The Financial Markets Dealers Quotations Group Plc. (FMDQ) has announced the appointment of Mr. Muhammad Abdullahi, currently serving as the Deputy Governor of the Economic Policy Directorate at the Central Bank of Nigeria (CBN), as the Group Chairman of its Board.
Abdullahi’s appointment comes following the retirement of Dr. Kingsley Obiora, the fourth Chairman, effective September 2023.
FMDQ, in a statement on its website on Monday, highlighted Abdullahi’s extensive experience and expertise in various sectors.
Having held pivotal leadership roles in both the private and public sectors and on international platforms, Abdullahi is seen as well-suited to lead FMDQ Group into the future.
His career includes notable contributions to the banking sector and public service, including serving as the Commissioner of Economic Planning and Budget in the Kaduna State Government and later as the Chief of Staff to the State Governor.
Abdullahi’s global experience extends to roles such as serving on the World Bank Expert Advisory Council and working with the Executive Office of the United Nations Secretary-General in New York.
Currently pursuing doctoral research at the Henley Business School, Reading University, United Kingdom, his focus is on Global Value Chains, Informality, and Development in Sub-Saharan Africa.
Abdullahi has stated his dedication to upholding the legacy of innovation and excellence that FMDQ Group is known for.
He stated, “FMDQ Group has established itself as a beacon of innovation and excellence in the Nigerian financial markets over the past decade.
“It is an absolute honour for me to join this significantly important financial market infrastructure, and I am committed to maintaining this legacy and enhancing it to meet the evolving demands of our time.”
Mr. Bola Koko, the Chief Executive Officer of FMDQ Group, welcomed Abdullahi to the organization, expressing confidence in his ability to lead the company to greater heights.
Koko emphasized that Abdullahi’s appointment reflects FMDQ Group’s dedication to maintaining robust governance and strategic leadership as it drives innovation and development across the Nigerian financial markets.
The FMDQ organization provides services in the areas of debt capital, foreign currency, derivatives, and equities markets. It is the first vertically integrated financial market infrastructure organization in Africa.
