ABUJA, OCTOBER 10, 2018 – The Nigerian Senate on Wednesday confirmed the appointments of Folashodun Adebisi Shonubi as deputy governor of Central Bank of Nigeria and Muiz Banire as chairman of the governing board of Assets Management Corporation of Nigeria (AMCON).
The two confirmations were announced by the Senate on its Twitter handle, @NGRSenate.
Senate reverts to plenary and reports progress.#TodayInSenatePlenary
— The Nigerian Senate (@NGRSenate) October 10, 2018
Senate reverts to plenary and reports progress.#TodayInSenatePlenary
— The Nigerian Senate (@NGRSenate) October 10, 2018
The confirmation of the two appointments followed the recommendations of the Senate committee on Banking, Insurance and other Financial Institutions, headed by Senator Rafiu Ibrahim.
President Muhammadu Buhari had nominated Shonubi for the CBN post in June. The president’s letter was read on 3 July, weeks before the senate went on its long recess on 25 July.
Buhari sent Banire’s nomination to the Senate for approval on July 18. Banire from Lagos, is a senior advocate of Nigeria, a former commissioner in Lagos and the pioneer legal secretary of the All Progressives Congress.
Folashodun Adebisi Shonubi: confirmed as deputy governor CBN by Senate
Shonubi will replace Adebayo Adelabu, who resigned to take part in politics in Oyo state. Adelabu is now the APC governorship candidate in the state.
Shonubi was the Managing Director of the Nigeria Inter-Bank Settlement System Plc (NIBSS) – the financial payments, facilitation and settlement platform, before his appointment.
Before assuming the headship of NIBBS in 2012, Shonubi 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.
On the website of NIBBS, he is described as an 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.
Shonubi holds double Masters Degree respectively in Business Administration and Mechanical Engineering, from University of Lagos.
