Financial Markets Dealers Quotations Group Plc. has announced the appointment of the Deputy Governor of the Economic Policy Directorate at the Central Bank of Nigeria, Mr. Muhammad Abdullahi, as the Group Chairman of its Board.
This development follows the retirement of the fourth
Chairman, Dr. Kingsley Obiora, effective September 2023.
FMDQ announced this on its website on Monday.
FMDQ Group operates as Africa’s first vertically integrated
Financial Market Infrastructure group, providing a range of services across
debt capital, foreign exchange, derivatives, and equity markets.
It noted that Abdullahi brings a wealth of experience and
expertise to his new role.
Having held key leadership positions in the private, public,
and international development sectors, he is well-positioned to lead FMDQ Group
into the future.
In his earlier career, Abdullahi made significant
contributions in both the banking sector and public service. He served as the
Commissioner of Economic Planning and Budget in the Government of Kaduna State,
and subsequently as the Chief of Staff to the State Governor.
His tenure also included chairing the Infrastructure
Council, where he oversaw the largest infrastructure expansion in the State’s
history.
Beyond Nigeria, Abdullahi’s expertise extended to global
platforms, including the World Bank Expert Advisory Council and the Executive
Office of the United Nations Secretary-General in New York.
His ongoing doctoral research at the Henley Business School,
Reading University, United Kingdom, focuses on Global Value Chains,
Informality, and Development in Sub-Saharan Africa.
Speaking about his appointment, the CBN Deputy Governor
expressed his commitment to maintaining FMDQ Group’s legacy of innovation and
excellence.
“FMDQ Group has established itself as a beacon of innovation
and excellence in the Nigerian financial markets over the past decade,” he
stated.
“It is an absolute honour for me to join this significantly
important financial market infrastructure, and I am committed not only to
maintaining this legacy but also enhancing it to meet the evolving demands of
our time,” he added.
The Chief Executive Officer of FMDQ Group, Mr. Bola Koko,
welcomed the apex bank’s deputy governor to the organisation.
“The entire FMDQ ecosystem is delighted to welcome Mr.
Muhammad Sani Abdullahi on board. We are confident that his wealth of
experience and illustrious expertise make him more than capable of leading our
organisation to greater heights of growth and excellence,” he said.
“His appointment signifies FMDQ Group’s commitment to
maintaining strong governance and strategic leadership as it continues to drive
innovation and development across the Nigerian financial markets,” he added.
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