President Bola Tinubu has nominated a former Director-General of the Securities and Exchange Commission, Lamido Yuguda, as Deputy Governor of the Central Bank of Nigeria.
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The nomination, which is subject to confirmation by the Senate, was announced in a statement issued 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 the 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 read.
The President urged the nominee to discharge his duties with professionalism and commitment to Nigeria’s economic stability and growth.
Yuguda 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, United Kingdom, in 1991.
He is 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 in the Africa Department of the International Monetary Fund between 1997 and 2001 before returning to the CBN.
He retired from the apex bank in 2016 after serving as Director of the Reserve Management Department for six years.
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