Central Bank of Nigeria redeploys four deputy governors in management reshuffle
via Punch Nigeria2 min read
The Central Bank of Nigeria has redeployed its four Deputy Governors in a management reshuffle that took effect on June 1, 2026. Dr Muhammad Abdullahi, formerly Deputy Governor for Economic Policy, has been reassigned to the Corporate Services Directorate, with Mr Philip Ikeazor now overseeing the Economic Policy Directorate. Ms Emem Usoro, Deputy Governor for Corporate Services, moved to the Operations Directorate, and Mr Lamido Yuguda transferred from Operations to the Financial System Stability Directorate. These changes alter the leadership of key departments responsible for policy formulation, banking sector oversight, institutional administration, and core operations. The redeployment is expected to strengthen coordination and align leadership responsibilities with the bank鈥檚 evolving priorities, particularly as it implements reforms to enhance regulatory oversight, institutional effectiveness, and macroeconomic stability. The changes also coincide with efforts to reinforce confidence in the financial system and improve policy implementation. In March 2026, President Bola Tinubu nominated Lamido Yuguda as Deputy Governor of the Central Bank of Nigeria, following the appointment of former CBN Deputy Governor Bala Bello as Special Adviser to the President on Political Economy.
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