Adebisi Shonubi Appoints As Acting CBN Governor

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“With Immediate Effect,” statement from SGF office and What to know about the Nigeria’s new number one banker

President Bola Tinubu has approved the appointment of Mr. Folashodun Adebisi Shonubi as the acting Governor of Central Bank of Nigeria.

Platforms Africa reports that this was contained in a statement from the Secretary yo the Government of yhe Federation.

“Mr. Folashodun Adebisi Shonubi is now acting CBN Governor.

“The office of the SGF asked the suspended CBN Governor, Mr Emefiele to hand over to him with immediate effect,” the statement read.

Following the directive suspending Emefiele from office, he has been directed to hand over the affairs of the CBN to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor pending the conclusion of the investigation and the reforms.


Who is the CBN Deputy Governor (Operations Directorate)?

Emefiele is expected to handover to Folashodun Adebisi Shonubi, the Deputy Governor of the apex bank.

Platforms Africa reports that Adebisi Shonubi was appointed by former President Muhammadu Buhari in 2018.

Shonubi was the Managing Director of the Nigeria Inter-Bank Settlement System Plc (NIBSS).

Shonubi holds double Masters Degrees in Business Administration and Mechanical Engineering, from the University of Lagos.

He was Executive Director, Information Technology, and Operations at Union Bank of Nigeria Plc, a member of the Board of Union Homes.

Director, Information Technology and Corporate Services in Renaissance Securities Nigeria limited.

He also had a stint with Citibank Nigeria Limited as its Head, Treasury Operations (1990-1993).

Between 1999 and 2007, he worked in MBC International as Deputy General Manager and supervised their IT operational platforms.

He served in First City Monument Bank Limited (FCMB) as Vice President and in Ecobank Nigeria Limited as Executive Director.

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