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A Profile Of Folashodun Shonubi, The Acting Governor Of CBN
The newly appointed acting governor of Central Bank Of Nigeria (CBN) by President Bola Tinubu, Folashodun Shonuhi, is an accomplished banker with a wealth of experience .
The decision to entrust Mr. Shonubi with overseeing the operations of the apex bank comes amidst the suspension of Godwin Emefiele, the former CBN governor, due to an ongoing investigation and planned financial sector reforms.
Mr. Shonubi, who has been serving as the Deputy Governor (Operations Directorate) at the CBN since October 2018, brings remarkable qualifications to his new role as he Holds a Master’s degree in Business Administration and another Master’s degree in Mechanical Engineering from the University of Lagos, possessing a strong academic foundation.
With over 30 years of professional experience, Mr. Shonubi has made significant contributions to Nigeria’s banking industry.
Prior to his appointment as Deputy Governor, he served as the Managing Director/CEO of the Nigeria Inter-Bank Settlement System PLC from 2012 to 2018.
His leadership and expertise have also been evident during his tenure as Executive Director of Information Technology and Operations at Union Bank of Nigeria Plc and Director of Information Technology and Corporate Services at Renaissance Securities Nigeria Limited.
Furthermore, Mr. Shonubi held key positions at renowned financial institutions such as MBC International, First City Monument Bank Limited, and Ecobank Nigeria Limited, where he played instrumental roles in driving operational excellence and innovation.
Throughout his career, Mr. Shonubi has been actively involved in various sub-committees of the Bankers’ Committee, demonstrating his commitment to ethics and professionalism in the banking sector.
As the new acting governor of the CBN, Nigeria hope Mr. Shonubi will bring an extensive knowledge, leadership acumen, and strategic vision to steer the central bank and contribute to the economic growth and stability of Nigeria.
With the appointment of Folashodun Shonubi as the new acting governor of the Central Bank of Nigeria (CBN), Nigeria is hopeful that his extensive knowledge, leadership acumen, and strategic vision will steer the central bank towards economic growth and stability.
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Inside Tinubu’s Closed-Door Meeting With Opposition Leaders – SDP, IPAC Reveal Details
The Social Democratic Party (SDP) and the Inter-Party Advisory Council (IPAC) have disclosed details of their recent closed-door meeting with President Bola Tinubu, explaining that the engagement focused on strengthening Nigeria’s democratic process ahead of the 2027 general elections.
The clarification came amid speculation surrounding the meeting, which took place at the Presidential Villa in Abuja after leaders of several opposition parties attended an Iftar dinner hosted by the president earlier in the week.
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Speaking during a gathering hosted in Abuja by the SDP’s former presidential candidate, Adewole Adebayo on Friday, the party’s National Chairman, Prof. Sadiq Gombe, said the meeting with Tinubu followed an official invitation from the Presidency and lasted about an hour.
According to Gombe, the discussion centred on the need to strengthen Nigeria’s electoral laws and restore public confidence in the country’s electoral process ahead of the 2027 polls.
He explained that the meeting provided an opportunity for party leaders to remind the president of the importance of conducting transparent, free, and credible elections.
Gombe noted that democracy can only thrive when governments listen to the concerns of citizens and ensure electoral processes that guarantee fairness and accountability.
The SDP chairman also expressed concern over growing voter apathy, pointing to the low turnout recorded in the recent Area Council election in the Federal Capital Territory.
He said the Abuja Municipal Area Council election witnessed only about seven per cent voter turnout, which he described as a clear sign that many Nigerians are losing confidence in the electoral system.
Gombe urged the government and members of the National Assembly to take urgent steps to review electoral laws and rebuild public trust in Nigeria’s democracy.
Also speaking, the National Chairman of IPAC, Dr. Yusuf Dantalle, said political parties used the meeting to raise concerns about aspects of proposed electoral reforms, particularly issues related to indirect primaries and the mandatory electronic transmission of results.
Dantalle explained that the parties appealed to the president to use his influence to encourage legislative review where necessary, noting that reforms should strengthen, rather than complicate, the democratic process.
He expressed optimism that Tinubu would consider the concerns raised and support necessary amendments that would improve the electoral system.
The IPAC chairman also called on the Independent National Electoral Commission (INEC) to strictly adhere to electoral guidelines as preparations for the next election cycle begin.
Earlier in his remarks, Adebayo cautioned political actors against turning the 2027 general elections into a do-or-die contest, stressing that the primary goal of democracy should be the progress and stability of Nigeria rather than personal political victories.
He urged leaders across political parties to encourage citizens to actively participate in the democratic process and ensure that elections are conducted peacefully and transparently.
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