Flutterwave Reshuffles Compliance Leadership to Strengthen Global Scale

 

Flutterwave is tightening its governance structure with a reshuffle of its compliance, risk, legal, and regulatory leadership. The move comes as the African payments giant positions itself for larger global ambitions and heavier scrutiny from regulators.

The company announced a series of leadership shifts designed to bring sharper oversight and alignment across critical control functions:

• Prashant Kalia steps in as Chief Risk & Compliance Officer, consolidating responsibility for risk and compliance at a global level.

• Mobolaji Bammeke, who has led compliance in Nigeria since 2019, now becomes Chief Regulatory & Data Protection Officer, expanding his mandate to cover both regulatory and privacy oversight.

• Oluwabankole Falade takes on the role of Chief Legal, Regulatory, and Public Policy Officer, bringing legal, policy, and regulatory affairs into one portfolio.

• Amaresh Mohan, previously Chief Risk Officer, transitions into a Strategic Advisor role to support both Kalia and CEO Olugbenga Agboola.

Flutterwave says the reshuffle is part of a planned succession strategy and a push to strengthen its compliance infrastructure as it scales.

Why this matters

The payments industry operates under strict regulatory supervision, and companies expanding across multiple jurisdictions face increasing complexity. Flutterwave processes transactions in dozens of markets, each with its own rules for data protection, licensing, fraud prevention, and consumer safety. Any misstep could mean fines, reputational damage, or stalled growth.

By elevating compliance and risk into clearly defined leadership roles, Flutterwave signals to regulators, partners, and investors that it is building for resilience. The addition of a data protection portfolio reflects the growing importance of privacy laws globally, from GDPR in Europe to Nigeria’s NDPR and Kenya’s Data Protection Act.

The bigger picture

Flutterwave has faced both scrutiny and growth pressures in recent years. It has expanded aggressively while also contending with regulatory questions in Kenya and South Africa. Earlier this year, the company reduced staff in those markets, citing restructuring in legal, HR, and compliance. The new leadership setup appears aimed at stabilizing those functions and preparing for long-term scale.

Industry watchers also see this as part of Flutterwave’s path toward an eventual IPO. Investor due diligence and public market readiness often hinge on the strength of a company’s governance, compliance, and regulatory track record.

What to watch next

The success of this reshuffle will depend on execution. Flutterwave will need to demonstrate smoother licensing approvals, fewer regulatory hurdles, and robust data protection practices. It will also need to demonstrate that its compliance culture extends beyond a mere structure, permeating operations across Africa, Europe, and beyond.

For a payments company operating at this scale, leadership reshuffles are not just about titles. They are about securing trust. Flutterwave’s ability to navigate this next phase will define its readiness for global competition.