Tinubu Nominates ex-SEC DG, Lamido Yuguda as CBN Deputy Governor
- By Metropolix ~
- March 12, 2026 --
- 0 Comment
— Abubakar Yuguda
By Muyiwa Akinola
Ex-Director-General of the Securities and Exchange Commission (SEC), Lamido Abubakar Yuguda has been nominated by President Bola Tinubu as a deputy governor of the Central Bank of Nigeria (CBN).
The nomination is subject to confirmation by the senate, according to a statement on Wednesday by Bayo Onanuga, special adviser to the president on information and strategy.
The president said the nomination aligns with Section 8(1) of the Central Bank of Nigeria Act, 2007.
“Yuguda’s nomination follows the recent appointment of the erstwhile Deputy Governor, Mr Bala Bello, as Special Adviser to the President on Political Economy,” the statement reads.
“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.”
Before his latest nomination, Yuguda had served as the director-general of the Securities and Exchange Commission (SEC) — his last public position, which he held from 2020 to 2024.
He was confirmed by the senate as SEC DG on June 10, 2020.
“He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a BSC in Accountancy,” the presidency added.
“In 1991, he obtained a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.”
The economist is also said to be a fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a charterholder of the CFA Institute.
Yuguda reportedly began his career at the CBN in 1984 as a senior supervisor in the foreign operations department, and later worked as an economist in the Africa department of the International Monetary Fund (IMF) 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.
On February 22, 2024, Yuguda was confirmed alongside 12 persons as members of the monetary policy committee (MPC) of the CBN.
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