The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has been elected as the Chairman of the International Islamic Liquidity Management Corporation.

In a statement on Friday, the CBN said Emefiele was elected on Thursday in Jakarta, Indonesia.

The Acting Director, Corporate Communications, CBN, Mr. Isaac Okorafor, said that by this development, Emefiele had also become the head of the general assembly of the financial body comprising nine countries and the Islamic Development Bank, with headquarters in Kuala Lumpur, Malaysia.

The International Islamic Liquidity Management Corporation is a global institution established by central banks, monetary authorities and multilateral organisations to create and issue short-term Shariah-compliant financial instruments to facilitate effective cross-border Islamic liquidity management.

By creating more liquid Shariah-compliant financial markets for institutions offering Islamic financial services, the IILM aims to enhance cross-border investment flows, international linkages and financial stability.

The body’s major mandates include developing a robust Islamic liquidity management as a catalyst for cross-border financial linkages and facilitating effective cross-border liquidity management instruments for institutions that offer Islamic financial series.

The organisation is also charged with the responsibility of enabling a future global finance industry with greater connectivity, stability and sophistication.

The body, which was established in 2010, is open to central banks, monetary authorities, financial regulatory authorities or government ministries or agencies that have regulatory oversight of finance or trade and commerce, and multilateral organisations.

The current shareholders comprise of central banks and monetary authorities of Indonesia, Kuwait, Luxembourg, Malaysia, Mauritius, Nigeria, Qatar, Turkey, the United Arab Emirates and the Islamic Development Bank.

http://investorsking.com/emefiele-emerges-chairman-global-islamic-bank/ mynd44

Ok

Alhamdulillah, we will soon conquer south east also.

When is Mallam Emefiele going for his hajj

What ,does he know anything about Islamic banking principles, which are are quite different from that of Commercial or mainstream banking
Please don't enter a No way out crip oh,if you don't understand its true motive and full principle,kindly back out,to avoid stories that touch

Bet me . he is just been used as attachment to gain importance to Naija . he will soon be replaced by an Aboki once they have used his brain to secure the position .just like they did to Kachikwu and co. U don't joke with the North.

So we are now "islamizing" not only Nigeria but the world now....awon arindin

Use them to get what you want

Relationship of convenience

Are you kidney me! He is not even a Muslim!!

Greatzeus:
What ,does he know anything about Islamic banking principles, which are are quite different from that of Commercial or mainstream banking
Please don't enter a No way out crip oh,if you don't understand its true motive and full principle,kindly back out,to avoid stories that touch

When you head a competent institution you dont need to know everything, there are competent deputies and executives. All you need do is have d final say when presented with the facts and options.
But i can understand your apprehension, we are used to things done the other way round here in nigeria

Bigots gon come to wail

igbos are really repping the world

If not for one thing Nigeria would have been one of the best countries in the world. Imagine benefiting from Islam courtesy of North and benefiting from christainity via the South.

Yet we are still where we are

These followers of the illiterate pedophile "prophet" are cunning o!. What they lack in formal education they make up for with low level cunning.
They think that by making someone who is not one of them a figurehead they can deceive the rest of us.

Shame on anyone who falls for this crap.

I expect IPOD to have resisted the Islamization of Nigeria by this appointment of their very own son.

How would this alleviate d suffering of the masses ?

Islamic republic of Nigeria elect as head of global islamic bank. This have nothing to do with Emeifele !