CBN Headquarters Abuja
Central Bank of Nigeria (CBN) overhauled its top leadership on June 1, 2026, redeploying all four Deputy Governors to new directorates in a bid to sharpen monetary policy and boost operational efficiency.
The changes, now updated on the CBN website, rotated the DGs across Economic Policy, Corporate Services, Operations, and Financial System Stability.
Philip Ikeazor moves from Financial System Stability to head Economic Policy. With over 30 years in banking, the ex-UBA, Union Bank, Ecobank & Keystone Bank CEO brings deep regulatory and risk experience to the CBN’s most strategic directorate.
Former DG of Economic Policy Muhammad Sani Abdullahi ‘Dattijo’ is being redeployed to lead Corporate Services. The economist and former Kaduna State budget commissioner has UN and World Bank advisory experience.
Lamido Yuguda switches from Operations to Financial System Stability. The ex-SEC Director-General and MPC member has 30 years in regulation, capital markets, and reserve management. He’s also a CFA charterholder.
Similarly, Emem Nnana Usoro moves from Corporate Services to Operations. The ex-UBA Executive Director and CIBN Fellow built her career across branch operations, credit, and business development.
The reshuffle comes as the CBN pushes reforms to strengthen monetary policy, deepen financial sector stability, and improve internal operations.
Analysts see it as the apex bank matching its deputies’ expertise to pressure points in Africa’s largest economy: policy design, corporate governance, system stability, and day-to-day operations.
All four DGs bring advanced degrees and executive training from institutions like Wharton, Harvard, and Lagos Business School to their new posts.
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