By Milcah Tanimu

The Financial Markets Dealers Quotations Group Plc. (FMDQ) has appointed Mr. Muhammad Abdullahi, currently serving as the Deputy Governor of the Economic Policy Directorate at the Central Bank of Nigeria (CBN), as the new Chairman of its Board.

This announcement comes following the retirement of the previous Chairman, Dr. Kingsley Obiora, effective September 2023.

In its statement released on Monday via its website, FMDQ highlighted Abdullahi’s extensive experience and expertise, positioning him well for his new role.

Abdullahi boasts a distinguished career spanning leadership roles across the private, public, and international development sectors, making him a formidable leader for FMDQ Group’s future endeavors.

His past contributions include significant roles in the banking sector and public service, notably serving as the Commissioner of Economic Planning and Budget in the Kaduna State Government, followed by a tenure as the Chief of Staff to the State Governor. Additionally, he chaired the Infrastructure Council, overseeing substantial infrastructure expansion within the state.

Abdullahi’s influence extends beyond Nigeria, having contributed to global platforms such as the World Bank Expert Advisory Council and the Executive Office of the United Nations Secretary-General in New York. Currently pursuing doctoral research at the Henley Business School, Reading University, his focus lies on Global Value Chains, Informality, and Development in Sub-Saharan Africa.

Expressing his commitment to maintaining FMDQ Group’s reputation for innovation and excellence, Abdullahi stated, “FMDQ Group has established itself as a beacon of innovation and excellence in the Nigerian financial markets over the past decade.”

He added, “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.”

Mr. Bola Koko, Chief Executive Officer of FMDQ Group, welcomed Abdullahi to the organization, expressing confidence in his ability to lead the company to greater heights.

“The entire FMDQ ecosystem is delighted to welcome Mr. Muhammad Sani Abdullahi on board,” Koko said. “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.”

Abdullahi’s appointment underscores FMDQ Group’s commitment to maintaining strong governance and strategic leadership as it continues to drive innovation and development across the Nigerian financial markets.

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.