The Senate has confirmed Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN).
The confirmation follows President Bola Tinubu’s nomination letter to the Senate, made in line with Section 8(1) of the Central Bank of Nigeria Act, 2007.
Senate President Godswill Akpabio referred the nomination to the Committee on Banking, Insurance and Other Financial Institutions, which was directed to report back within one week.
Yuguda brings over four decades of experience in Nigeria’s financial sector. He most recently served as Director-General of the Securities and Exchange Commission from 2020 to 2024.
He began his career at the CBN in 1984 and rose to become Director of the Reserve Management Department before retiring in 2016.
He also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001. 2816
The appointment comes after the reassignment of former Deputy Governor Bala Bello as Special Adviser to the President on Political Economy.
President Tinubu urged Yuguda to carry out his duties with “renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth”.
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