Emefiele named chairman, IILM governing board

The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has been elected as the chairman of the International Islamic Liquidity Management Corporation (IILM) on Thursday, December 15, 2016 in Jakarta, Indonesia.

The CBN’s Acting Director, Corporate Communications, Isaac Okorafor in a statement yesterday said that with this development, Emefiele would also assume the Head of the General Assembly of the financial body comprising of nine countries and Islamic Development Bank with headquarters in Kuala Lumpur, Malaysia.

Established in 2010, the body is opened 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.

It noted that 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.