
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.
Willie Bassey, director of information, SGF office, in a statement issued on Friday, said the suspension is with immediate effect.
Mr. Folashodun Adebisi Shonubi is now acting CBN Governor. The office of the SGF asked the suspended CBN Governor, Mr Emefiele to hand over to him with immediate effect.

Up until his appointment, Mr. Shonubi was a Board Member Representing The Central Bank Of Nigeria-CBN. Mr. Folashodun Adebisi was born on the 7th of March, 1962. He attended the University of Lagos from 1978 to 1983 and obtained a Bachelor of Science in Mechanical Engineering.
Folashodun Adebisi Shonubi holds double Masters Degree respectively in Business Administration and Mechanical Engineering, from University of Lagos. He is a resourceful 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.
Mr. 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.
More to follow…

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