UPDATE: Folashodun Shonubi appointed acting CBN Governor

Following the suspension, on Friday, of Mr. Godwin Emefiele, the next top man behind him, Mr Folashodun Adebisi Shonubi, has been appoint as the Acting Governor of Central Bank of Nigeria (CBN).

Until his appointment, Shonubi was the Deputy Governor, Operations Directorate, according to Bayo Onanuga, a media aide to Tinubu via his Twitter handle on Friday.

Onanuga wrote, “Folashodun Adebisi Shonubi is the CBN acting governor. He has been since October 2018, the Deputy Governor, Operations Directorate. He 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. He also represents the CBN on the board of FIRS”.

Emefiele was directed to immediately to hand over the affairs of his office to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor pending the conclusion of investigation and the reforms.