President Bola 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 was disclosed iin a statement imade available to Newsmen i on Wednesday n Abuja by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.
According to the statement, the nomination has been forwarded to the Senate for confirmation in line with Section 8(1) of the Central Bank of Nigeria Act, 2007.
The presidency explained that the appointment follows the recent redeployment of former CBN Deputy Governor, Bala Bello, who was appointed Special Adviser to the President on Political Economy.
Tinubu urged the nominee to bring professionalism, dedication and commitment to the role in order to strengthen Nigeria’s economic stability and growth.
Yuguda previously served as Director-General of the Securities and Exchange Commission between 2020 and 2024, where he oversaw regulatory activities in the nation’s capital market.
He graduated with a Bachelor’s degree in Accountancy from Ahmadu Bello University in 1983 and later obtained a Master’s degree in Money, Banking and Finance from the University of Birmingham in 1991.
A Fellow of the Institute of Chartered Accountants of Nigeria and a Chartered Financial Analyst, Yuguda began his career at the Central Bank of Nigeria in 1984 as a Senior Supervisor in the Foreign Operations Department.
He later worked as an economist at the International Monetary Fund between 1997 and 2001 before returning to the CBN.
Yuguda retired from the apex bank in 2016 after serving as Director of the Reserve Management Department for six years.
