PRESIDENT Bola Ahmed Tinubu has nominated former Director-General of the Securities and Exchange Commission, Lamido Yuguda, as Deputy Governor of the Central Bank of Nigeria.
The nomination, which requires confirmation by the Senate, was disclosed today in a statement by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.
According to the statement, the appointment aligns with Section 8(1) of the Central Bank of Nigeria Act, 2007.
Yuguda’s nomination comes after the former CBN Deputy Governor, Bala Bello, was recently appointed Special Adviser to the President on Political Economy.
The presidency urged the nominee to approach the role with dedication and professionalism, emphasizing the importance of supporting Nigeria’s economic stability and growth.
Yuguda previously served as Director-General of the Securities and Exchange Commission from 2020 to 2024.
A graduate of Ahmadu Bello University, he earned a Bachelor’s degree in Accountancy in 1983 and later obtained a Master’s degree in Money, Banking and Finance from the University of Birmingham in 1991.
He is also a Fellow of the Institute of Chartered Accountants of Nigeria and a Chartered Financial Analyst.
Yuguda began his professional career at the Central Bank of Nigeria in 1984 as a Senior Supervisor in the Foreign Operations Department.
He later served as an economist in the Africa Department of the International Monetary Fund between 1997 and 2001 before returning to the apex bank.
He retired from the CBN in 2016 after serving for six years as Director of the Reserve Management Department.
