President Bola Ahmed Tinubu on Friday ordered Mr. Folashodun Adebisi Shonubi to act as the governor of the Central Bank of Nigeria, CBN, following the suspension of Godwin Emefiele.
The Secretary to the Government of the Federation (SGF), Sen. George Akume, who made this known in a statement, said this is sequel to the ongoing investigation of the CBN boss office and the planned reforms in the financial sector of the economy.
“Mr Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), who will act as the CBN Governor, pending the conclusion of investigation and the reforms,” he said
Until the announcement, Shonubi was the Deputy Governor, Operations Directorate of the apex bank.
Shonubi holds double Masters Degree respectively in Business Administration and Mechanical Engineering, from University of Lagos. He is a resourceful banker with over 30 year’ s professional experience.
Prior to his appointment as Deputy Governor in the Central Bank of Nigeria, he was the Managing Director/CEO in the Nigeria Inter-Bank Settlement System PLC from 2012 – 2018.
Prior to his appointment as the Managing Director NIBSS PLC, Mr. Shonubi was Executive Director, Information Technology and Operations at Union Bank of Nigeria Plc; a member of the Board of Union Homes and Director, Information Technology and Corporate Services in Renaissance Securities Nigeria limited, with responsibility for the Group’ s IT infrastructure in Africa
Between 1999 and 2007, he worked in MBC International as Deputy General Manager and supervised their IT operational platforms, served in First City Monument Bank Limited as Vice President and in Ecobank Nigeria Limited as Executive Director.
Mr. Shonubi also had a stint with Citibank Nigeria Limited as its Head, Treasury Operations (1990-1993).
He has served on a number of sub-committees of the Bankers’Committee, including the Ethics and Professionalism sub-committee.
