President Bola Tinubu, on Friday, June 9, appointed the Deputy Governor, Operations Directorate, Central Bank of Nigeria (CBN), Folashodun Adebisi Shonubi, as the acting Governor of the apex bank, following the suspension of his principal, Godwin Emefiele.
Tinubu suspended Emefiele as CBN Governor over the ongoing investigation of his office and the planned reforms in the financial sector of the economy.
Emefiele was directed to immediately hand over the affairs of his office to Shonubi, who will act as the CBN Governor pending the conclusion of the investigation and the reforms.
Below are a few things to know about the acting CBN Governor:
Folashodun Adebisi Shonubi was born on March 7, 1962.
Shonubi holds a double Masters Degree in Business Administration and Mechanical Engineering from the University of Lagos (UNILAG).
READ ALSO: DSS arrests Emefiele after suspension as CBN Gov
He began his working experience as a Consultant Engineer at Mek-ind Associates and worked from 1984 to 1989.
From 1989 to 1990, he was a Marketing Executive at Inlaks Computers Limited.
Shonubi also had a stint with Citibank Nigeria Limited as its Head, Treasury Operations (1990-1993).
He joined Agusto & Co. Ltd as a Supervising Consultant from 1993 to 1996 from where he moved to MBC International Limited as Deputy General Manager, Banking Operations & Information Technology from 1999.
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.
He was recruited by Union Bank of Nigeria Limited as an Executive Director, Operations, Technology and Services from September 2009 to April 2012.
He was the Managing Director/CEO in the Nigeria Inter-Bank Settlement System Plc from 2012 to 2018.
Shonubi was appointed as the Deputy Governor, Operations of the CBN in October 2018.
He has served on a number of sub-committees of the Bankers’Committee, including the Ethics and Professionalism sub-committee.
He is a resourceful banker with over 30 years professional experience.
On June 9, 2023, he became the Acting Governor of the CBN.
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