Shonubi takes over as acting CBN gov

Marcus Amudipe
Marcus Amudipe

 

Kazeem Owoseni

 

Following the suspension of the embattled Governor of the Central Bank of Nigeria, Godwin Emefiele, by the President, Bola Ahmed Tinubu, Folashodun Adebisi Shonubi, has been directed to take over from the governor.

President Tinubu had on Friday, directed that Emefiele should 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.

Shonubi who was appointed by former President Muhammadu Buhari in 2018, was the Managing Director of the Nigeria Inter Inter-Bank Settlement System PLC.

The acting Governor, who holds double Masters’s Degrees in Business Administration and Mechanical Engineering from the University of Lagos, was the Executive Director, Information Technology, and Operations at Union Bank of Nigeria Plc, a member of the Board of Union Homes.

Also, he was the Director, Information Technology and Corporate Services at Renaissance Securities Nigeria Limited.

He worked briefly with Citibank Nigeria Limited as its Head, Treasury Operations (1990-1993). Between 1999 and 2007, he worked at MBC International as Deputy General Manager and supervised their IT operational platforms.

Shonubi also worked with First City Monument Bank Limited as Vice President and with Ecobank Nigeria Limited as Executive Director.

He has over 22 years of professional experience in banking and is a technology-savvy banker.


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