The Central Bank of Nigeria (CBN) has announced the appointment and redeployment of some directors within its ranks.

In a statement on Thursday, the CBN disclosed that Yusuf Philip Yila, a Director with the bank and Managing Director of NIRSAL Microfinance Bank (NMFB), has been redeployed to the position of Director, Development Finance Department, with effect from January 24, 2020. Yila succeeds Dr. Mudashiru Olaitan, who retires on January 26, 2020.

Born on November 20, 1972, Yila, joined the services of the CBN in June 2011 from Oando Plc where he was General Manager Operations for the downstream business. He holds a Bachelor of Engineering Degree in Electrical/Electronics, from the Federal University of Technology, Owerri (FUTO) and is an Alumnus of the prestigious Harvard Business School, Boston.

Meanwhile, Mr Abubakar Abdullahi Kure has been appointed to replace Mr Yusuf Philip Yila as Acting Managing Director of NIRSAL Microfinance Bank.

However, other redeployments include, Mr Kofo Salam-Alada was redeployed from the Consumer Protection Department to the Legal Services Department; Mr Samuel Okojere from the Payment System Management to the Banking Services Department where he would replace Dipo Fatokun, who retired last December.

Meanwhile, the apex bank also made the following appointments: Clement Buari was appointed 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 was appointed as Director Payment System Management, The Nation reported.