President Bola Tinubu has suspended Godwin Emefiele as the Governor of the Central Bank of Nigeria (CBN).
The Office of the Secretary to the Government of the Federation announced his suspension.
Director of Information, SGF office, Willie Bassey, in a statement on Friday, said the suspension is with immediate effect.
Emefiele was suspended and ordered to hand over the responsibilities of his office to the Deputy Governor (Operations Directorate) without delay.
Checks on CBN’s website shows Mr. Folashodun Adebisi Shonubi (Board Member) is the Deputy Governor (Operations Directorate).
Shonubi will act as the Central Bank Governor according to director of information, SGF office. He has been serving since October 17, 2018 – to date.
Shonubi holds double Masters Degree respectively in Business Administration and Mechanical Engineering, from University of Lagos.
He is a banker with over 30 years professional experience.
Prior to his appointment as Deputy Governor in the Central Bank of Nigeria, he was the Managing Director/CEO in the Nigeria Inter-Bank Settlement System PLC from 2012 – 2018.
Prior to his appointment as the Managing Director NIBSS PLC, Mr. Shonubi was Executive Director, Information Technology and Operations at Union Bank of Nigeria Plc; a member of the Board of Union Homes and Director, Information Technology and Corporate Services in Renaissance Securities Nigeria limited, with responsibility for the Group’ s IT infrastructure in Africa
Between 1999 and 2007, he worked in MBC International as Deputy General Manager and supervised their IT operational platforms, served in First City Monument Bank Limited as Vice President and in Ecobank Nigeria Limited as Executive Director.
Shonubi also had a stint with Citibank Nigeria Limited as its Head, Treasury Operations (1990-1993).
He has served on a number of sub-committees of the Bankers ‘Committee, including the Ethics and Professionalism sub-committee.