Who is Folashodun Shonubi, Nigeria’s new central bank chief?

Abuja, Nigeria – Over the weekend, President Bola Ahmed Tinubu announced the appointment of Folashodun Shonubi as the interim governor of the Central Bank of Nigeria (CBN).

Shonubi’s appointment followed the suspension and arrest of former Governor Godwin Emefiele by the secret police, with the presidency citing an “ongoing investigation of his office and the planned reforms in the banking sector”.

Nigeria’s eurobonds have been reshape the economy and unify the exchange rates.

President Tinubu is said to have bypassed the other three deputy governors who all outrank Shonubi but are seen to align with Emefiele’s ideas, according to three different sources including insiders in the presidency, already drawing Shonubi into a political web before his first decision as governor.

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