President Bola Ahmed Tinubu has appointed Mr Folashodun Adebisi Shonubi as acting Governor. following the suspension of Godwin Emefiele as Central Bank of Nigeria (CBN) governor,
Shonubi will superintend the affairs of the apex bank until the investigation of Emefiele is concluded, or a substantive governor appointed.
Shonubi,.was born on the 7th of March, 1962, He attended the University of Lagos from 1978 to 1983 where he obtained a Bachelor of Science degree in Mechanical Engineering.
He further obtained a Master of Science in Mechanical Engineering in 1985 with specialisation in Production Engineering from the same University. He later moved over to Finance and obtained a Masters’ in Business Administration between 1988 and 1989.
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 had his stint in banking when worked at Citibank Nigeria Limited as Head, Treasury Operations from 1990 to 1993. After working with Agusto & Co. Ltd as a Supervising Consultant from 1993 to 1996, he moved to MBC International Limited where he served as Deputy General Manager, Banking Operations and Information Technology.
In 1999, he joined First City Monument Bank (FCMB) Limited as Vice-President, Operations & Information Technology and was there till 2002.
Between 2003 and 2012, Shonubi worked in Ecobank Nigeria Plc as an Executive Director, Operations and Information Technology; Director, Information Technology and Corporate Services; Renaissance Securities Nigeria Limited( 2007); Executive Director, Operations, Technology.
Prior to his appointment as Deputy Governor in the Central Bank of Nigeria, Shonubi was the Managing Director/Chief Executive Officer of the Nigeria Inter-Bank Settlement System from May 2012 to October 2018 where he had a distinguished career in reconfiguring the landscape of Nigeria’s e-payment system.
Having been in the system and representing the CBN governor on the Board of the Federal Inland Revenue (FIRS), observers believe that the newly appointed acting CBN governor will deliver as the nation awaits the storm in the financial services to settle.
