Tinubu promised Nigerians to continue from Where Buhari Stopped! Is he already fulfilling the promise?

President Tinubu recently suspended the CBN governor Mr. Godwin Emefiele, whose statutory tenure would be elapsing next year, and in his place appointed Mr. Folashodun Adebisi Shonubi who is number three (3) in CBN hierarchy after Governor Emefiele to replace him albeit in an acting capacity.

Emifiele, an ethnic Igbo from the Ika Subgroup sacking as expected has raised a pushback from OHANEZE, the apex Igbo Socio-Cultural organization who has accused Tinubu of embarking on ethnic cleansing.

Although I am not here to justify Ohaneze’s stand but when one compares Tinubu action when the HOR raised hell about a former Aviation ministers daylight robbery of our patrimony through the Air Nigeria scams Ohaneze apprehension of the treatment meted to one their prominent sons in government seems justified. In Hadi Sirika criminal scam even with calls by his arrest by Arewa group, Tinubu never made any attempt let alone allow DSS to go arrest him for questioning till today.

While some Nigerians welcome Emefiele sacking especially the role the CBN played during the last Election a lot more Nigerians are scratching their head to understand Tinubu’s rationale in bypassing more qualified deputy governors and appointing a fellow Yoruba as an acting CBN Governor.

Based on Nigeria recent experience with former President Buhari penchant in appointing his tribesmen even when we had more qualified Nigeria from other ethnicities, many Nigeria are wondering if Tinub has not indeed started implementing his promise to Nigerians to continuing with Buhari policies and programmes.

In this instance many Nigerians who understand the role of CBN in monetary policy management especial in these challenging times are questioning why Mr. Tinubu should bypass even seasoned economists in the CBN top hierarchy and appoint someone with a mechanical engineering degree.

In other climes as mentioned by Deji Adeyenju who cited Turkiye and Kenya examples, pragmatic leaders have gone even outside their shores to employ central governors to help remedy their economies when in crises as Nigeria of today. A good example is Mark Joseph Carney from Fort Smith, Northwest Territories, Canada, an economist who served as governor of the Bank of Canada and was employed to head the Bank of England in 2013 during the British economic meltdown.
Another example would be Stanley Fischer a renowned economics Professor and IMF veteran who was born in Zimbabwe but later became Bank of Israel Governor and later Vice Chairman of America Federal Reserve Bank.

As a Nigerian, please I would like you to go through the profiles (from CBN website) of the top CBN deputy governors in hierarchical order and adjudicate objectively if Tinubu made the right choice or has, he already acquiesced to primitive nepotism in appointing Mr. Shonubi?; a fellow Yoruba straight from his ally Buhari’s playbook.



Mrs. Aishah N, Ahmad
Deputy Governor, Financial System Stability Directorate

Aishah Ahmad is the CBN Deputy Governor in charge of Financial System Stability and next to Emefiele. She is responsible for leading the effort to promote a sound financial system in Nigeria; one of the principal objects of the Bank as specified within the CBN Act. In this role, Aishah is a member of the Governing Board and Committee of Governors at the CBN and Chairman, Financial Institutions Training Centre (FITC) - a not for profit organization offering training, consulting and research services for the financial services sector.

Prior to her appointment at the CBN, Aishah was Executive Director, Retail Banking at Diamond Bank PLC, with over 22 years’ experience as a corporate executive and finance expert. Her banking and investment career spans several financial institutions including NAL Bank Plc, Zenith Bank Plc and Stanbic IBTC Bank Plc (a member of Standard Bank Group, SA) amongst others.

Aishah’s passion for finance fueled the attainment of several academic and professional qualifications over the years. She is a member of the Chartered Financial Analyst (CFA) Association and Chartered Alternative Investment Analyst (CAIA) Association.

She also holds an M.Sc. in Finance and Management from the Cranfield School of Management, UK, and an MBA (Finance) from the University of Lagos, Nigeria. She obtained her B.Sc. in Accounting from the University of Abuja, Nigeria.

Aishah Ahmad is a strong advocate for female and youth empowerment; she volunteers at SOS Children’s Villages, Nigeria and was former Chairperson, Executive Council of Women in Management, Business & Public Service, WIMBIZ (www.wimbiz.org); a leading women-focused NGO in Sub-Saharan Africa. She is married and blessed with two sons.

Mr. Edward L. Adamu
Deputy Governor, Corporate Services Directorate

He graduated from the Ahmadu Bello University, Zaria in 1981 where he obtained a Bachelor of Science (Bsc.) Honours degree in Quantity Surveying with Second Class Upper Division.
He also obtained post-graduate certifications in Project & Programme Management, Strategy Management, Credit Administration,Knowledge Management and Human Resource Management. He is a fellow of the Nigerian Institute of Quantity Surveyors and the Institute of Credit Administration.

Mr. Adamu began his career in the Unified Public Service (UPS) in 1983 with the Bauchi State Civil Service. He spent thirty-five (35) years in the UPS, twenty-five (25) of which was spent in the Central Bank of Nigeria (CBN).

During his years in the Central Bank, he was seconded to the Gombe State Civil Service from 2008 to 2010 as the Senior Special Assistant and Head, Procurement Management and Due Process Office. He returned to the CBN in 2010 and was appointed Director of Strategy Management Department in 2012, after a rigorous selection process. He was later deployed to the Human Resources Department of the Bank in 2016 as Director, a position he held until his retirement from the services of the Bank on 14th February, 2018.

Mr. Adamu is innovative, people-oriented, personable, visionary and creative with the courage to engage, inspire and influence people into collaborative action for collective good. He is an excellent communicator, negotiator and thought leader, with insight and ability to provide transformative solutions to complex problems. Mr. Adamu has been exposed to World-class education at renowned institutions like INSEAD, IMD, Wharton, Chicago Booth, Palladium/Harvard and the United Nation Development Programme.

His hobbies include writing, mentoring and Community Development. He is happily married with four children, two girls and two boys.

Mr. Folashodun Adebisi Shonubi
Deputy Governor, Operations Directorate

Mr. Folashodun Adebisi Shonubi holds double Masters Degree respectively in Business Administration and Mechanical Engineering, from University of Lagos.

He is a resourceful banker with over 30 year' s professional experience.
Prior to his appointment as Deputy Governor in the Central Bank of Nigeria, he was the Managing Director/CEO in the Nigeria Inter-Bank Settlement System PLC from 2012 – 2018.
Prior to his appointment as the Managing Director 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
Between 1999 and 2007, he worked in MBC International as Deputy General Manager and supervised their IT operational platforms, served in First City Monument Bank Limited as Vice President and in Ecobank Nigeria Limited as Executive Director.
Mr. Shonubi also had a stint with Citibank Nigeria Limited as its Head, Treasury Operations (1990-1993).
He has served on a number of sub-committees of the Bankers ‘Committee, including the Ethics and Professionalism sub-committee.


Dr. Kingsley Obiora
Deputy Governor, Economic Policy Directorate

Dr. Kingsley Obiora resumed as a Deputy Governor in the Central Bank of Nigeria on 02 March, 2020. Prior to this, he was an Alternate Executive Director in the International Monetary Fund (IMF) in Washington DC, USA. In this capacity, he was a member of the Executive Board, collectively responsible for conducting the daily operations of the IMF.

He also assisted to represent the interests of 23 African Countries, including Nigeria, at the Board.
He first joined the IMF through the globally-competitive “Economist Program” in 2007 and worked in both the European Department as well as the Strategy, Policy and Review Department, whilst carrying out extensive work on exchange rate assessment, debt sustainability analyses, decoupling and spillovers, real sector analyses, as well as several reviews of Financial Sector Assessments. Prior to this, Dr. Obiora worked at the West African Monetary Institute in Accra, Ghana and the Centre for Econometric and Allied Research at the University of Ibadan.

While on secondment from the IMF, Dr. Obiora simultaneously served as Technical Adviser to the Nigeria’s National Economic Management Team as well as Special Assistant to the President Jonathan’s Chief Economic Adviser from October 2011 to May 2014. During this time, he played key roles in helping shape the country’s economic policies on several fronts, including on energy subsidies, power sector reform, measurement of job creation, architecture of development financing, diversification of the economy, oil price benchmarking in the budgetary process, regulatory framework for doing business, port reform, and asset-based economic mapping and modeling.

From June 2014 until July 2018, Dr. Obiora served as Special Adviser on Economic Matters to the Governor of the Central Bank of Nigeria (CBN). During this role, he contributed to the overall analytical and policy work of the CBN, bringing his extensive international and domestic economic experiences to bear in helping the Bank understand the ramifications of, and deal with spillovers from, the external shocks emanating from the significant drop in global oil prices.

Dr. Obiora has a first degree from the University of Benin as well as Masters and Doctorate degrees in Economics from the University of Ibadan.

All these people you mentioned will soon be picked by DSS after they must have quizzed Emefiele. They worked for him to truncate Nigeria economy… I’m certain they too will be arrested in coming days or week.

He would own the yam and holds the knife decides how to cut it....

You don't expect to reap where you did not sow, only mag.gots have this mentality.

I stop reading when I got to in his place appointed Mr. Folashodun Adebisi Shonubi who is number three (3).

Tribalism had ate deep into the bone and marrow of many Nigerians......!

Mr. Shonubi appointment is a sqaure peg on a round hole. He does not have the qualification and requisite experience for that office.

He handles day today operations concerning Branches, Banking services, currency operations, etc. These are areas that anyone with a written SOP and training can handle.

No wonder he failed woefully to implement the redesign Naira program during the last election as that functions falls under his office.

In fact he should be the one to be arrested with Emefiele for the ill-fated Naira redesign instead of being compensated because he is Yoruba like the president.

timilehin007:
All these people you mentioned will soon be picked by DSS after they must have quizzed Emefiele. They worked for him to truncate Nigeria economy… I’m certain they too will be arrested in coming days or week.

Is that not true?

A mechanical engineer that deals with day to day cbn branch related issues, currency transaction is selected above others with better qualifications and experience in the required area? That is pure nepotism!

WhatIf:
I stop reading when I got to in his place appointed Mr. Folashodun Adebisi Shonubi who is number three (3).

Tribalism had ate deep into the bone and marrow of many Nigerians......!

Do you expect emefiele to be there forever,?

Nwaetche:
Mr. Shonubi appointment is a sqaure peg on a round hole. He does not have the qualification and requisite experience for that office.

He handles day today operations concerning Branches, Banking services, currency operations, etc. These are areas that anyone with a written SOP and training can handle.

No wonder he failed woefully to implement the redesign Naira program during the last election as that functions falls under his office.

In fact he should be the one to be arrested with Emefiele for the ill-fated Naira redesign instead of being compensated because he is Yoruba like the president.

All these epistle for an acting appointment?

How much tears will you now pour when a substantive person is appointed and happens not to be a yorubaman.....you will look so foolish

First things first, was it Tinubu that promoted her through the ranks?

Nwaetche:
Is that not true?

A mechanical engineer that deals with day to day cbn branch related issues, currency transaction is selected above others with better qualifications and experience in the required area? That is pure nepotism!

Do you read other qualifications that he obtained, and the years of his experience or you are simply just got blindfolded by hatred?

Okay na