Biography Of Folashodun Adebisi Shonubi [Wife, Children, Net Worth, Family, Parents, Origin]

Mr. Folashodun Adebisi (7 March 1962) is the current Central Bank of Nigeria president. He attended the University of Lagos from 1978 to 1983 and obtained a Bachelor of Science in Mechanical Engineering. He is of Yoruba origin.

Who is Folashodun Adebisi Shonubi?

Shonubi holds double Masters Degree respectively in Business Administration and Mechanical Engineering, from University of Lagos.

He is a banker with over 30 years professional experience.

Prior to his appointment as Deputy Governor in the Central Bank of Nigeria, he was the Managing Director/CEO in the Nigeria Inter-Bank Settlement System PLC from 2012 – 2018.

Prior to his appointment as the Managing Director 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

Between 1999 and 2007, he worked in MBC International as Deputy General Manager and supervised their IT operational platforms, served in First City Monument Bank Limited as Vice President and in Ecobank Nigeria Limited as Executive Director.

Shonubi also had a stint with Citibank Nigeria Limited as its Head, Treasury Operations (1990-1993).

He has served on a number of sub-committees of the Bankers’ Committee, including the Ethics and Professionalism sub-committee.

Biography

Mr. Folashodun Adebisi 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 further obtained a Master of Science in Mechanical Engineering in 1985 with bias in Production Engineering from the same University. From 1988-1989 he shifted grounds to Finance and obtained a Masters’ in Business Administration specializing in Finance.

He began his working experience as a Consultant Engineer at Mek-ind Associates and worked from 1984 to 1989. From 1989 to 1990, he was a Marketing Executive at Inlaks Computers Limited. He moved to Citibank Nigeria Limited as Head, Treasury Operations from 1990 to 1993. He joined Agusto & Co. Ltd as a Supervising Consultant from 1993 to 1996 from where he moved to MBC International Limited as Deputy General Manager, Banking Operations & Information Technology from 1999. In 1999, he joined First City Monument Bank (FCMB) Limited as Vice-President, Operations & Information Technology and was there till 2002.

In 2003, he moved from FCMB to Ecobank Nigeria Plc as an Executive Director, Operations & Information Technology and in 2007 he became the Director, Information Technology and Corporate Services, Renaissance Securities Nigeria Limited. He was recruited by Union Bank of Nigeria Limited as an Executive Director, Operations, Technology and Services, September 2009 to April 2012.

He became the Managing Director/CEO, Nigeria Inter-Bank Settlement System Plc from May 2012 to October 2018. October 2018 to date, Mr. Folashodun is the Deputy Governor, Operations of the Central Bank of Nigeria (CBN) representing the Governor of the Central Bank of Nigeria on the Board of FIRS since the 9th of December, 2019.

President Bola Ahmed Tinubu on Friday 9 June 2023 announced the suspension of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

The suspension was disclosed in a statement on Friday by the Director of Information in the Office of the Secretary to the Government of the Federation (OSGF), Willie Bassey.Following the directive suspending Emefiele from office, he has been directed to hand over the affairs of the CBN to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor pending the conclusion of the investigation and the reforms.

Emefiele is expected to handover to Folashodun Adebisi Shonubi, the Deputy Governor of the apex bank.

Wife and Children

Folashodun Adebisi Shonubi is married with children.

Parents

Folashodun Adebisi Shonubi parents are Mr. and Mrs. Shonubi.

Net Worth

Folashodun Adebisi Shonubi’s net worth is estimated at around $15 million – $35 million.