MTN Nigeria’s MoMo Payment Service Bank (MoMo PSB) has appointed Bode Abifarin as its new Managing Director and Chief Executive Officer, effective September 1. Abifarin brings over 23 years o
MTN Nigeria’s MoMo Payment Service Bank (MoMo PSB) has appointed Bode Abifarin as its new Managing Director and Chief Executive Officer, effective September 1.
Abifarin brings over 23 years of experience in financial services, consulting, digital payments, fintech, strategy, operations, and business transformation. She previously served as Chief Operating Officer at Flutterwave, where she played a key role in the company’s strategic expansion into multiple markets, developing scalable operating models, and leading regulatory engagement.
Prior to her time at Flutterwave, Abifarin spent 15 years at KPMG, where she advanced to the position of Associate Director in the firm’s Management Consulting practice. During her tenure at KPMG, she advised financial institutions and organisations across Africa on strategy, transformation, customer experience, and business growth.
Additionally, she founded Strata Advisory, a technology-focused consulting firm that helps businesses scale and achieve sustainable growth.
MTN MoMo Abifarin to focus on financial inclusion at MoMoAbifarin said it was an honour to join MoMo PSB during a pivotal time for digital financial services in Nigeria. She highlighted financial inclusion as a significant opportunity to enhance economic empowerment and broaden access to financial services across the country.
Abifarin committed to collaborating with MoMo PSB’s employees, regulators, partners, and other stakeholders to improve access to innovative, secure, and customer-focused financial solutions.
Serigne Dioum, CEO of MTN Group Fintech, noted that Abifarin’s extensive experience in strategic leadership, operations, and fintech uniquely positions her to guide MoMo PSB into its next phase. Michael Ajukwu, Chairman of the MoMo PSB Board, also emphasised her background in payments, digital transformation, stakeholder engagement, and financial inclusion.
MTN Nigeria building, Ikoyi, Lagos. Image taken on July 6, 2026 and filtered with AI This appointment comes as MTN continues to reshape its fintech operations. In April 2026, MTN Nigeria announced plans to transfer a 60% stake in MoMo PSB and Y’ello Digital Financial Services to MTN Group in a transaction valued at ₦152.06 billion, while MTN Nigeria is expected to retain a 40% stake. Abifarin will officially take the helm of MoMo PSB starting September 1.
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