| Central Bank of Nigeria (CBN), has formally joined International Islamic Liquidity Management Corporation with an initial investment of $5 million. The investment accords Nigeria the full membership of the body. What is not clear, however, is if the investment has the backing of the Presidency that has the power to approve such investment.
At the tail end of Chukwuma Soludo’s tenure, the CBN investment in Africa Finance Corporation became contentious as he was accused of not having Presidential approval for the investment of public funds in AFC. The matter was fully investigated...............................................Full Article: Source
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