The Senate on Wednesday confirmed the appointment of Lamido Yuguda as Deputy Governor of the Central Bank of Nigeria, describing him as a square peg in a square hole.
The confirmation followed the consideration of a report by the Senate Committee on Banking, Insurance and Other Financial Institutions, which cleared the nominee after a brief screening process.
Presenting the report, Chairman of the committee, Adetokunbo Abiru, told the chamber that Yuguda was qualified for the position based on his extensive experience and in line with Section 8(1) of the CBN Act.
According to him, the nominee demonstrated strong financial and monetary expertise during his screening earlier in the day and had no petitions against him.
He said the committee found him suitable and urged the Senate to confirm his nomination as Deputy Governor of the Central Bank of Nigeria.
The motion for confirmation was seconded by Danjuma Goje, who declared, “President Bola Tinubu made the right choice on the appointment.”
The Senate President, Godswill Akpabio, subsequently put the question to a voice vote, with lawmakers overwhelmingly endorsing the nomination.
In his remarks after the approval, Akpabio described Yuguda as “a square peg in a square hole” and commended Bola Tinubu for what he termed a fitting appointment.
