Senate confirms Yuguda as CBN Deputy Gov

The Senate on Wednesday confirmed the appointment of Lamido Abubakar Yuguda as a Deputy Governor of the Central Bank of Nigeria (CBN), following a voice vote on the floor of the chamber. The confirmation followed a strong case made for the nominee by Senator Muhammad Danjuma Goje during plenary. “I fully support and thank Mr. […]

The Senate on Wednesday confirmed the appointment of Lamido Abubakar Yuguda as a Deputy Governor of the Central Bank of Nigeria (CBN), following a voice vote on the floor of the chamber.

The confirmation followed a strong case made for the nominee by Senator Muhammad Danjuma Goje during plenary.

“I fully support and thank Mr. President for nominating Lamido Yuguda as Deputy Governor of the Central Bank of Nigeria,” Goje said, adding that he is very qualified.

Goje informed lawmakers that Yuguda, who hails from Gombe State, began his career at the apex bank as a fresh graduate and “rose through the ranks to the position of Director at the Central Bank.”

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“Later, he was appointed as Director-General of the Securities and Exchange Commission, where he also performed very well,” he added.

Describing the nominee as “fully qualified, highly experienced, well-behaved, well-respected, and trustworthy,” Goje urged his colleagues to back the appointment.’’

Following the debate, the Senate dissolved into the Committee of the Whole to consider the report of the Committee on Banking, Insurance, and other Financial Institutions.

In a related development, the Senate also confirmed Peggy Ufanima Onwu for appointment as an Independent Director on the Board of the Nigeria Deposit Insurance Corporation (NDIC).

The nomination was similarly approved through a voice vote.

“The appointment of Peggy Ufanima Onwu as Independent Director on the Board of the Nigeria Deposit Insurance Corporation, NDIC, is hereby approved by the Senate,” the Senate President, Godswill Akpabio, announced.

Our correspondent reports that both nominees had been previously screened by the Senate Committee on Banking, Insurance, and Other Financial Institutions.