Following Godwin Emefiele’s suspension as CBN Governor, the Deputy Governor (Operations Directorate), Folashodun Adebisi Shonubi, assumed leadership of the apex bank.
Shonubi was directed to take over the bank’s affairs pending the investigation’s conclusion and the reforms’ implementation.
The new acting CBN Governor was born on the 7th of March, 1962.
He attended the University of Lagos from 1978 to 1983 and obtained a Bachelor of Science in Mechanical Engineering.
Folashodun Shonubi 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, specialising in Finance.
Shonubi began his career as a Consultant Engineer at Mek-ind Associates from 1984 to 1989.
Between 1989 and 1990, he was a Marketing Executive at Inlaks Computers Limited.
He moved to Citibank Nigeria Limited where he was the Head, of Treasury Operations from 1990 to 1993.
Folashodun Shonubi joined Agusto & Co. Limited as a Supervising Consultant from 1993 to 1996.
From there, Shonubi moved to MBC International Limited as Deputy General Manager, Banking Operations & Information Technology.
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.
In 2007 he became the Director, Information Technology and Corporate Services, at Renaissance Securities Nigeria Limited.
He was recruited by Union Bank of Nigeria Limited as an Executive Director, Operations, Technology and Services, from September 2009 to April 2012.
Folashodun Shonubi became the Managing Director/CEO, of Nigeria Inter-Bank Settlement System Plc from May 2012 to October 2018.
From October 2018 until yesterday, he has been the Deputy Governor, Operations of the Central Bank of Nigeria (CBN).
In that position, Shonubi has been representing the CBN Governor on the Board of Federal Inland Revenue Services (FIRS) since 9 December 2019.
