The Nigerian Senate on Wednesday confirmed Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria after a swift screening in Abuja.

His confirmation followed consideration of a report by the Senate Committee on Banking, Insurance and Other Financial Institutions, which conducted a brief screening and endorsed his nomination.

Chairman of the committee, Adetokunbo Abiru, stated that Yuguda met all required qualifications for the position and faced no petitions during the process.

Yuguda, a former Director-General of the Securities and Exchange Commission, was earlier nominated as Deputy Governor of the Central Bank of Nigeria by President Bola Tinubu on March 11.

During the screening process, he was not subjected to extensive questioning, as senators applied their informal “take a bow and go” tradition for nominees considered familiar to the chamber.

The development followed a motion by Osita Izunaso, who moved for the suspension of questioning after committee chairman Adetokunbo Abiru expressed interest in engaging the nominee on monetary and fiscal policy matters.

Izunaso argued that Yuguda had already undergone multiple screenings for senior public offices.

“Mr Chairman and Distinguished colleagues, in line with our tradition, the nominee before us for the position of Deputy Governor of the Central Bank of Nigeria, is well known to us, having screened him three different times in the past for some other very important positions like Director General of Securities and Exchange Commission (SEC) and member of the monetary control of CBN,” Izunaso said.

The motion was seconded by Sarafadeen Alli.

Following the committee’s recommendation, Danjuma Goje moved the motion for Yuguda’s confirmation, which was seconded by other lawmakers.

Senate President Godswill Akpabio then put it to a voice vote, and the chamber overwhelmingly approved the nomination.