Kelvin Bowoto
Flutterwave, Africa’s most valuable company, has named Dipo Fatokun, a former director at the Central Bank of Nigeria (CBN), as its new board chairman, as part of its efforts to maintain stronger regulatory, compliance, and governance standards.
Fatokun has substantial board member and chair experience, having served on more than five boards during the last decade. He serves as chairman of United Capital’s audit and governance board.
During his tenure at the CBN, he oversaw projects such as the Cashless Nigeria Initiative, the Bank Verification Number (BVN) project, and the Federal Government’s Treasury Single Account (TSA). He also oversaw attempts to automate foreign currency transfers for the Central Bank’s internal and external clients.
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Tosin Faniro-Dada, a partner at Breega, an early-stage venture capital firm in Europe and Africa, has been named as an independent non-executive director.
“As a company, we’ve gone through various organizational changes in our growth journey, but one thing has remained constant: our commitment to maintaining the highest regulatory and operational standards,” stated Olugbenga Agboola, CEO, and Founder of Flutterwave.
Their appointments come three months after Flutterwave hired five new leaders in the risk, compliance, and expansion areas. As part of its attempts to push its worldwide expansion strategy, Flutterwave appointed a new board member, Nigerian architect Olajumoke Adenowo, two weeks ago.
“The company is an important part of the African fintech ecosystem. I’m excited to support the firm’s goal of becoming a model fintech company that advances payment technologies while adhering to the highest regulatory and compliance requirements,” Fatokun said in a statement.
Techrectory with Agency Report.
