The Central Bank of Nigeria (CBN) has appointed 16 new directors to head key departments in its operations.

Their appointments into operations in several policy-driven, regulatory and supervisory capacities take effect from March 3.

The directors are Jide-Samuel Avbasowamen, director of the information technology department; Abdullahi Hamisu, director of the banking services department; Ojumu Adenike, director of the medical services department; and Makinde Olanrewaju, head of the procurement and support services department.

In the financial department, CBN appointed Sike Ijeoma as Director of the Financial Policy and Regulation Department; Isa-Olatinwo Aisha, Director of Consumer Protection Department; and Oboh Victor Ugbem, Director of Monetary Policy Department.

Also, Nakorji Musa will head the trade and exchange department; Yusuf Rakiya will lead the payments system supervision department; Vincent Modesola was appointed to oversee the strategy management and innovation department; Farouk Muhammad is to lead the reserve management department; and Akinwunmi Olubukola Akinniyi takes charge of the banking supervision department.

In addition, Solaja Mohammed-Jamiu will be in charge of the other financial institutions’ supervision department (OFISD); Hassan Umar will lead the development and finance institutions supervision department; and Adedeji Adetona will steer the currency operations and branch management department.

Also, Okpanachi Moses will serve as the head of the statistics department.