ENUGU, Nigeria (VOICE OF NAIJA) – Following the suspension of Godwin Emefiele as the CBN governor, President Bola Tinubu appointed Folashodun Adebisi Shonubi, the Deputy Governor (operations) as the acting governor of the apex bank.
The President suspended Godwin Emefiele late Friday and directed him to immediately hand over to Shonubi.
There are things you need to know about the acting CBN Governor.
Shonubi is a trained mechanical engineer. He went into marketing, moved into information technology — and became a central banker.
Although the apex bank has four deputy governors, Shonubi was considered above Aishah Ahmed, Edward Adamu, and Kingsley Obiora.
He was born on 7 March, 1962, and attended the University of Lagos, Akoka, from 1978 to 1983, receiving a BSc in mechanical engineering, before studying for an MSc in the same field at the same university.
Shonubi worked 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.
A marketing executive at Inlaks Computers Ltd from 1989 to 1990, Shonubi took a giant leap when he was appointed head of treasury operations at Citibank Nigeria Ltd in 1990.
In 1993, Shonubi moved to Agusto & Co. Ltd as a supervising consultant. He worked there for three years before joining MBC International Ltd as deputy general manager, banking operations and IT.
In 1999, he took up the position of vice-president, operations and information technology at the First City Monument Bank (FCMB) Ltd.
Shonubi left FCMB in 2003 for Ecobank Nigeria Plc, where he became executive director, of operations and information technology.
Also, he was director of information technology and corporate services at Renaissance Securities Nigeria Ltd as well as executive director of operations, technology and services at Union Bank of Nigeria Ltd from 2009 to 2012.
Before his appointment to CBN in October 2018 by President Muhammadu Buhari, he was MD/CEO of the Nigeria Inter-Bank Settlement System (NIBSS).
He remains the chief central banker of Africa’s biggest economy, pending the appointment of a new CBN Governor or likely recall of Emefiele.