 administrators. This checklist outlines the present administrators, deputy administrators, and assistant administrators throughout key departments throughout the CBN.
Dr. Blaise Ijebor, as Director of Threat Administration, identifies and mitigates monetary threats, together with cybersecurity dangers. Lydia I. Alfa, Director of Inner Audit, ensures the integrity of the CBN’s monetary and operational processes. Rashida Jumoke Monguno, Director of the Company Secretariat, facilitates high-level decision-making throughout the establishment.
Jimoh Musa Itopa heads the Funds System Administration Division (PSMD), a vital division answerable for licensing fee switching corporations, regulating agent banks, and overseeing cashless insurance policies and open banking initiatives. He was not too long ago reinstated from the Capability Improvement Division, a unit answerable for coaching CBN employees.
Muhammad Abba, Director of Human Assets, is answerable for shaping the financial institution’s workforce, whereas Rabiu Musa, Director of Finance, oversees the monetary accountability of the establishment. Sirajuddin Kofo Salam-Alada, Director of Authorized Providers, ensures compliance with all related monetary laws.
Aderinola Shonekan, Director of Analysis, supplies data-driven insights that inform the event of financial insurance policies. Dr. Omolara Duke, Director of Monetary Markets, manages the dynamics of Nigeria’s capital and cash markets. Adetona Adedeji, Appearing Director of Banking Supervision, performs a key position in regulating Nigeria’s business banks. Mr. Saad Hamidu, Director of Improvement Finance, drives monetary inclusion and financial growth packages.
Philip Ndanusa Wondi, Assistant Director and Coordinator for the Governors, facilitates govt operations, whereas Dr. Adenike Olubunmi Ojumu is the Deputy Director of Medical Providers. Mr. Ibrahim Umar Hassan is Assistant Director and Head of Technique Administration at Monetary System Technique. Sidi Hakama, Appearing Director of Company Communications, manages the financial institution’s media relations and communications.
Yakubu Bello, Deputy Director of Statistics, supplies financial information. Ladi Raulatu Bala-Keffi, Appearing Director of Financial Coverage, influences key rate of interest choices. Hamisu Abdullahi, Director of Banking Providers, ensures seamless banking operations. Mohammed-Jamiu Solaja Olayemi, Appearing Director of Forex Operations, manages forex circulation. Aisha Isa-Olatinwo, Appearing Director of Department Operations, oversees regional banking infrastructure, whereas Mujtaba Muhammed Farouk is the Director of Reserve Administration.
