The Senate has confirmed the nomination of Mr. Lamido Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN) and Ms. Peggy Onuwu as an Independent Director on the board of the Nigeria Deposit Insurance Corporation (NDIC).
Their confirmation followed the consideration and adoption of the report of the Senate Committee on Banking, Insurance and Other Financial Institutions during plenary on Wednesday.
The report was presented by the committee chairman, Sen. Abiru Adetokunbo (APC–Lagos), who said the nominees were duly screened in line with statutory requirements.
According to Abiru, Yuguda’s nomination as CBN Deputy Governor complies with Section 8(1) of the CBN Act, adding that he demonstrated strong knowledge of the responsibilities attached to the office during the screening exercise.
He noted that the committee received no petition against Yuguda’s nomination, and confirmed that he had been cleared by the Nigeria Police Force and the Department of State Services (DSS), as well as presenting his Code of Conduct acknowledgment slip.
“The nominee has shown competence, experience and suitability for the position, and the committee is satisfied with his credentials and performance during screening,” Abiru said.
The committee therefore recommended his confirmation, which was subsequently approved by the Senate.
On the nomination of Ms. Peggy Onuwu as Independent Director of the NDIC, Abiru said her appointment aligns with the provisions of the NDIC Act.
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He added that Onuwu also demonstrated adequate professional experience and expertise relevant to the position, with no petition filed against her nomination.
“She was also cleared by the Nigeria Police and the DSS and submitted her Code of Conduct acknowledgment slip,” he stated.
Following deliberations, the Senate confirmed both nominees, affirming their appointments into the Central Bank of Nigeria and the Nigeria Deposit Insurance Corporation respectively.
