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HomeBusinessMeet New Acting CBN Gov. Folashodun Shonubi 

Meet New Acting CBN Gov. Folashodun Shonubi 

Meet New Acting CBN Gov. Folashodun Shonubi 

Meet New Acting CBN Gov. Folashodun Shonubi

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Shonubi’s appointment followed the suspension of Godwin Emefiele as the CBN Governor on Friday.

Until his appointment, he was the Deputy Governor of, the Operations Directorate.

Bayo Onanuga, a media aide to Tinubu disclosed this in a post via his Twitter handle on Friday.

He wrote, “Folashodun Adebisi Shonubi is the CBN acting governor. He has been since October 2018, the Deputy Governor, Operations Directorate. He was born on the 7th of March, 1962. He attended the University of Lagos from 1978 to 1983 and obtained a Bachelor of Science in Mechanical Engineering. He also represents the CBN on the board of FIRS”.

Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor pending the conclusion of the investigation and the reforms.

Before he was appointed acting head of CBN, Shonubi occupied the position of Deputy Governor in the Operations Directorate. He assumed the position in June 2018 after the approval of former president Muhammadu Buhari. He brings his wealth of experience and expertise to the role, having held positions such as the Managing Director and CEO of the Nigeria Inter-Bank Settlement System PLC, where he played a key role in developing the Bank Verification Number (BVN).

Shonubi is an accomplished professional, holding double Master’s degrees in Business Administration and Mechanical Engineering from the prestigious University of Lagos. His educational background reflects a multidisciplinary approach to problem-solving, which has undoubtedly contributed to his success in the banking sector for over 30 years.



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