THE Deputy Governor, Operations of the Central Bank of Nigeria (CBN), Folashodun Adebisi Shonubi has today been appointed as the acting Governor of the apex bank.
His appointment follows the removal of Godwin Emefiele from office.
President Bola Tinubu has ordered the suspension of Emefiele from office with immediate effect.
This was revealed tonight by the director, Information, in the Office of the Secretary to the Government of the Federation SGF, Willie Bassey in Abuja.
He said the decision was “sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy”.
“Mr Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor pending the conclusion of investigation and the reforms”, the statement added.
Folashodun was the Deputy Governor, Operations of the Central Bank of Nigeria (CBN) before his appointment tonight.The appointment however is subject to Senate confirmation.
He was a Consultant Engineer at Mek-ind Associates and worked from 1984 to 1989. While from 1989 to 1990, he worked as a Marketing Executive at Inlaks Computers Limited.
Folashodun moved to Citibank Nigeria Limited as Head, Treasury Operations from 1990 to 1993.
While he later joined Agusto & Co. Ltd as a Supervising Consultant from 1993 to 1996 from which he moved to MBC International Limited as Deputy General Manager, Banking Operations & Information Technology from 1999.
In 1999, he became the vice-President, Operations & Information Technology at First City Monument Bank (FCMB) Limited 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.
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.
Folashodun Adebisi was born on 7th of March, 1962. He 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.
He however later shifted grounds to Finance and obtained a Master’s in Business Administration specialising in Finance from between 1988-1989.
