International Financial Experts Applaud Aregbesola For Judicious Use of SUKUK Bond

Date Posted: October 23, 2017 at 4:46 am

Governor of the State of Osun, Ogbeni Rauf Aregbesola has been applauded for his use of Sukuk Bond by the Managing Director, United Insurance, Sudan,Dr. Tarig Khalil, Professor Ziyaad Mahomed of IFISA, Mounir Aliya from Saudi Arabia and Dr Umar Abdul Mutallab who expressed their satisfaction at the African International Conference on Islamic Finance, in Abuja.



At the event, Dr. Umar Abdul Mutallab who described Aregbesola as fairless, transparent and prudent in financial resources said
“Aregbesola embraced SUKUK when many States and Countries lack the deep understanding of what SUKUK really stands for and utilise the opportunity judiciously. State of Osun under the administration of Rauf Aregbesola has become a reference points to states and Countries ín West Africa which the Federal Government of Nigeria has just key into recently with One hundred billion naira SUKUK bond”.

Meanwhile, Ogbeni Rauf Aregbesola who was represented by the Commissioner of Finance, explained that the decision to have a combination of both the conventional and faith -based bond in its Bond Issuance programme in 2013 was borne out of the desire to ensure easy marketability of the bond and also to further exhibit the current administration’s transparency and accountability in her various financial transactions.

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