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CBN Gov, Emefiele Elected Chair Of Int’l Islamic Liquidity Management Corporation

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

CBN’s acting director, Corporate Communications, Mr Isaac Okorafor said that by this development, Mr. Emefiele is also the Head of the General Assembly of the financial body comprising of nine countries and Islamic Development Bank with headquarter in Kuala Lumpur, Malaysia.

The International Islamic LiquidityManagement Corporation (the IILM), is an international institution 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.

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