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Cardoso welcomes Yuguda as CBN deputy governor

The Central Bank of Nigeria (CBN) Governor Mr Yemi Cardoso has welcomed Lamido Yuguda who formally assumed office on Monday as a Deputy Governor at the apex bank.

Dateline Nigeria reports that President Bola Ahmed Tinubu approved the appointment of Lamido Abubakar Yuguda following the recent appointment of the erstwhile Deputy Governor, Mr Bala Bello, as Special Adviser to the President on Political Economy.

The Governor, Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso (Right) and Mr. Lamido Yuguda shortly after the latter subscribed to the relevant oath and formally assumed office as a Deputy Governor at the CBN, on Monday, May 11, 2026.

Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.

He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy. In 1991, he obtained a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.

He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.

He began his career in 1984 at the Central Bank of Nigeria (CBN) as a Senior Supervisor in the Foreign Operations Department.

He also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001, when he returned to the CBN. He retired from the CBN in 2016, after serving as Director of the Reserve Management Department for six years.

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