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Folasodun Abiodun Shonubi: 8 Things To Know About The Acting CBN Governor



Mr. Godwin Emefiele has been suspended from his role as the Governor of the Central Bank of Nigeria by President Bola Tinubu.

His suspension was announced by the Office of the Secretary to the Government of the Federation.

Willie Bassey, the SGF office’s Director of Information, stated in a statement on Friday that the suspension is with immediate effect.

Folasodun Abiodun Shonubi, the Deputy Governor (Operations Directorate) has been instructed to take over the running of the office from the suspended Emefiele with immediate effect.

Here are 8 Things To Know About The Acting Central Bank Governor




  1. Folasodun Abiodun Shonubi is a banker with over 30 years professional experience.
  2. Shonubi holds double Masters Degree respectively in Business Administration and Mechanical Engineering, from University of Lagos.
  3. Prior to his appointment as Deputy Governor in the Central Bank of Nigeria, he was the Managing Director/CEO in the Nigeria Inter-Bank Settlement System PLC from 2012 – 2018.
  4. Prior to his appointment as the Managing Director NIBSS PLC, Mr. Shonubi was Executive Director, Information Technology and Operations at Union Bank of Nigeria Plc; a member of the Board of Union Homes and Director, Information Technology and Corporate Services in Renaissance Securities Nigeria limited, with responsibility for the Group’ s IT infrastructure in Africa
  5. Between 1999 and 2007, he worked in MBC International as Deputy General Manager and supervised their IT operational platforms, served in First City Monument Bank Limited as Vice President and in Ecobank Nigeria Limited as Executive Director.
  6. Shonubi also had a stint with Citibank Nigeria Limited as its Head, Treasury Operations (1990-1993).
  7. He has served on a number of sub-committees of the Bankers’Committee, including the Ethics and Professionalism sub-committee.
  8. Shonubi has been serving as the Deputy Governor of Central Bank Of Nigeria (Operations Directorate) since October 17, 2018 – to date.