CBN role in Islamic Liquidity Management Corporation under scrutiny
The contribution of a membership fee of N875 million to the International Islamic Liquidity Management Corporation (IILM) by the Central Bank of Nigeria (CBN) as a founding member, is raising suspicions about the apex bank’s resolve on accountability and transparency in it’s operations.
It seems that there are complaints by worried Nigerians that the CBN was forcefully gathering the country into the membership of the Corporation, a supranational entity, organized to float financial instruments to facilitate liquidity management.
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