RismadarVoice Reporters
June 1, 2026
The Central Bank of Nigeria (CBN) has approved the redeployment of its Deputy Governors, with the changes taking effect from June 1, 2026, as part of an internal restructuring aimed at strengthening operational efficiency and policy coordination.
The new appointments and portfolio adjustments have been reflected on the apex bank’s official website, confirming the reassignment of responsibilities among members of its top management team.
Under the new arrangement, Dr Muhammad Sani Abdullahi, who previously served as Deputy Governor, Economic Policy, has been redeployed to oversee the Corporate Services Directorate.
In a corresponding move, Mr Philip Chukwuemeka Ikeazor has been reassigned to head the Economic Policy Directorate, placing him at the centre of the bank’s monetary and economic policy formulation activities.
Also affected by the reshuffle is Ms Emem Nnana Usoro, who formerly served as Deputy Governor, Corporate Services. She has now been redeployed to the Operations Directorate, where she will coordinate the bank’s operational functions as Deputy Governor.
Similarly, Mr Lamido Abubakar Yuguda, who previously oversaw the Operations Directorate, has been reassigned to serve as Deputy Governor, Financial System Stability, a critical division responsible for safeguarding the resilience and soundness of Nigeria’s financial system.
The redeployment represents one of the most significant management adjustments at the apex bank since the current leadership team was constituted and is expected to enhance institutional effectiveness across the bank’s core mandates.
While the CBN has not provided detailed reasons for the changes, such redeployments are traditionally undertaken to align expertise with strategic priorities and strengthen the execution of the bank’s regulatory, operational, and policy objectives.
The development comes at a time when the apex bank continues to implement measures aimed at maintaining price stability, strengthening the financial sector, and supporting sustainable economic growth.
