TINUBU NOMINATES LAMIDO ABUBAKAR YUGUDA AS DEPUTY GOVERNOR OF CENTRAL BANK, PENDING SENATE APPROVAL

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By: Fasasi Hammad

President Bola Ahmed Tinubu has nominated Lamido Abubakar Yuguda for the position of Deputy Governor of the Central Bank of Nigeria (CBN), pending confirmation by the Senate.

The nomination was announced on Wednesday in a statement from the President’s Special Adviser on Information and Strategy, Bayo Onanuga.

The statement noted that the appointment aligns with Section 8(1) of the Central Bank of Nigeria Act, 2007, which empowers the President to appoint the CBN governor and deputy governors, subject to Senate approval.

Yuguda’s nomination comes after the recent appointment of former Deputy Governor Bala Bello as Special Adviser to the President on Political Economy. President Tinubu called on Yuguda to carry out his responsibilities with dedication, professionalism, and a commitment to strengthening Nigeria’s economic stability and growth.

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Prior to this nomination, Yuguda served as Director-General of the Securities and Exchange Commission (SEC) from 2020 to 2024.

He holds a Bachelor of Science degree in Accountancy from Ahmadu Bello University (1983) and earned a master’s degree in Money, Banking, and Finance from the University of Birmingham, UK, in 1991.

Yuguda is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a Chartered Financial Analyst (CFA).

He began his career at the CBN in 1984 as a Senior Supervisor in the Foreign Operations Department and worked as an economist in the Africa Department of the International Monetary Fund (IMF) between 1997 and 2001, before returning to the CBN.

He later became Director of the Reserve Management Department and retired from the apex bank in 2016 after six years in that role.