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The Senate on Wednesday finally confirmed the appointment of Mr. Folashodun Adebisi Shonubi as Deputy Governor of Central Bank of Nigeria (CBN).
TheNewsGuru (TNG) reports Shonubi’s confirmation followed a report of the committee on banking, insurance and other financial institutions on his nomination by Senator Rafiu Ibrahim.
Senator Emmanuel Paulker seconds that the Senate do receive and consider the report of the committee on the nomination of Shonubi for appointment as the Deputy Governor of CBN.
TNG recalls President Muhammadu Buhari had in June approved the nomination of Shonubi as Deputy Governor at the CBN subject to Senate confirmation.
The President wrote the Senate a month after seeking confirmation of Shonubi. The letter was read by the Senate President, Bukola Saraki, after a one-hour closed-door session.
The Senate, however, proceeded on an annual recess, suspending the confirmation of Mr. Shonubi. Also billed for confirmation before the Senate went on the recess, is the confirmation of Dr Muiz Adeyemi Banire as Chairman of the Board of Assets Management Corporation of Nigeria.
Shonubi was the Managing Director of the Nigeria Inter-Bank Settlement System Plc (NIBSS) – the financial payments, facilitation and settlement platform.
NIBSS has been instrumental to the growth in electronic payments in the Nigerian financial industry.
Mr. Shonubi holds double Masters Degrees respectively in Business Administration and Mechanical Engineering, from University of Lagos.
He is a resourceful Information Technology-driven banker with over 22 years professional experience.
Prior to his appointment as the Managing Director of 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.
Mr. Shonubi also had a stint with Citibank Nigeria Limited as its Head, Treasury Operations (1990-1993).
Between 1999 and 2007, he worked in MBC International as Deputy General Manager and supervised their IT operational platforms. He served in First City Monument Bank Limited as Vice – President and in Ecobank Nigeria Limited as Executive Director.
He has served on a number of sub-committees of the Bankers’ Committee, including the Ethics and Professionalism sub-committee.
The nomination of Mr. Muiz Banire Adeyemi By President Buhari for appointment as Chairman of the governing board of the Assets Management Corporation of Nigeria (AMCON) was also confirmed.