The Central Bank of Nigeria (CBN) has appointed 16 new directors to key positions, sparking concerns over regional representation. The appointments, effective March 3, 2025, have raised eyebrows, with the Southeast region getting only one slot, Dr. Olubukola Akinwunmi Akinniyi as Director of Banking Supervision
The breakdown is as follows:
– *North*: 3 slots
– *Southeast*: 1 slot (Dr. Olubukola Akinwunmi Akinniyi)
– *South-South*: 1 slot
– *Southwest*: multiple slots, including Dr. Adenike Olubunmi Ojumu (Medical Services) and Mrs. Omoyemen Avbasowamen Jide-Samuel (Information Technology)
The appointments were made through a transparent process overseen by PwC, aiming to eliminate ethnic or religious biases. CBN Governor Olayemi Cardoso’s leadership emphasizes merit-based appointments, aligning with the bank’s 2024-2028 strategy
The Bank Customers Association of Nigeria (BCAN) praises the process, noting the appointees are internal staff familiar with the bank’s strategy
