Folashodun Shonubi, is now the Central Bank of Nigeria Acting Governor.
Following the suspension of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Friday night, President Bola Tinubu had directed that the Deputy Governor, Operations Directorate, Mr. Folashodun Shonubi take over as acting governor.
Shonubi was the CBN governor’s representative on the FIRS Board from December 9, 2019, having held the position of deputy governor since October 2018.
He was born on March 7, 1962, and from 1978 to 1983 he studied at the University of Lagos, where he graduated with a Bachelor of Science in Mechanical Engineering.
The same university also awarded him a Master of Science in Mechanical Engineering in 1985 with a focus on Production Engineering.
He started studying Finance in 1988 and completed it in 1989, earning a Master’s Degree in Business Administration with a Finance concentration.
From 1984 through 1989, Shonubi worked as a consultant engineer at Mek-ind Associates from1989 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. Ltd as a Supervising Consultant from 1993 to 1996 from where he moved to MBC International Limited as Deputy General Manager, Banking Operations and Information Technology from 1999.
In 1999, he joined First City Monument Bank (FCMB) Limited as Vice-President, Operations and Information Technology and was there till 2002.
In 2003, Mr Shonubi moved from FCMB to Ecobank Nigeria Plc as an Executive Director, Operations and Information Technology and, in 2007, he became the Director, Information Technology and Corporate Services, Renaissance Securities Nigeria Limited.
Mr Folashodun Shonubi, was engaged by Union Bank of Nigeria Limited as an Executive Director, Operations, Technology and Services, from September 2009 to April 2012.
He then became the Managing Director/CEO, Nigeria Inter-Bank Settlement System Plc from May 2012 to October 2018, after which he became CBN deputy governor.