The former Director General of the Securities and Exchange Commission (SEC), Mr Lamido Yuguda, has been confirmed as a deputy governor of the Central Bank of Nigeria (CBN).
The nomination of the capital market expert was confirmed on Wednesday by the Senate after undergoing screening.
At the plenary today, presided over by the Senate President, Mr Godswill Akpabio, the chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions, Mr Adetokunbo Abiru, submitted a report on Mr Yuguda’s screening to his colleagues, saying he is capable of occupying the position.
Also screened by the upper chamber of the National Assembly was another nominee of President Bola Tinubu, Mrs Peggy Ufanima Onwu, who is to serve as an independent director of the Nigerian Deposit Insurance Corporation (NDIC).
Mr Abiru, whose report was seconded by Mr Wasil Sani, told the parliament that during the screening exercise, the ex-SEC chief demonstrated strong knowledge of monetary policy, financial regulation, and institutional governance.
After deliberations on the matter, the Senate confirmed Mr Yuguda as a deputy governor of the central bank and Mrs Onwu as an independent director of the NDIC.
