Buhari Nominates Folashodun Adebisi Shonubi As CBN Deputy Governor

Shonubi, CBN Deputy Governor Designate

President Muhammadu Buhari has approved the nomination of Mr. Folashodun Adebisi Shonubi as Deputy Governor at the Central Bank of Nigeria (CBN) subject to Senate confirmation.

Mr. Folashodun Shonubi is currently the Managing Director of the Nigeria Inter-Bank Settlement System  Plc (NIBSS) – the financial payments, facilitation and settlement platform – which has been instrumental to the growth in electronic payments in the Nigerian financial industry.

Before assuming the headship of NIBBS in 2012, Mr. Shonubi had garnered decades of executive-level experience in financial service operations, notably as Executive Director at Union Bank of Nigeria Plc, Renaissance Securities Nigeria Ltd and Ecobank Nigeria Plc.

If Mr. Shonubi’s appointment is confirmed by the Senate, he may be replacing the position of the former CBN Deputy Governor (Operations), Mr Adebayo Adelabu, who recently resigned from his position for Oyo State governorship race under the ruling All Progressives Congress.