On Tuesday, April 29, 2026, the Nigerian Senate confirmed two key financial sector appointments.
The confirmations were made during plenary in Abuja.
Lawmakers approved Lamido Abubakar Yuguda as a Deputy Governor of the Central Bank of Nigeria.
Yuguda is a seasoned financial expert with years of regulatory experience.
He previously served as Director General of the Securities and Exchange Commission.
His nomination was forwarded to the Senate by the President weeks earlier.
The Senate Committee on Banking, Insurance and Other Financial Institutions screened him.
During screening, Yuguda outlined plans to support monetary stability and financial inclusion.
Committee members were satisfied with his competence and track record.
The Committee’s report recommending his confirmation was adopted without dissent.
Yuguda’s role at the CBN will involve key policy and supervisory duties.
His appointment is expected to bolster the apex bank’s leadership structure.
In the same sitting, the Senate also confirmed Peggy Onwu to the NDIC Board.
She was also reported in some filings as Peggy Ofanima Onwu.
Onwu will serve as an Independent Director on the Nigeria Deposit Insurance Corporation Board.
The NDIC is responsible for protecting depositors and ensuring banking sector stability.
Independent Directors provide oversight and strengthen corporate governance at the Corporation.
Both confirmations are seen as moves to reinforce Nigeria’s financial institutions.
The appointees are expected to be sworn in and assume duties immediately.
