President Bola Ahmed Tinubu on Friday night announced the suspension of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.
The suspension was disclosed in a statement on Friday by the Director of Information in the Office of the Secretary to the Government of the Federation (OSGF), Willie Bassey.
Emefiele he has been directed to immediately hand over the affairs of the bank to the Deputy Governor (Operations Directorate), Folashodun Adebisi Shonubi who will act as the Central Bank Governor pending the conclusion of the investigation and the reforms.
Adebisi Shonubi was appointed by former President Muhammadu Buhari in 2018.
Shonubi was the Managing Director of the Nigeria Inter-Bank Settlement System Plc (NIBSS).
He holds double Masters Degrees in Business Administration and Mechanical Engineering, from the University of Lagos.
He was Executive Director, Information Technology, and Operations at Union Bank of Nigeria Plc and a member of the Board of Union Homes.
Director, Information Technology and Corporate Services in Renaissance Securities Nigeria limited.
Shonubi equally had a stint with Citibank Nigeria Limited as its Head, Treasury Operations (1990-1993).
Between 1999 and 2007, he worked in MBC International as Deputy General Manager and supervised their IT operational platforms.
He served in First City Monument Bank Limited (FCMB) as Vice President and in Ecobank Nigeria Limited as Executive Director.
He is a resourceful Information Technology-driven banker with over 22 years professional experience.