President Bola Tinubu has nominated former Director General of the Securities and Exchange Commission, Lamido Abubakar Yuguda, as Deputy Governor of the Central Bank of Nigeria, subject to Senate confirmation.
The nomination was announced in a statement issued on Wednesday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.
According to the presidency, 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.
President Tinubu urged both men to approach their responsibilities with renewed dedication, professionalism and commitment to Nigeria’s economic stability and growth.
Yuguda last served as Director General of the Securities and Exchange Commission from 2020 to 2024.
He graduated from Ahmadu Bello University in 1983 with a degree in Accountancy and later obtained a master’s degree in Money, Banking and Finance from the University of Birmingham in 1991.
He is a Fellow of the Institute of Chartered Accountants of Nigeria and also holds the Chartered Financial Analyst qualification.
Yuguda began his career at the Central Bank of Nigeria in 1984 as a Senior Supervisor in the Foreign Operations Department.
He also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 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.
