Buhari seeks confirmation of Shonubi as CBN deputy governor

President Muhammadu Buhari has asked the senate to confirm Folashodun Adebisi Shonubi as a deputy governor of the Central Bank of Nigeria (CBN).

Buhari’s request was contained in a letter read by Senate President Bukola Saraki on the floor of the upper legislative chamber on Tuesday.

The president based his request on section 81(2) of the CBN Act.

“Dear distinguished senate president, in accordance to the provisions of section 81 (2) of the Central Bank of Nigeria (CBN) establishment Act 2007, I have the pleasure to present Mr Folashodun Adebisi Shonubi for confirmation as deputy governor of the Central Bank of Nigeria,” the letter read.

“Find attached, a copy of his curriculum vitae.

“While looking forward for your usual expeditious consideration, please accept, Mr senate president, the assurances of my highest regards.”

Before his appointment on June 8, Shonubi was the managing director of the Nigeria Inter-Bank Settlement System Plc – the financial payments, facilitation and settlement platform – which has been instrumental to the growth in electronic payments in the Nigerian financial industry.

Before assuming the headship of NIBBS in 2012, Shonubi 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.