The Nigeria Interbank Settlement System, NIBSS family has now produced a central banker.

On Friday, President Muhammadu Buhari approved the nomination of NIBSS Managing Director, Folashodun Adebisi Shonubi as Deputy Governor at the CBN.

His nomination is however subject to Senate confirmation.

An aide to the president, Garba Shehu, made this known in statement in Abuja on Friday.

Shonubi replaces Adebayo Adelabu, who resigned last week to take part in politics in Oyo state.

Shonubi is at present the Managing Director of the Nigeria Inter-Bank Settlement System Plc (NIBSS) – the financial payments, facilitation and settlement platform.

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NIBSS has been instrumental to the growth in electronic payments in the Nigerian financial industry.

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.

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.

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