Lagos, Nigeria – In a strategic move to fortify its governance and amplify its impact, Flutterwave, Africa’s leading payments technology company, has announced the appointments of Dipo Fatokun as Chairman and Tosin Faniro-Dada as an Independent Non-Executive Director to its board.
Dipo Fatokun, a seasoned finance professional with over three decades of experience, brings a wealth of regulatory expertise and supervisory acumen to Flutterwave. During his tenure as a Director at the Central Bank of Nigeria (CBN), Fatokun spearheaded pivotal initiatives such as the Cashless Nigeria Initiative, the Bank Verification Number project, and the Treasury Single Account (TSA) automation, leaving an indelible mark on the nation’s financial landscape.
Expressing his enthusiasm for the new role, Fatokun stated, “Flutterwave plays a crucial role in Africa’s fintech ecosystem. I am honored to support the company’s goal of upholding the highest regulatory and compliance standards while driving payment innovations.”
Joining Fatokun on the board is Tosin Faniro-Dada, a distinguished ecosystem builder and investor renowned for empowering tech founders across Africa. With over 17 years of corporate banking and investment management experience, including a stint at PwC in Boston, Faniro-Dada currently serves as a Partner at Breega, one of Europe and Africa’s fastest-growing early-stage VC funds.
“Flutterwave’s commitment to innovation and transforming the financial landscape aligns perfectly with my passion for driving positive change in Africa,” expressed Faniro-Dada. “I am thrilled to contribute to the company’s strategic initiatives and shape its future success.”
Olugbenga “GB” Agboola, CEO and Founder of Flutterwave, expressed his delight at the appointments, stating, “As we navigate our growth journey, our commitment to maintaining the highest regulatory and operational standards remains unwavering. Dipo Fatokun and Tosin Faniro-Dada’s 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.”
These strategic appointments follow Flutterwave’s recent compliance, regulatory, and risk-focused hires, including Amanda Ortega, a former regulator with the State of Wyoming’s Division of Banking, as Head of Compliance, US. By leveraging the expertise of its new board members and senior hires, Flutterwave reinforces its culture of transparency, integrity, and accountability, positioning itself as a model for the industry.
As Africa’s fintech landscape continues to evolve, Flutterwave’s commitment to fostering a robust and innovative ecosystem remains steadfast, poising the company for continued success and impact across the continent.
