Flutterwave, Africa’s leading startup, has fortified its commitment to regulatory excellence by appointing Dipo Fatokun, a former director at the Central Bank of Nigeria (CBN), as its new board chairman.
Fatokun brings a wealth of experience to his new role, with a distinguished tenure encompassing multiple board memberships over the past decade. He currently serves as the chair of United Capital’s audit and governance board, demonstrating his adeptness in overseeing critical financial and regulatory matters.
During his tenure at the CBN, Fatokun spearheaded several pivotal initiatives, including the Cashless Nigeria Initiative, the Bank Verification Number (BVN) project, and the implementation of the Treasury Single Account (TSA) for the Federal Government.
His leadership was instrumental in modernizing payment systems and enhancing transparency within the financial sector, showing his capability to drive impactful change.
Fatokun expressed his enthusiasm for the opportunity to contribute to Flutterwave’s journey as a trailblazer in the fintech ecosystem.
Flutterwave has also further bolstered its board with the addition of Tosin Faniro-Dada, a seasoned professional and partner at Breega, an esteemed early-stage VC fund operating across Europe and Africa.
Faniro-Dada’s extensive background in venture capital and strategic advisory will provide invaluable insights to Flutterwave as it navigates its expansion trajectory.
Olugbenga Agboola, the CEO and Founder of Flutterwave reaffirmed the company’s unwavering commitment to regulatory excellence, emphasizing the important role it plays in the organization’s growth journey.
He highlighted the importance of maintaining rigorous standards across all operational facets to ensure sustained success and trust among stakeholders. These appointments mark the culmination of a series of strategic initiatives aimed at fortifying Flutterwave’s regulatory framework and governance structure.
Just three months prior, the company onboarded five new executives specializing in risk management, compliance, and expansion strategies to further enhance its capabilities in the financial industry in Nigeria and beyond.