RismadarVoice Reporters, March 11, 2026
President Bola Ahmed Tinubu has nominated Lamido Abubakar Yuguda, former Director-General of the Securities and Exchange Commission (SEC), as Deputy Governor of the Central Bank of Nigeria (CBN), subject to confirmation by the Senate.
The nomination was announced in a release on Wednesday, signed by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.
According to the statement, the appointment is 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.
President Tinubu urged Yuguda to discharge his duties with renewed dedication, professionalism and commitment to Nigeria’s economic stability and growth.
Before the nomination, Yuguda served as Director-General of the Securities and Exchange Commission from 2020 to 2024.
An alumnus of Ahmadu Bello University, Zaria, Yuguda graduated in 1983 with a Bachelor’s degree in Accountancy. He 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 (ICAN) and also holds the Chartered Financial Analyst (CFA) designation.
Yuguda began his professional 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 (IMF) between 1997 and 2001, before returning to the CBN where he continued his career until his retirement in 2016 as Director of the Reserve Management Department, a position he held for six years.
If confirmed by the Senate, Yuguda will join the apex bank’s leadership team at a time the government is pushing reforms aimed at strengthening Nigeria’s monetary policy framework and economic stability.
