President Bola Tinubu has approved the nomination of Lamido Abubakar Yuguda as a deputy governor of the Central Bank of Nigeria (CBN).
The nomination is subject to confirmation by the Senate,
according to a statement on Wednesday by Bayo Onanuga, special adviser to the
president on information and strategy.
The president said the nomination aligns with Section 8(1)
of the Central Bank of Nigeria Act, 2007.
“Yuguda’s nomination follows the recent appointment of the
erstwhile Deputy Governor, Mr Bala Bello, as Special Adviser to the President
on Political Economy,” the statement reads.
“The President charges them to discharge their
responsibilities with renewed dedication, professionalism, and commitment to
Nigeria’s economic stability and growth, in their respective roles.”
Before his latest nomination, Yuguda had served as the
director-general of the Securities and Exchange Commission (SEC) — his last
public position, which he held from 2020 to 2024.
He was confirmed by the senate as SEC DG on June 10, 2020.
“He is an alumnus of Ahmadu Bello University, where he
graduated in 1983 with a BSC in Accountancy,” the presidency added.
“In 1991, he obtained a master’s degree in Money, Banking
and Finance from the University of Birmingham, United Kingdom.”
The economist is also said to be a fellow of the Institute
of Chartered Accountants of Nigeria (ICAN) and a charterholder of the CFA
Institute.
Yuguda reportedly began his career at the CBN in 1984 as a
senior supervisor in the foreign operations department, and later worked as an
economist in the Africa department of the International Monetary Fund (IMF)
from 1997 to 2001 before returning to the CBN.
He retired from the apex bank in 2016 after serving as
director of the reserve management department for six years.
On February 22, 2024, Yuguda was confirmed alongside 12
persons as members of the monetary policy committee (MPC) of the CBN.
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