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Our Team

Babayo Gamau Saidu - Chairman

Babayo is a consultant and trainer in Non-Interest Banking with over three decades of experience in financial services, management consulting, and project development. He is a director at TDD Ethica Consultants.

Babayo held senior management positions in multiple Banks in Nigeria, including Suntrust bank Nigeria Ltd as Chief Operating Officer (Non-Interest banking), Stanbic IBTC Bank Plc as Group Head in charge of Non-Interest Banking, and Chartered Bank Plc as a Regional Director.

He graduated from The Ohio State University with a BSc in Business Education, BA in Economics and MSc in Banking and Finance from Bayero University kano. A seasoned and respected expert in Islamic Finance. He is the chairman of the Board of Trustees, Non-Interest Financial Institution Association of Nigeria (NIFAN), and a Fellow of the Chartered Institute of Banking of Nigeria (FCIBN).

Ahmed Musa - Chief Executive Officer (CEO)

Ahmed is the Managing Director/CEO of Rasmal Capital Limited. He is an expert in Islamic and Conventional Finance, Retail, Corporate, and Investment Banking with over 21 years of experience working in various organisations, including Financial Services and government.

Before his current role, Ahmed had managed multiple bank branches and supervised the FCT & Northern Region as a Regional Executive at Wema Bank. He started his banking career with Chartered Bank Plc and has stints with Access Bank Plc, Ecobank Plc, and Oceanic Bank Plc as a Group Head and Regional Manager. He also served as the Executive Chairman of the Kogi State Internal Revenue Service (KGIRS).

Ahmed holds an MBA from Johns Hopkins University, Baltimore, an MSc in Islamic Finance from INCEIF, Malaysia, and a B. Sc (Hons) degree in Business Administration from Ahmadu Bello University, Zaria. He has attended leadership and change management courses, Corporate Governance, Strategic Management, Statutory revenue collection, and portfolio and risk management courses in Nigeria, the UK and the United States of America. He is a fellow and associate member of The Chartered Institute of Bankers of Nigeria (CIBN) and The Chartered Institute of Taxation of Nigeria (CITN).

Dr George Nwangwu - Non-Executive Director

Dr Nwangwu is the Managing Partner of Ratio Legal Practitioners Nigeria, Managing Partner of Ratio Consulting Limited and Director General of the Global Center for Law, Business and Economy, Abuja. He has over two decades of experience as a lawyer spanning various aspects of legal practice and academia in Nigeria and the United Kingdom. He is an expert on project finance law and private sector-led finance for infrastructure in Africa, a research fellow at the Department of Mercantile Law, Stellenbosch University, South Africa and an Honorary Senior Research Associate in the Bartlett School of Construction and Project Management, University College London. He holds an LLB degree from the University of Lagos Nigeria, an LLM from the University College London, a PhD from the University of Hull, and an MBA from the University of Oxford, UK.

He taught law at the University of Lagos, Nigeria, and the University of London (external program). Dr Nwangwu participated in the drafting and implementation of several existing statutes and regulations for the Federal Republic of Nigeria. As a DFID World Bank-funded consultant with the Bureau of Public Enterprises (BPE), he held various positions, including Environmental Legal Adviser, Infrastructure Legal Adviser, and Special Assistant to the Director-General of the BPE on legal and strategic issues. He was also the Head of the Strategy and Multilateral Relations Department.

Dr Nwangwu was a special adviser to the Coordinating Minister of the Economy and Hon. Minister of Finance on Public-Private-Partnership (PPP), Infrastructure finance and Head of PPP Division, Federal Ministry of Finance. Dr Nwangwu is an active social entrepreneur responsible for some of the significant utility enterprises in Nigeria and a chartered accountant, financial Consultant, and public policy professional.

Moses Shuaibu Saromi- Non-Executive Director

Moses Saromi is the Managing Director/CEO of First Icon Mutual Capital Limited with over two decades of experience in Financial Services, Project Management, and Advisory Services. He is a director of several companies, including First Icon Holdings, Riverbank Investment Resources Limited, First Mutual Microfinance Limited, and Agricultural Structured Finance Company Limited. Moses graduated from Oxford Brookes University, Oxford, UK, with an MBA in Business Administration. He holds professional certificates and diplomas in Strategic Leadership, Inclusive Finance, and Financial Management from Harvard Business School, Harvard Kennedy School of Government, Cornell University USA, Boulder Institute of Microfinance, Turin, Italy, and the Università Degli Studi Guglielmo Marconi-Italy. He is an alumnus of Sloan Global Programs REAP of the Massachusetts Institute of Technology.

He is a Certified Chartered Accountant (ACCA), an associate member of the Chartered Institute of Marketing of Nigeria, a member of the Chartered Institute of Bankers of Nigeria (CIBN), a member of the National SME Database Technical Working Committee of the Federal Government of Nigeria and the International Microfinance Association. He is an active philanthropist and social entrepreneur who invests in and mentors innovation start-ups across the globe.

Sharia Advisory Board

Dr. Mahadi Ahmad

Dr. Mahadi Ahmad is currently a research fellow at the International Shariah Research Academy for Islamic Finance (ISRA), Malaysia. Prior to joining ISRA, Dr. Ahmad had a stint as a lecturer at the International Institute of Islamic Banking and Finance, Kano. He was also an ISRA Shariah Scholarship Award winner for PhD in Islamic Banking and Finance. He is presently, the chairman, ISRA Zakat committee. He is an expert in Shariah and Islamic Capital Market who bagged a PhD Degree in Law and Shariah from International Islamic University Malaysia. A Post-graduate Diploma in Shariah System of Adjudication and a Bachelor in Shariah from the University of Medina, Saudi Arabia. He is currently an Associate Member and a certified Shariah Advisor and Auditor (CSAA).

Dr. Ahmad Jibrin Suleiman

Dr. Ahmad Jibrin Sulaiman is currently a lecturer at the faculty of law, Ahmadu Bello University (ABU) Zaria. Before joining ABU, Dr. Suleiman had a stint at the Court of Appeal as a Registrar and engaged in General Legal Practice at various reputable law chambers. He was also a Distinction award winner as the best graduating student at the College of Arts and Islamic Legal Studies (CAILS), Minna. He is a researcher and author of many books. He is an expert in Shariah and Islamic Jurisprudence who bagged a Ph.D. Degree in International Law and Islamic Jurisprudence from Sinnar University Sudan. A Diploma in shariah (distinction) from the Arabic College of Art and Islamic Legal Studies, Minna, Niger State. He is a Member of the Nigerian Bar Association.

Qazeem Adedamola Adebumiti

Qazeem Adebumiti holds an MSc in Islamic Finance from INCEIF, Malaysia, and a Bachelor in Shari’ah (LLB Islamic Law) degree from the Islamic University of Madinah, Medina. He is currently a Ph.D. in Islamic Finance student at the Universiti of Teknologi, Malaysia. He is an expert in the Islamic capital market and an astute International Researcher who has contributed to the development of content towards sustainable housing using non-interest models and worked on various literature including the future of the education market landscape for social impact funding. Qazeem has several journals, book publications, and numerous conference papers and presentations. He has over fifteen years of teaching experience at various institutions. He is also well-versed with the technicalities on the compliance of contracts with the ethics of Shari’ah and matters of Sukuk. He has an interest in promoting Shariah scholars aspiring to grow Islamic Finance processes through a sustainable system of practices and innovative ways of imparting knowledge in academia. Adebumiti was a scholarship award recipient of the Saudi Government and INCEIF Malaysia.

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