The Central Bank of Nigeria (CBN) has approved the redeployment of its four deputy governors, with the changes taking effect from June 1 as part of efforts to strengthen institutional efficiency and financial sector oversight.
The bank announced the adjustments on its website, noting that the reshuffle aligns with ongoing reforms aimed at enhancing regulatory effectiveness, improving confidence in the financial system, and supporting macroeconomic stability.
Under the new arrangement, Muhammad Abdullahi has been moved from the Economic Policy Directorate to head Corporate Services, where he will oversee administrative and internal support functions of the bank.
Philip Ikeazor has been assigned to lead the Economic Policy Directorate, responsible for guiding monetary policy decisions, economic research, and inflation management strategies.
Emem Usoro has transitioned from Corporate Services to the Operations Directorate, where she will supervise currency management, payment systems, and other day-to-day operational functions.
Lamido Yuguda has been redeployed from Operations to the Financial System Stability Directorate, with responsibility for monitoring banking sector risks and safeguarding overall financial system health.
According to the CBN, the redeployment is intended to leverage the experience of senior officials across key functions and align leadership roles with evolving institutional priorities.
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