Former Flutterwave COO Bode Abifarin Named CEO of MTN Nigeria's MoMo PSB
Bode Abifarin, formerly chief operating officer of Flutterwave, has been appointed chief executive of MTN Nigeria's MoMo Payment Service Bank. The hire is seen as a high-profile signal of MTN Nigeria's intent to scale its mobile money operations in Africa's largest market.
MoMo: the hire that says MTN is serious this time
MTN Nigeria's mobile money business has been underperforming — revenue fell 7.2% in the first half of 2026 even as wallet numbers grew, largely because Nigeria's central bank forced it to suspend its lending services.
Bringing in Bode Abifarin — the person who helped Flutterwave navigate exactly those kinds of regulatory battles while scaling across multiple African markets — is a direct answer to that specific problem.
This isn't a ceremonial appointment. It's a signal that MTN knows MoMo's next obstacle isn't technology or distribution. It's rebuilding trust with regulators and turning five million wallets into a business that actually earns.
2 sources
- Former Flutterwave COO Bode Abifarin named new CEO of MTN Nigeria’s MoMo PSB · technext24.com · T2
- MoMo PSB appoints former Flutterwave COO Bode Abifarin as CEO · nairametrics.com · T2