BREAKING: Senate Committee tells CBN Deputy Governor nominee Yuguda to ‘take a bow privilege’

Senate Committee on Banking, Insurance and Financial Institutions on Wednesday told the Central Bank Deputy Governor nominee, Lamido Abubakar Yuguda during the Committee screening to take a ‘bow and go’, a privilege and respect accorded men who are outstanding in their fields, thereby set in motion for his confirmation by the Senate Committee of the whole during plenary.

Report to this effect, is to be presented to the Senate by its committee on Banking, Insurance and other financial matters during plenary.

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Yuguda who was nominated for the position by President Bola Tinubu last week Wednesday for Senate’s confirmation, was treated with the very privileged treatment of “Take a Bow and Go during his screening earlier in the day by the Senate Committee on Banking.

Because of importance of position of Deputy Governor of Central Bank of Nigeria, the Chairman of the Committee, Senator Adetokunbo Abiru (Lagos East), had wanted members of the committee to ask Yuguda questions on monetary and fiscal policies but a member of the committee, Osita Izunaso (Imo West), moved motion for him to be allowed to take a bow and go.

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Izunaso in moving the motion seconded by Senator Sarafadeen Alli (Oyo South) , argued that in recent times, the committee had screened Yuguda for different important positions and found him very qualified to hold the positions.

“Mr Chairman and Distinguished colleagues, in line with our tradition,the nominee before us for the position of Deputy Governor of 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 monetary control of CBN.

“Personally as Chairman of Senate Committee on Capital Market , I had close interaction with Mr Yuguda as DG SEC and found him eminently suitable for the position of Deputy Governor of CBN nominated for by President Tinubu”, he said.

The Committee accordingly as put to voice vote by its Chairman, voted that Yuguda should take a bow and go , setting the stage for his appointment confirmation by the Senate in few hours from now.

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