The Shariah Scholar who has forced Shariah-Compliant Finance on Nigeria
Lately we’ve been watching the story of how Shariah Banking has begun to infiltrate Nigeria by bypassing the political process there and winning special regulatory concessions that conventional banks don’t enjoy.
Now we offer an article that identifies the personality behind the financial Jihad in Nigeria, Lamido Sanusi, “a Shariah/Arabic scholar,” who heads Nigeria’s central bank and thus is in a position to impose Shariah on the African nation despite the concerns of the national assembly and the conventional banking sector…
Since Lamido Sanusi, came into office as Central Bank of Nigeria (CBN) Governor in 2009, he has been able to successfully weather many storms that arose out of his activities. Records show that he has been able to take on bank chiefs, directors; revoked licenses of about 230 microfinance banks; and even confronted members of the National Assembly in different controversies, and has survived them all.
Interestingly, latest development in the country shows that the Sharia/Arabic scholar has once again, kindled another fire of controversy across the country, and this time, by his introduction of Islamic banking in the country.
Many Nigerians, who hitherto had seen as a joke, his long campaign for the introduction of Islamic banking in Nigeria, were jolted into reality on Monday, June 20, when the news broke of his declaration that the CBN had granted approval – in principle – to Jaiz Bank International Plc, as Nigeria’s first Islamic bank. He was reported to have made the revelation during an Islamic banking forum in Dakar, the capital of Senegal.
As a result of this, many individuals and groups in Nigeria have risen in unison against the development, which they perceive to be an attempt at introduce Sharia into Nigeria banking system, to pave way for eventual “Islamisation” of the country.