Emefiele elected to head IILM

The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, has been elected as the Chairman of the International Islamic Liquidity Management Corporation.
CBN’s acting Director, Corporate Communications, Mr. Isaac Okorafor, in a statement on Friday stated that by the development, Emefiele had also become the Head of the General Assembly of the financial body, comprising nine countries and Islamic Development Bank.
IILM was established by central banks, monetary authorities and multilateral organisations to create and issue short-term Shari’ah-compliant financial instruments to facilitate effective cross-border Islamic liquidity management.
By creating more liquid Shari’ah-compliant financial markets for institutions offering Islamic financial services, the IILM aims to enhance cross-border investment flows, international linkages and financial stability.
Its current shareholders comprised central banks and monetary authorities of Indonesia, Kuwait, Luxembourg, Malaysia, Mauritius, Nigeria, Qatar, Turkey, the United Arab Emirates and the Islamic Development Bank.

Comments

Post a Comment

Popular posts from this blog

Tight security as Abia council polls hold today

Image
The Commissioner of Police in Abia State, Mr. Adeleye Oyebade, has said the State Police command will provide adequate security across the seventeen local government areas of the State to ensure a smooth conduct of the local government election today. He stated that the Nigerian constitution guarantees that there must be adequate security during elections at the local councils because the people at the grassroots were involved. Oyebade who spoke during a press conference with senior Police officers in Umuahia, the State Capital, pointed out that the command had mapped out its operational plans to secure the State during and after the election. He explained that leaders of various political parties in the State have been briefed regarding the conduct of their candidates and the electorate on the election day. He said, “Every credible election must be well planned, because proper planning prevents poor performance. So those of us that are stakeholders in the State h...
Read more

Confusion As ‘Cross Of Jesus’ Is Sighted In Nasarawa Mosque

Image
Residents of Assakio Development Area in Lafia, Nasarawa State were thrown into confusion on Saturday following the sudden appearance of a strange cross five feet away from a central mosque in the community. The mysterious sighting attracted a mammoth crowd from Assakio and its environs with many praying for forgiveness and blessings. Our correspondent observed that the illuminated cross was projected on to the ground. A 15 year-old-girl, Hajara Hussaini, in an interview with SUNDAY PUNCH, said she first sighted the sign of a cross at about 8pm on Wednesday. Hussaini, who said she had been sent on an errand by her parents, explained that when she saw a strange light, she as gripped by fear and rushed back home to alert her mother, Matan Liman. Confirming the incident to journalists, Matan said she had sent her daughter to visit her grandmother. The middle-aged woman added that her daughter saw the crucifix while returning from the errand. The Chief Imam of Assakio ...
Read more

Empress, Juliet Ibrahim in war of words over domestic violence

Image
Nigerian actress Empress Njama has also decided to voice their opinion on the issue of domestic violence. She however, seem to be the one of the few who has decided to fight for the men. She said, if a man hits a woman, it is called domestic violence but when a woman hit a man, what is it called? “There are men out there who are abused mentally by women through words and abuses than women who are been beaten physically  She however, maintained that she is not in support of men physically abusing a man, just that we needed to get it right on the issue of domestic violence “I’m not saying it is advisable for a man to beat up or assault a woman, but some women are headstrong that they can traumatize their partner mentally to the extent that he has no choice than to beat her up” She also made it clear that no marriage is without its challenges and that the two needs to work together to help it wor...
Read more