In a recent development, the Nigerian President, Bola Ahmed Tinubu, has made a significant announcement regarding the leadership of the Central Bank of Nigeria (CBN).
Following the suspension of Godwin Emefiele, Tinubu has appointed Mr. Folashodun Adebisi Shonubi as the acting governor of the CBN.
However, this decision comes after careful consideration of Shonubi’s expertise and experience within the banking sector.
Prior to his new role, Folashodun Adebisi Shonubi served as the Deputy Governor of the Operations Directorate at the CBN.
Having assumed this position in October 2018, Shonubi has played a crucial role in managing the operational aspects of the central bank’s activities. Born on March 7, 1962.
Shonubi is an accomplished individual who possesses a Bachelor of Science degree in Mechanical Engineering from the prestigious University of Lagos.
Furthermore, Shonubi’s exceptional capabilities have led him to represent the CBN on the board of the Federal Inland Revenue Service (FIRS). This demonstrates his extensive knowledge and involvement in key financial institutions within Nigeria.
According to Bayo Onanuga, Tinubu’s media assistant, the appointment of Folashodun Adebisi Shonubi as the acting governor of the CBN is a strategic move to ensure the continuity and stability of the country’s financial system.
It is noteworthy that Shonubi assumed his new position immediately following the suspension of Godwin Emefiele, indicating the urgency with which the decision was made.
In light of the recent changes, it has been directed that Godwin Emefiele promptly hands over the responsibilities of his office to the Deputy Governor of the Operations Directorate, Mr. Folashodun Adebisi Shonubi. Shonubi will assume the role of the Central Bank Governor during this transitional period, which will last until the conclusion of the investigation and the subsequent reforms that are set to take place.
The appointment of Folashodun Adebisi Shonubi underscores the Nigerian government’s commitment to maintaining the integrity and stability of the country’s financial sector.
Meanwhile, as the acting governor of the CBN, Shonubi will play a crucial role in implementing necessary reforms and ensuring the smooth operation of the central bank’s functions.
