THE CBN’S ACTING GOVERNOR IS FOLASHODUN SHONUBI AS A RESULT OF GODWIN EMEFIELE’S SUSPENSION AND ARREST.

The CBN’s acting governor is Folashodun Shonubi as a result of Godwin Emefiele’s suspension and arrest.

Folashodun Adebisi Shonubi has been named acting governor of the Central Bank of Nigeria (CBN), Africa’s largest economy, until the appointment of a new governor or the unlikely recall of Emefiele, who was fired by Tinubu on Friday night.

According to the SGF office’s head of information, Shonubi will serve as the Central Bank Governor. He has been in office as of today, October 17, 2018.

Shonubi has a double master’s degree from the University of Lagos, in mechanical engineering and business administration, respectively. He has worked as a banker for more than 30 years.

He served as the Managing Director/CEO of the Nigeria Inter-Bank Settlement System PLC from 2012 to 2018 before being appointed as the CBN’s Deputy Governor.

Since December 9th, 2019, Mr. Folashodun, who serves as the Deputy Governor for Operations at the Central Bank of Nigeria (CBN), has been the board representative for the CBN Governor.