Following the suspension of Godwin Emefiele as governor of the Central Bank of Nigeria, President Bola Tinubu has named Mr. Folashodun Adebisi Shonubi as acting governor.
The SGF’s office requested that the suspended CBN Governor, Mr Emefiele, hand over immediately.
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In June 2018, President Muhammadu Buhari confirmed the nomination of Mr. Folashodun Adebisi Shonubi as Deputy Governor of the Central Bank of Nigeria (CBN), and he commenced his duties on October 17th under the Operations Directorate.
- Adebisi Shonubi’s Biography
Mr. Folashodun Adebisi Shonubi possesses a double Masters Degree from the University of Lagos, in Business Administration and Mechanical Engineering. - From 2012 to 2018, he was the Managing Director/CEO of the Nigeria Inter-Bank Settlement System PLC, prior to his appointment as Deputy Governor of the Central Bank of Nigeria.
- During his stay at NIBSS, he is reported to have been a key architect of the Bank Verification Number (BVN).
- 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 at Renaissance Securities Nigeria Limited, with responsibility for the Group’s IT infrastructure in Africa.
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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.