• Business - Economy
  • Updated: June 10, 2023

Folasodun Shonubi: Things To Know About Acting CBN Governor

Folasodun Shonubi: Things To Know About Acting CBN Governor

Folasodun Shonubi, CBN acting governor

Folasodun Shonubi has been appointed as the new acting governor of the Central Bank of Nigeria.

This development comes after the suspension of Godwin Emefiele as CBN governor due to an ongoing investigation of his office and the planned reforms in the economy’s financial sector.

This was made known in a statement by Willie Bassey, Director of Information at the office of the Secretary to the Government of the Federation.

Below are five things to know about the Shonubi, who has now taken over as CBN's acting governor.

1. Shonubi has been the Deputy Governor (Operations Directorate) of the Central Bank of Nigeria since October 17, 2018.

2. Prior to his appointment as the Deputy Governor in the Central Bank of Nigeria, he was the Managing Director/CEO of the Nigeria Inter-Bank Settlement System PLC from 2012 to 2018.

3. Before his appointment as the CBN deputy governor, he was the Executive Director, Information Technology and Operations at Union Bank of Nigeria Plc.

He was also a member of the Board of Union Homes and Director, Information Technology and Corporate Services at Renaissance Securities Nigeria Limited, with responsibility for the Group’s IT infrastructure in Africa.

4. Shonubi holds a Master’s in Business Administration from the University of Lagos.

He also holds another Master’s degree in Mechanical Engineering from the same institution.

5. He is a banker with over 30 years of professional experience.

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