Sanusi Lamido and Islamic Banking

By Leo Igwe

I am writing in reaction to the debate over Islamic banking particularly the reckless and unguarded statements by the governor of the Central Bank of Nigeria, Sanusi Lamido. Sadly, Sanusi has, in his desperate bid to foist sharia banking on all Nigerians, been making very careless and insensitive remarks.

Literally he has told Nigerians that whether we like it or not, that Islamic banking has come to stay. I don’t think this is the proper way to handle such a delicate and divisive issue. Sanusi has unknowingly protrayed the islamist sentiments in him.

He has been quoted in several national dallies to have told the Christian Association of Nigeria or anybody opposed to the introduction of Islamic banking to ‘go to court’. He was also quoted to have said “No going back on Islamic banking”, Why Islamic banking is a must” etc. Haaba, is sharia banking is not by force?

It is important to remind Sanusi Lamido that he is the governor of the Central Bank of Nigeria, and not the Urstaz in charge of Islamic or Sharia Bank of Nigeria. He is not the Sheikh who directs Islamic Development Bank in Nigeria. The Central bank is owned by all Nigerians of all faiths and none. Sanusi should stir the affairs of the bank in a way that is religiously neutral and not biased for or against any religion. He should conduct himself in a way that befits a public servant in a religiously pluralistic society, as opposed to his current posture of an Islamic militant and jihadist.

Sanusi should know that what we have in Nigeria is a democracy not a theocracy. And if he wants to introduce Islamic banking and thinks it is good for all Nigerians, he should propose it in a civil manner that is in accordance with our constitution and befits a public servant in a multi religious democracy, not an Islamic theocracy. He should not impose islamic banking on us. He should not use his position to introduce or promote a banking system in line with his religion.

Sanusi should allow the people-Nigerians- to decide.

Comments
72 comment(s)
Post a comment

rosamondsi

Vous en votre for intérieur pourriez voir votre chirurgien esthétique au sein de la matinée, que l'opération et après cela se présenter comme maison par 16 identique jour. comment grossir seins S'il vous en votre for intérieur plaît ne pas interpréter ces données dans cet article comme un opinion médical! Uniquement un chirurgien du plastique au pied de licence peut vous en votre for intérieur procurer un ensemble de informations actualisées concernant les options de chirurgie plastique, un ensemble de méthodes et dispositifs. augmentation des seins Il s'agit de l'option plus naturelle là-bas, cependant c'est aussi le plus récent.

@ IdrisDandi - WHAT DO YOU KNOW ABOUT ISLAM ?

WHAT DO YOU KNOW ABOUT ISLAM ?

Answer: Quite a lot. It is for instance a "religion" founded by

1. An Armed Robber: http://www.faithfreedom.org/Articles/Mahfuzur30411.htm

2. A paedophile: http://www.usc.edu/schools/college/crcc/engagement/resources/texts/musli...

3. A sex addict : http://www.faithfreedom.org/Articles.htm#wives

4. A blood thirsty Mass Murderer
http://www.faithfreedom.org/challenge/massmurderer.htm

http://www.youtube.com/watch?v=zj9gsPMxOWo

A "religion" of "peace", check out how Islam contributes to the "peace" of the world from this site.
http://www.thereligionofpeace.com/index.html

excisionist

WHAT DO YOU KNOW ABOUT ISLAM ?

The kind of background understanding you have about Islam is too poor, i'm not making scoff of anyone here what am just trying to tell you is that have you ever ponder why Micheal Hart put Islamic prophet Muhammed (SAW) on number 1 in his ranking of 100 most influential man in human history? if you wonder why then Google it now and non Muslims views of Islam and his prophet and solve some the problems and questions you are yet to know about Islam. Please stop making or causing confusion of what are yet to know. Let see Islamic Banking as one of other conventional banks we have in the country and let see if it will make it with all the Laws of CBN. Let Nigeria remain our home, let make it great again, let Goodluck enjoy his term violence-free. ASALAMUN ALEKUM (PEACE BE WITH YOU)

Stop causing confusion

I strongly suggest that the writer of this artcle should come down to our beloved Nigeria and make proper research before jumping to unfit conclusions. What he has just done was to cause more confusion in an already confused nation. Islamic Banking does not in any way stop a christian from banking with other banks or even affect his or her banking activities, the CBN governor never imposed it on all Nigerians, the federal constitution provides room for this banking system and a lot of other things. All you would've said is that he chose a wrong time for it due to the current mishaps. Besides, it was introduced by the previous governor. Pls stop this act of hatred

Nigerians need to know who is

Nigerians need to know who is an idiot amongs the 2 of U. Did Sanusi tell U that U must operate with the Islamic bank? Haba Goat Micheal. Kai animals de plenty 4 Niger

Sanusi is an idiot

Sanusi is a low-class man and should be removed from office.
Nigeria is a multiple religious Country, not a country just for Muslims.

In UK, It is called islamic Bank of Britain

@obi moore.
You said "You people should stop fooling yourself by using U.K and other Non-Muslim countries to justify your Sharia Banking, in those places it is known as Non-Interest Banking"

YOU ARE A LIAR !!!! In UK, It is called islamic Bank of Britain.

http://www.islamic-bank.com/

Please get educated. If you don't like Islamic banking, don't patronise it or go to court /. FOOL !

ISlam! ISlam!! ISlam!!!

Islam! ISlam!! Islam!!!

A wonderful religion of peace feared by many people, why? Why is it that anything Islamic send peoples collars rising high. I know the answer:

Because, anywhere there is great lasting trouble in the world, you must hear islamic ... there

Islamist are either behaving sheepishly well in a minority area or wolfishly, blood letting where they are majority. Why?

Muslim themselve know that they do not consider non muslim as humans worhty to govern or hold responsible position and life is nothing to them as far as it is not a muslim life. That is why some elders would not gather to talk to Boko Haram but the moment soldiers came to Borno thay are seeing Jonathan for INNOCENT LIVES' sake. God help us and show people the true religion

Leo....as you rightly

Leo....as you rightly mentioned "The Central bank is owned by all Nigerians of all faiths and none" what is the % of the populance that are Muslims....Islamic banking when implemented is not enforced on any individual its a choice.If you were rightly informed of the banking industries worldwide you will see that Islamic banking is in practice in major banks like the HSBC (Amana Account), Lloyds (Islamic Account). So i suggest people should be informing themselves than responding to issues (matters) ignorantly.

Read the circumstance.

You see, you wouldn't be fussing around if it wasn't for the label used. The term 'Islamic' brought to you this chaos. You would agree with me that if the term was not used, there wouldn't have been all these discussions. In the Holy Qur'an, Allah has waged war between Him and the one that is taking usury(interest). Hence, a solution- Islamic Banking system (non interest banking)- for the Muslim faithfuls.
So, you see, label has got everything to do with banking, atleast this time.

islamic banking

Leo Igwe, you have shown your ignorance. the islamic bank is not replacing the CBN, it is a commercial bank like Zenith, Oceanic, Access etc. when it comes on board, you may choose to do business with it or not, freely. why the worry and the accussations on sanusi. have a positive thinking mind please, it will help ur life.

This issuue can only be

This issuue can only be settled by Competent Court of Law. Even Sanusi cannot drop it at this point. Simply go to court as advised.

RELIGIOUS BANKING BAD OMEN FOR NIGERIA

The issue is not who is afraid of Islamic Banking, Non of us would dare criticise the Banking model if the promoter is not the Governor of Central Bank, that is abuse of office, He is using his position to promote his religious agenda, that is what is really wrong with the Islamic Banking, it means he is using the resources of the state to favour one religion against the other, it also means, the funds for the Islamic Banking will come from the nation's treasury, even as he would like us to believe the contrary. It is only fools who will take this issue lightly, it is a serious problem. Unless we want our country to become the next Afganistan and Pakistan inspite of the BOKO HARAM menace

CALL SANUSI TO ORDER NOW BEFORE IT IS TOO LATE

Nigerians are impoverished, this Islamic Banking will turn Nigeria to full blown Pakistan and Afganistan, this people will start dishing out free arab money to this extremists, the next thing you will see is killing people for not joining their religion. Evil Triumphs when men of good conscience fail to speak up. Lamido Sanusi should be called to order now before his brain child Islamic Banking turns Nigeria upside down. If there was no ultirior motive behind it, the name would have been known as Non-Interest Banking, but sanusi will not take that, he would rather be seen as a Champion of Sharia and Islam that is why he would rather promote it as Islamic Banking even going step further by inaugurating Sharia Advisory council all at the expense of Nigerian peoples money. It is only a dyfunctional country like Nigeria will allow such man to continue to hold his position. Somebody should call this Religious zealot to order now.

You people should stop

You people should stop fooling yourself by using U.K and other Non-Muslim countries to justify your Sharia Banking, in those places it is known as Non-Interest Banking, and that is how it should be known in Nigeria, not Islamic or Sharia Banking, there is no need for Sharia Advisory Council as being proposed by Sanusi, this is pure madness on the part of Sanusi, he is really failing in his responsibility as the Central Bank Governor, one understands his dilemma as he was really trying to fulfill his religious obligation and moreso as Islamic Scholar, he felt it is his duty to use his position to propagate his religion. I personally do not have problem with Non-Interest Banking, but they must be devoid of religious colouration, and operates under the same banking rule, making a seperate rules for them is where the real problem lies, we are no fools.

You people should stop

You people should stop fooling yourself by using U.K and other Non-Muslim countries to justify your Sharia Banking, in those places it is known as Non-Interest Banking, and that is how it should be known in Nigeria, not Islamic or Sharia Banking, there is no need for Sharia Advisory Council as being proposed by Sanusi, this is pure madness on the part of Sanusi, he is really failing in his responsibility as the Central Bank Governor, one understands his dilemma as he was really trying to fulfill his religious obligation and moreso as Islamic Scholar, he felt it is his duty to use his position to propagate his religion. I personally do not have problem with Non-Interest Banking, but they must be devoid of religious colouration, and operates under the same banking rule, making a seperate rules for them is where the real problem lies, we are no fools.

UNCONSTITUTIONAL...

Sanusi is only causing more division among Nigerians. Those calling for Islamic banking should give examples of African countries were it has worked. The only two African countries that practiced it (Sudan & Somalia) are worse of;NB we now have South Sudan & Somalia is a failed State.He wants to put Sharia council in all banks. it is UNCONSTITUTIONAL,and against the law...Sanusi SHOULD BE REMOVED!

NON-INTEREST BANKING IS DIFFERENT FROM SHARIA BANKING

You people should stop fooling yourself by using U.K and other Non-Muslim countries to justify your Sharia Banking, in those places it is known as Non-Interest Banking, and that is how it should be known in Nigeria, not Islamic or Sharia Banking, there is no need for Sharia Advisory Council as being proposed by Sanusi, this is pure madness on the part of Sanusi, he is really failing in his responsibility as the Central Bank Governor, one understands his dilemma as he was really trying to fulfill his religious obligation and moreso as Islamic Scholar, he felt it is his duty to use his position to propagate his religion. I personally do not have problem with Non-Interest Banking, but they must be devoid of religious colouration, and operates under the same banking rule, making a seperate rules for them is where the real problem lies, we are no fools.

RE:Sanusi Lamido and Islamic Banking

The perception, though warsped, of all anti-Islam commentators is borne out of either ignorance or their colonial mentality. In those era, where to attend/enjoy their schools,hospital or other social amenities you must first convert to a christian or forced to do so. This mentality coupled with their vigorous evangelism has been difficult for them to comtemplate that the word Muslim or Islam will still be heard in modern times. Alas, the have failed in all manners and very soon their last weapon-Media propangada will be taken care of and they will be left open like a fish out of water. Islam, just like nature abhore vacuum and has a way of taking care of obtacles on it way without any human intervention.They have eyes yet they cannot see.It's not Sanusi, stop deluding yourselves,its times that is restructuring the imbalances/injustices of the past

Re-Sanusi Lamido & Islamic Bank

I don't know why in Nigeria, when ever a policy, no matter how beautiful it is,the moment it has Islamic bearing our Christian counterpparts would show some despairs even when the policy is optional.This banking system has been operationl in different parts of the globe; including Christian dominated countries such as Britain, Frence and other Carabian nations which are mostly inhabited by Christian.I don't, why the phobia in its implementation in Nigeria, with considerable number of Muslims population.The banking is optional to those who desire for it, including our Christian neigbours.Thesame frivilous allegation were made when Zamfara is implementing Shariah as its legal Code which is exclusively ment for Muslims in Zamfara, but alot of noise was allow to rent Nigerian air space as if the Muslims are not Nigerians.Please I'm here by advising our religious Leaders, in both faith to exercise restrain in their utterances regarding issues of this sort.

Top Priority,,Islamic Banking..?

A structural deformity in both society and government, poor leadership, corrupts politicians, so many ethnicity fighting for survival, religions suspicious. Our economy falling apart, we are not trusted outside our shore, humiliated time and again by international security personel. Radicals muslims make it cleared either their way or the high way.. The CBN make Islamic Banking as its top priority in a virtually collapsing country?..Nigeria is doom, just matter of time..

@ Ibrahim Saad - Islamic banking

This is not about "Banking" at all. It is about imposing Islam on Nigeria at Federal level. Islamic banking may exist but has not succeeded anywhere just as islamic education that Boko Haram is asking for as an alternative to so called Western education. No country has achieved modern development based on Boko Haram's islamic education. Not even Saudi Arabia. You know it and i know it. So, do not pretend.

Why are Muslims always burying their heads in the sand like the ostrich?

@The Man

Are you writing under your real name? I suppose you mean that all Muslims should support injustice against non-Muslims and sheepishly follow outdated ideas. You should have said it directly instead of writing about "pseudonyms". Shame on you

Muhammad

@ obi moore BOFIA Act

@ obi moore BOFIA Act approved by Soludo? Now you see how ignorant a lot of you are. The BOFIA is a legislative Act granting powers on regulation to the CBN not created by Soludo. Secondly, you are also ignorant of why the banks need to be recapitalized. The CBN needs to pull out its money from the system. I won't spend time explaining to you. If you want to learn some elementary finance or economics maybe you could enroll at LASU Agege campus. You would at least get some mediocre education on monetary policies. Did Sanusi say go to court? I say all you ignorant people led by CAN should hang yourselves.

MEND, OPC and Biafra go for your own free for all banking.

You should also, demand for your own CBN funded advisory council for expert on MEND, OPC and Biafra cultures and, a different guidelines to suite your way of life. Do not miss this banking opportunity. If anybody says no, let him/her go to court. Biafran money can be sold as a product. We are going to do to the banking sector what we did to our education then, something has to give in.

Re: Muhammad Danladi by The Man

The Man, why cant you unmasked yourself first. Muhammad is saying the truth and from his view you can feel and touch rationality as thick as the wall of the Kaaba. Why not learn to call a spade a spade. You are the type of people that are causing confusion in this country. So we should all swallow any view not based on superior reasoning but simply because the person proferring it is from my religion, tribe or ethnic group! May fire from thunder consume you.

islamic bankig

islamic banking is legal and the way,and the only way for progresive change in growing economy like nigeria so to hell with enbayers who a the enemy of our great nation nigeria.

islamic bank funding

I really do not know where the fund/capital for islaming banking would come from. Let Sanusi remember that d position of a CBN governor is not forever, he will oneday leave the seat fo others and any move of a man that is made against the Soverign will of God Almighty wheter to favour self, interest/religious group will definitely collapsed one day. It is equally not good to promote an idea which favours ones own group/religion when the general piblic are not in agreement to it.

Sanusi is suppose to take time and effort to introduce & convince the whole populace, who entrusted to him the office of CBN governorship, on the benefits of this banking idea. It is only when the public acceptance is secure that he can implement the idea rather than forcing us to accept it.

On the fianl note, if this idea if not of God it will definitely fail. Do you realise that?

islamic banking

The writer of this article will claim he is educated,this is the type of educated people we have around us who demonstrated naked ignorance all in attempt to fight islam.What has non interest banking got to do with islam or christians.Afterall christians are free to float thier bank if they strongly felt that non interest banking is for muslims only.