New administrator for Nagad appointed

Bangladesh Bank has appointed Md Motasem Billah as the new administrator of mobile financial service (MFS) provider Nagad.

The central bank issued a circular in this regard on Thursday.

Muhammad Badiuzzaman Dider was appointed as Nagad's administrator on August 21 last year amid allegations of irregularities in its operations.

Didar has been transferred to the central bank's headquarters.

He resigned after being injured by an attack by unidentified miscreants on February 12. The attackers also vandalised his vehicle with hammers, causing injuries to his chauffeur.

Motasem Billah, who previously served as director of the Bangladesh Bank's Chattogram office, will be the new administrator of the mobile financial services provider, according to an order issued by the central bank.