Buhari Nominates Shonubi To Replace Adelabu At CBN
Barbara Bako,Abuja
President Muhammadu Buhari on Friday nominated Folashodun Ademola Shonubi as the new Deputy Governor at the Central Bank of Nigeria. Shonubi is to replace Adebayo Adelabu who exited CBN early this year to pursue political ambition. His appointment is subject to confirmation of the senate.
Shonubi is currently the Managing Director of the Nigeria Inter-Bank Settlement System Plc (NIBSS). NIBSS is 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 position of MD of NIBBS in 2012, Shonubi has decades of executive-level experience in financial service operations.
He was formerly Executive Director at Union Bank of Nigeria Plc, Renaissance Securities Nigeria Ltd and Ecobank Nigeria Plc. It would be recalled that CBN Deputy Governor Operations, Mr Adebayo Adelabu exited the CBN to join the Oyo State guber race under the ruling All Progressives Congress, APC.
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