President Bola Tinubu nominates former SEC Director-General Lamido Yuguda as Deputy Governor of the Central Bank of Nigeria, pending Senate confirmation
President Bola Tinubu has nominated Lamido Yuguda, former Director-General of the Securities and Exchange Commission (SEC), as Deputy Governor of the Central Bank of Nigeria (CBN).
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The nomination, which is subject to confirmation by the Senate, was announced in a statement on Wednesday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.
According to the statement, the appointment was made in line with Section 8(1) of the Central Bank of Nigeria Act, 2007.
Yuguda’s nomination follows the recent appointment of former CBN Deputy Governor Bala Bello as Special Adviser to the President on Political Economy.
“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,” the statement said.
Yuguda previously served as Director-General of the SEC from 2020 to 2024.
An alumnus of Ahmadu Bello University, he graduated in 1983 with a Bachelor’s degree in Accountancy and later obtained a master’s degree in Money, Banking and Finance from the University of Birmingham in the United Kingdom in 1991.
He is a Fellow of the Institute of Chartered Accountants of Nigeria and also holds the designation of 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 in the Africa Department of the International Monetary Fund between 1997 and 2001 before returning to the apex bank.
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He eventually retired from the CBN in 2016 after serving as Director of the Reserve Management Department for six years.
