June 8, 2018
By InvestAdvocate
Lagos (INVESTADVOCATE)-President Muhammadu Buhari on Friday approved the nomination of Folashodun Adebisi Shonubi, as deputy governor of the Central Bank of Nigeria (CBN).
Shonubi’s appointment to replace Adebayo Adelabu, who resigned as deputy governor in-charge of Operations is subject to Senate confirmation, Garba Shehu seniour special assistant to the president on Media and Publicity said in a statement.
Shonubi is currently the managing director of the Nigeria Inter-Bank Settlement System Plc (NIBSS) –which handles inter-bank payments in order to remove potential bottlenecks associated with inter-bank funds transfer and settlement.
NIBSS also operates the Nigeria Automated Clearing System (NACS) which facilitates the electronic clearing of cheques and other paper based instruments, electronic funds transfer, Automated Direct Credits and Automated Direct Debits.
According to Shehu, Shonubi before assuming the headship of NIBBS in 2012, had garnered decades of executive-level experience in financial service operations, notably as Executive Director at Union Bank of Nigeria Plc, Renaissance Securities Nigeria Ltd and Ecobank Nigeria Plc.