Meet the New CBN Acting Governor, Folashodun Adebisi Shonubi

Who is the New CBN Governor about r who is Folashodun Adebisi Shonubi
Folashodun Adebisi Shonubi
Following the suspension of the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, President Bola Ahmed Tinubu has approved the appointment of one of the four deputy Governors in the apex bank, Folashodun Adebisi Shonubi as the Acting Governor of the Central Bank of Nigeria.

Before his appointment, Shonubi was a Deputy Governor in the Central Bank of Nigeria alongside other three deputies Aishah Ahmed, Edward Adamu, and Kingsley Obiora.

The appointment of Shonubi goes by the Constitutional provisions that one of the deputy Governors of the apex bank should take charge, any time a service Governor is relieved or unable to discharge his duties pending the expiration of his tenure. It is important to recall that Emefiele's tenure expires in May 2024.

Shonubi, the new acting CBN governor assumed the position of Operations Directorate in the CBN on October 17, 2018.

Shonubi who was born on March 7, 1962, attended the University of Lagos between 1978 and 1983, where he bagged a B.Sc Degree in Mechanical Engineering after which he proceeded for his M.Sc degree in the same field at the same university.

After working as a consultant engineer at Mek-ind Associates from 1984 to 1989, he changed his line of education and profession by studying for an MBA with a focus on finance.

With an MBA in his hands, he moved into the IT industry which would later shape his career.

He was the marketing executive at Inlaks Computers Ltd from 1989 to 1990 and took a giant leap when he was appointed head of treasury operations at Citibank Nigeria Ltd in 1990.

In 1993, he moved to Agusto & Co. Ltd as a supervising consultant, working there for three years before joining MBC International Ltd as deputy general manager, of banking operations and IT.

In 1999, he was on the move yet again, taking up the position of Vice-President, Operations and Information Technology at the First City Monument Bank (FCMB) Ltd.

He left FCMB in 2003 for Ecobank Nigeria Plc, where he became Executive Director, Operations and Information Technology.

Shonubi was also Director, of Information Technology and Corporate Services at Renaissance Securities Nigeria Ltd as well as Executive Director, Operations, Technology, and Services at Union Bank of Nigeria Ltd from 2009 to 2012.

Before he was appointed to CBN in October 2018 by President Muhammadu Buhari, he was MD/CEO of the Nigeria Inter-Bank Settlement System (NIBSS).

Shonubi was appointed Acting Governor of the Central Bank of Nigeria following the suspension of Godwin Emefiele as the Governor of the Nigerian apex bank on Friday, June 9th, 2023.

Category: World-News
Tag: Who is the New CBN Governor about r who is Folashodun Adebisi Shonubi
Written by Omooba Alekuwodo (omoobaalekuwodo)
Published 6/10/2023 8:44:31 AM

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