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Central bank redeploys, appoints new directors

The Management of the Central Bank of Nigeria (CBN) has announced the redeployment of Mr. Yusuf Philip Yila, a Director with the Bank and the Managing Director, NIRSAL Microfinance Bank (NMFB), to the position of Director, Development Finance Department, with effect from Friday, January 24, 2020.

Yila succeeds Dr. Mudashiru Olaitan who retires from the bank on January 26, 2020, having reached the statutory retirement age.

Born on November 20, 1972, Yila, joined the services of the Central Bank of Nigeria in June 2011 from Oando Plc where he was General Manager Operations for the downstream business. He holds a Bachelors of Engineering Degree in Electrical/Electronics Engineering from the Federal University of Technology, Owerri (FUTO) and is an Alumnus of the prestigious Harvard Business School, Boston. He has also attended several executive courses at Oxford, Harvard Kennedy and Northwestern University. He is married with Children.

Other movements announced by the management include the redeployment of Mr. Kofo Salam-Alada from the Consumer Protection Department to the Legal Services Department as well as the movement of Mr. Samuel Okojere from the Payment System Management to the banking Services Department, to replace Mr. Dipo Fatokun, who retired from the services of the Bank in December 2019.

The CBN Management also approved the appointment of Mr. Clement Buari as Director, Strategy Management Department; Haruna Mustafa, Director, Consumer Protection; Bello Hassan, Director, Other Financial Institutions’ Supervision Department; Dr. Ozoemena Nnaji, Director, Trade and Exchange Department; and Mr. Musa Itopa Jimoh as Director, Payment System Management.

Meanwhile, Mr. Abubakar Abdullahi Kure, has also been appointed Director and Acting Managing Director of the NIRSAL Microfinance Bank.

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