Tinubu Appoints Folashodun Adebisi Shonubi An Engineer, IT Expert, Banker As Acting CBN Governor.
Folashodun Adebisi Shonubi, appointed acting governor of the Central Bank of Nigeria (CBN) by President Bola Tinubu on Friday, is not your typical banker.
The CBN deputy governor (operations) trained as a mechanical engineer, went into marketing, moved into information technology — and became a central banker.
Decision to suspend Godwin Emefiele, the governor, was taken on Friday afternoon after a number of scenarios, including an outright sack, was contemplated.
However, presidential sources said a sack was considered legally complicated because of the CBN law which empowers only the senate to remove the governor by two-thirds majority.
By law, one of the deputies must complete Emefiele’s tenure, which expires May 2024.
The central bank has four deputy governors but Shonubi was considered above Aishah Ahmed, Edward Adamu, and Kingsley Obiora.
