New Leadership for Mobile Financial Services in Nigeria

MTN Nigeria has appointed Bode Abifarin as the new Managing Director and Chief Executive Officer of its MoMo Payment Service Bank (PSB), effective September 1, 2026. This marks a significant leadership change at a pivotal time for digital financial services in the country.

Extensive Experience in Fintech and Financial Services

Abifarin brings over two decades of experience to this role, with expertise spanning financial consulting, digital payments, fintech strategy, operations, and business transformation. Before joining MTN, she served as COO at Flutterwave, where she oversaw critical strategic expansions across multiple markets and led regulatory engagements.

Prior to Flutterwave, Abifarin spent 15 years at KPMG, rising to Associate Director in their Management Consulting practice. She advised numerous financial institutions across Africa on growth strategies, customer experience improvements, and digital transformation initiatives. Additionally, she founded Strata Advisory, a technology consulting firm focused on helping businesses scale sustainably.

Focus on Financial Inclusion

In her inaugural statement, Abifarin expressed excitement about the opportunity to lead MoMo PSB during this period of rapid growth in Nigeria’s fintech sector. She emphasized financial inclusion as a key priority, aiming to expand access to secure and customer-focused digital financial solutions for all Nigerians.

Serigne Dioum, CEO of MTN Group Fintech, highlighted Abifarin’s unique qualifications for the role, noting her proven track record in strategic leadership and operational excellence within the fintech space. The MoMo PSB Board Chairman, Michael Ajukwu, also emphasized her experience in payments innovation, regulatory engagement, and stakeholder collaboration.

Part of MTN’s Fintech Evolution

This appointment comes as MTN continues to restructure its financial services operations. In April 2026, the company announced plans to transfer a 60% stake in MoMo PSB to MTN Group in a deal valued at ₦152.06 billion, while retaining a 40% ownership position.