Having served in the deputy governor role since October 2018, according to the website of the Federal Inland Revenue Service (FIRS), Shonubi has represented the CBN governor on the FIRS Board since December 9, 2019.

Born on March 7, 1962, he attended the University of Lagos from 1978 to 1983 and obtained a Bachelor of Science in Mechanical Engineering. He further obtained a Master of Science in Mechanical Engineering in 1985 with particular interest in Production Engineering from the same university.

From 1988 to 1989, he began his study in Finance and obtained a Masters’ in Business Administration specialising in Finance.

Shonubi began his working experience as a Consultant Engineer at Mek-and Associates and worked from 1984 to 1989. From 1989 to 1990, he was a Marketing Executive at Inlaks Computers Limited.

He moved to Citibank Nigeria Limited as Head, of Treasury Operations from 1990 to 1993. He joined Agusto & Co. Ltd as a Supervising Consultant from 1993 to 1996 from where he moved to MBC International Limited as Deputy General Manager, Banking Operations and Information Technology in 1999.

In 1999, he joined First City Monument Bank (FCMB) Limited as Vice-President, Operations and Information Technology, and was there till 2002.

In 2003, he moved from FCMB to Ecobank Nigeria Plc as an Executive Director, Operations and Information Technology and, in 2007, he became the Director, Information Technology and Corporate Services, at Renaissance Securities Nigeria Limited.

He was recruited by Union Bank of Nigeria Limited as an Executive Director, Operations, Technology, and Services, from September 2009 to April 2012.

He then became the Managing Director/CEO, of Nigeria Inter-Bank Settlement System Plc from May 2012 to October 2018, after which he became CBN deputy governor.