The Senate on Wednesday confirmed the appointment of Lamido Yuguda as deputy governor of the Central Bank of Nigeria (CBN).
The upper chamber confirmed the nominee after considering a report by its Committee on Banking, Insurance and Other Financial Institutions, presented by the committee chairman, Adetokunbo Abiru.
Abiru, the senator representing Lagos East Senatorial District, said the nominee had been screened and cleared by the committee earlier in the day.
He noted that Yuguda was found suitable for the position based on his knowledge and extensive work experience, in line with Section 8(1) of the CBN Act.
The senator added that the nominee demonstrated considerable financial expertise during the screening, which satisfied committee members.
The committee chairman, therefore, urged the Senate to confirm Yuguda’s appointment, referencing his expertise and the absence of any petitions against him.
Many senators who contributed to the debate supported the nominee’s confirmation.
Danjuma Goje, the senator representing Gombe Central Senatorial District, seconded the motion for Yuguda’s confirmation as Deputy Governor of the CBN.
Goje, a former governor, said President Bola Tinubu made the right choice in appointing Yuguda to the position.
Thereafter, Senate President Godswill Akpabio put the confirmation to a voice vote, with the majority of senators voting in support.
Tinubu appointed Yuguda as deputy governor in March and transmitted his nomination to the Senate for confirmation last Wednesday, in accordance with constitutional provisions.
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