Islamic finance body IILM appoints new Acting CEO


Sept 19 – The International Islamic Liquidity Management Corp (IILM) has appointed Umar Oseni as its acting chief executive after the resignation of Abdoul Aziz Ba, the Malaysia-based organisation said on Wednesday.

The IILM did not give a reason for the departure of Ba, who joined in 2011, saying only that Oseni would lead the organisation until the appointment of a permanent CEO.

Oseni previously served as executive director of legal and compliance and general counsel of the IILM since 2016.

The IILM is a consortium of central banks and monetary agencies from Indonesia, Kuwait, Luxembourg, Mauritius, Qatar, Malaysia, Nigeria, Turkey and the United Arab Emirates, as well as the private sector arm of the Islamic Development Bank.

The IILM launched a short-term sukuk issuance programme in 2013 and it had been considering establishing a medium-term programme to offer a wider range of highly liquid, investment-grade debt instruments for use by Islamic banks.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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