The Nigerian Senate on Wednesday confirmed Lamido Yuguda for the position of Deputy Governor at the Central Bank of Nigeria.
In the same session, lawmakers also approved the appointment of Peggy Onwu as an Independent Director on the board of the Nigeria Deposit Insurance Corporation.
Both confirmations came after the Senate reviewed and adopted the report submitted by its Committee on Banking, Insurance, and Other Financial Institutions.
The committee had earlier screened the nominees and recommended their approval based on their qualifications and experience in the financial sector.
The appointments are expected to strengthen leadership within both institutions.
Yuguda will support the CBN’s mandate on monetary policy and financial system stability, while Onwu will contribute independent oversight to the NDIC’s role in protecting depositors and promoting confidence in the banking system.
