Former Flutterwave COO, Bode Abifarin To Resume As MoMo PSB CEO – eBusiness Life Magazine

MoMo Payment Service Bank (MoMo PSB) has appointed Bode Abifarin as its Managing Director and Chief Executive Officer, effective September 1, 2026.

Abifarin joins the MTN Nigeria-backed financial services business after more than two decades across consulting, banking, fintech, digital payments and business transformation.

She previously served as Chief Operating Officer of Flutterwave and spent about 15 years at KPMG Nigeria.

Her appointment comes at an important stage for MoMo PSB. MTN Nigeria is restructuring its fintech operations and has secured approval to transfer a 60% stake in MoMo PSB and Y’ello Digital Financial Services to MTN Group. The proposed transaction, valued at ₦95.5 billion, implies about ₦152.06 billion in capital injection into the two businesses. MTN Nigeria will retain a 40% interest under the new structure, subject to regulatory approval.

That restructuring gives Abifarin a new assignment in a business that needs to expand its reach while improving its financial performance. MTN Nigeria said in April that its fintech subsidiaries were loss-making and that the new structure would give the businesses access to further capital from the group.

Abifarin brings experience from one of Africa’s best-known fintech companies. She joined Flutterwave in 2018 after her career at KPMG and became its COO. Flutterwave confirmed her departure in March 2024, describing her as a key part of the company’s operational growth.

At KPMG, Abifarin worked on strategy, customer experience and growth projects for organisations across Africa. She also contributed to the firm’s banking research, including its Africa Banking Industry Customer Satisfaction Survey.

She later founded Strata Advisory, where she has worked with businesses on operations and growth. She has also been active in…