Flutterwave Appoints Former Central Bank of Nigeria Director as Chairman

by Fintechnews Africa
15 March 2024

Flutterwave has announced the appointment of Dipo Fatokun as the new Chairman of Flutterwave Technologies Solutions Limited.

He brings a comprehensive regulatory understanding and supervisory experience to solidify Flutterwave’s dedication to upholding the highest regulatory, compliance, and governance standards.

Mr Fatokun’s over 30 years of experience covers multiple competencies in banking services, finance, strategy, advisory, leadership, and management in both the public and private sectors. As a Director at CBN, oversaw key initiatives such as the Cashless Nigeria Initiative, the Bank Verification Number project, and the Treasury Single Account (TSA) for the Federal Government and automating the foreign currency payments for the Central Bank’s internal and external customers. His expertise will enhance Flutterwave’s commitment to the ecosystem’s best practices as the company moves ahead on its next growth journey.

Tosin Faniro-Dada

Also joining the board is Tosin Faniro-Dada, a distinguished ecosystem builder and investor empowering tech founders across Africa, as an Independent Non-Executive Director. She brings more than 17 years of experience in finance, specializing in corporate banking and investment management.

Olugbenga GB Agboola

Welcoming the new board chair, and the non-executive director, Olugbenga “GB” Agboola, CEO and Founder of Flutterwave, said:

“As a company, we’ve gone through different organizational changes in our growth journey, but one thing remains steadfast – our commitment to maintaining the highest regulatory and operational standards. I am particularly excited to welcome Dipo Fatokun and Tosin Faniro-Dada to Flutterwave. Their combined experience and expertise will be invaluable as we continue supporting the creation of a well-regulated ecosystem and conducive environment for tech companies to thrive.”

Mr Fatokun has been a member and chairman on more than 5 boards in the last decade. Presently, he chairs the Board Audit and Governance Committee of United Capital Plc. Additionally, he serves as the managing partner at Jasfolim Consulting, contributing to transforming Nigeria’s payment system via advisory services for public and private companies.

Commenting on the appointment, Dipo Fatokun stated:

“I am pleased to be appointed as the new Chairman of Flutterwave Technologies Solutions Limited. The company plays a vital role in the fintech ecosystem across Africa. I’m looking forward to supporting the company’s goal of being a model fintech company that advances payment innovations while upholding the highest regulatory and compliance standards.”