The Central Bank of Nigeria (CBN) has announced the formal assumption of office of Mr. Lamido Yuguda as Deputy Governor of the apex bank.
ASHENEWS recalls that President Bola Ahmed Tinubu nominated Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN). Yuguda’s appointment followed the recent redeployment of the former Deputy Governor, Bala Bello, who has been appointed Special Adviser to the President on Political Economy.
Mr. Yuguda officially assumed office on Monday, May 11, 2026, after subscribing to the relevant oath at the CBN headquarters.
A photograph released by the bank showed the Governor of the CBN, Olayemi Cardoso, alongside Mr. Lamido Yuguda shortly after the swearing-in ceremony.
ALSO READ Senate confirms Yuguda as CBN deputy governor
ALSO READ Tinubu nominates Lamido Yuguda as CBN deputy governor
The development marks the commencement of Yuguda’s tenure as Deputy Governor at the apex bank, where he is expected to support the bank’s monetary and financial system stability mandates.
Yuguda previously served in key regulatory and financial sector roles, bringing years of experience in banking supervision and capital market regulation to the position.
