Effective June 9, 2023, Mr. Folashodun Adebisi Shonubi has assumed the position of Acting Governor of the Central Bank of Nigeria (CBN).
Folashodun Adebisi Shonubi, born on March 7, 1962, is a highly accomplished professional with an impressive background. He attended the University of Lagos from 1978 to 1983, where he earned a Bachelor of Science degree in Mechanical Engineering. Continuing his education at the same university, he obtained a Master of Science degree in Mechanical Engineering in 1985, focusing on Production Engineering. In 1988-1989, he shifted his focus to finance and obtained a Master’s in Business Administration, specializing in Finance.
Shonubi’s professional journey began as a Consultant Engineer at Mek-ind Associates, where he worked from 1984 to 1989. He then served as a Marketing Executive at Inlaks Computers Limited from 1989 to 1990. Moving forward, he joined Citibank Nigeria Limited as the Head of Treasury Operations from 1990 to 1993. Subsequently, he became a Supervising Consultant at Agusto & Co. Ltd from 1993 to 1996. In 1999, he assumed the role of Deputy General Manager of Banking Operations & Information Technology at MBC International Limited. Later that year, he joined First City Monument Bank (FCMB) Limited as Vice-President of Operations & Information Technology, a position he held until 2002.
In 2003, Shonubi transitioned to Ecobank Nigeria Plc as an Executive Director, overseeing Operations & Information Technology. He then moved to Renaissance Securities Nigeria Limited in 2007, serving as the Director of Information Technology and Corporate Services. From September 2009 to April 2012, he joined Union Bank of Nigeria Limited as an Executive Director, responsible for Operations, Technology, and Services.
Shonubi’s leadership acumen led him to become the Managing Director/CEO of Nigeria Inter-Bank Settlement System Plc from May 2012 to October 2018. Since December 9, 2019, he has held the position of Deputy Governor, Operations at the Central Bank of Nigeria (CBN) and also represents the Governor of the Central Bank of Nigeria on the Board of the Federal Inland Revenue Service (FIRS).
Married and with children, Shonubi now takes on the role of Acting Governor of the Central Bank of Nigeria (CBN), assuming significant responsibilities in shaping the country’s financial landscape. His wealth of experience and expertise in finance, operations, and technology positions him well for this crucial role.
