commencement of the Islamic
banking system in the country by
Abuja-based Jaiz Bank Plc.
The banking system, which
emphasises interest-free loan
facilities, was introduced last year
by Central Bank Governor, Lamido
Sanusi, although no date was given
for its commencement.
While Muslims have commended
the take-off of Jaiz Bank, some
Christian quarters have described
the quiet commencement as
secretive, with the President of the
Christian Association of Nigeria
(CAN), Ayo Oritsejafor saying
"Sanusi is not a Central Bank of
Nigeria governor but the Islamic
Central Bank of Nigeria Governor".
Other Christian clerics described the
bank as sponsored by people to
create further divide between
Muslims and Christians, with some
calling for close monitoring of the
bank's activities to avoid it being
used to fund terrorist activities. The
interest-free loan system was
however applauded by a few, that it would help ease their pain.
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