President Muhammadu Buhari has approved the nomination of Folashodun Adebisi Shonubi as Deputy Governor at the Central Bank of Nigeria.
His appointment which is subject to Senate confirmation was made Friday via a statement by presidential spokesperson, Garba Shehu.
Mr. 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.
He holds a B.Sc and Masters Degree in Mechanical Engineering and an MBA in Finance from University of Lagos and will be replacing Mr. Adebayo Adelabu, the retiring deputy governor of the apex bank.
“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,” the statement added.