President Bola Tinubu has appointed Mr Folashodun Adebisi Shonubi as the acting Governor of Central Bank of Nigeria.

Shonubi’s appointment followed the suspension of Godwin Emefiele as the CBN Governor on Friday.

Until his appointment, he was the Deputy Governor, Operations Directorate.

Bayo Onanuga, a media aide to Tinubu disclosed this in a post via his Twitter handle on Friday.

He wrote, “Folashodun Adebisi Shonubi is the CBN acting governor. He has been since October 2018, the Deputy Governor, Operations Directorate. He 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 also represents the CBN on the board of FIRS”.

Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor pending the conclusion of investigation and the reforms.