Adebisi Shonubi, Mechanical Engineer Takes Over As Acting CBN Governor

President Bola Ahmed Tinubu of Nigeria has directed the immediate past Governor of Central Bank of Nigeria, CBN, Godwin Emefiele to hand over the affairs of his office to Folashodun Adebisi Shonubi, a mechanical engineer by first degree and the Deputy Governor, Operations in the apex bank.

Willie Bassey, the Director, Information
in the office of the Secretary to the Government of the Federation, in a statement few hours ago indicated that the President suspended the CBN governor from office to enable full scale investigation into the activities surrounding his office as CBN governor and the financial reforms initiated by the governor.

The CBN Deputy Governor now Acting Governor, Folashodun Adebisi Shonubi, according to his biography, was born on the 7th of March, 1962.

The biography as captured in a profile on the Federal Inland Revenue Service, FIRS website indicated that Folashodun Adebisi Shonubi attended the University of Lagos from 1978 to 1983 and obtained a Bachelor of Science in Mechanical Engineering.

He further obtained a Master of Science in Mechanical Engineering in 1985 with bias in Production Engineering from the same University. From 1988-1989 he shifted grounds to Finance and obtained a Masters’ in Business Administration specializing in Finance.

He began his working experience as a Consultant Engineer at Mek-ind Associates and worked from 1984 to 1989. From 1989 to 1990, he was a Marketing Executive at Inlaks Computers Limited. He moved to Citibank Nigeria Limited as Head, Treasury Operations from 1990 to 1993. He joined Agusto & Co. Limited as a Supervising Consultant from 1993 to 1996 from where he moved to MBC International Limited as Deputy General Manager, Banking Operations & Information Technology from 1999. In 1999, he joined First City Monument Bank (FCMB) Limited as Vice-President, Operations & Information Technology and was there till 2002.

In 2003, he moved from FCMB to Ecobank Nigeria Plc as an Executive Director, Operations & Information Technology and in 2007 he became the Director, Information Technology and Corporate Services, Renaissance Securities Nigeria Limited. He was recruited by Union Bank of Nigeria Limited as an Executive Director, Operations, Technology and Services, September 2009 to April 2012.

He became the Managing Director/CEO, Nigeria Inter-Bank Settlement System Plc from May 2012 to October 2018. October 2018 to date, Mr. Folashodun is the Deputy Governor, Operations of the Central Bank of Nigeria (CBN) representing the Governor of the Central Bank of Nigeria on the Board of FIRS since the 9th of December, 2019. He is married with children.