In any case, Islam or Sharia does not have the copyright or monopoly on interest- free banking. The function can be performed by any conventional bank that so desires. It does not have to have religious connotation or to come from a religious bank.


So, if Sanusi is not a Sharia agent and feels strongly enough about interest-free banking, all that he needs to do is give licenses or the go ahead to any number of the currently registered Nigerian banks or foreign conventional banks so willing, to add interest-free products to their banking portfolio without religious connotations, restrictions or limitations on customers.

Sanusi Lamido Sanusi maintains that Islamic banking would help tackle the problems of tobacco smoking, alcoholism, gambling and prostitution, etc. in Nigeria. In the first place, I doubt if these problems are peculiar to or worst in Nigeria. The power to make laws for and against tobacco and alcohol indulgence and commerce or the prohibition of gambling and prostitution in Nigeria is vested exclusively by the Nigerian Constitution in the National Assembly. Sanusi Lamido Sanusi, does not agree with this, however.

He believes his power as the CBN Governor supersedes that of the Nigerian National Assembly and allows him to transfer the power to institutions of his choice, including banks, local or foreign, to ban trading in tobacco, alcohol,prostitution, gambling and such other ethical fixations, at least.

Sanusi Lamido Sanusi says Islamic banking focuses on financial intermediation, as opposed to innovation. Is that a virtue? Without innovations, where would the world be today? He says, the Islamic Development Bank (IDB) is financing some Fadama II projects in two Northern and one Eastern states. The Eastern state, Anambra, has since denied taking any such IDB facility. If the other two Northern states took the facilities, Yar’Adua got us into the trap.

What the IDB provided as aid, is on the average N140 million (less than a million dollars), per state. The nearly half a trillion naira allegedly stolen by Nigerian banks’ executives could have taken care of that a million fold, instead of exposing us as a country so cheaply to the ridicule of being aided with pittance, all in the effort of deviously imposing Sharia banking on Nigeria?

A country which is already a melting pot of bitter non-native religious rivalries and acrimonies, and where the Islamic fundamentalist sect, Boko Haram, with the active support of Maghreb’s Al-Qaida sects from neighbouring countries, is now throwing bombs daily, killing dozens of innocent people in public places and sackingchurches and police stations to precipitate a jihad.

The timing to introduce Sharia banking in Nigeria is, therefore, not only extremely troubling; it is an affront to the collective ambition and acumen of a people, struggling desperately to evolve a common destiny.


In October 2002 Sanusi published a paper on ‘The Hudhood Punishments in Northern Nigeria: A Muslim Criticism.’ In July 2003, he presented

“The Shari’a Debate and the Construction of a ‘Muslim’ identity in Northern Nigeria: A Critical Perspective,’ at a seminar at the university of Bayreuth in Germany. In August 2003 he presented ‘Democracy, Rights and Islam: Theory, Epistemology and the Quest for Synthesis’ at an International Conference in Abuja on Shar’ah panel and Family Law in Nigeria and in the Muslim World: A rights-Based Approach.’ These documents confirm Sanusi’s preoccupation and ambition for Nigeria.

NAIWU OSAHON poet and author is leader of World Pan-African Movement.

http://odili.net/news/source/2011/aug/18/506.html

yep

As with most criticisms directed at Sanusi, one word sums it all up; Drivel.
The CBN is an organization with Sanusi as a figurehead, its decisions are not unilateral but a general consensus of its highest policy making committee, If He (Sanusi) is a Sharia agent, then you have to agree that the likes of Tunde Lemo and other Christians/Southerners in the upper hierarchy of the CBN and even Okonjo Iweala (who spoke in favour of Sharia banking) have been completely brainwashed!
As a people that live in a country with obvious animosities between the North and South and automatically Christians and Moslems, it is understandable to have reservations about a seeming ethno-religious coloured policy, but to have our cynicism impede our sense of objectivity and ability to separate issues is what I find worrying.

ekt_bear:

yep

So even one as intelligent as yourself can add his voice/support to the drivel in the OP?
Smh.

frosbel:

In any case, Islam or Sharia does not have the copyright or monopoly on interest- free banking. The function can be performed by any conventional bank that so desires. It does not have to have religious connotation or to come from a religious bank.


So, if Sanusi is not a Sharia agent and feels strongly enough about interest-free banking, all that he needs to do is give licenses or the go ahead to any number of the currently registered Nigerian banks or foreign conventional banks so willing, to add interest-free products to their banking portfolio without religious connotations, restrictions or limitations on customers.

Sanusi Lamido Sanusi maintains that Islamic banking would help tackle the problems of tobacco smoking, alcoholism, gambling and prostitution, etc. in Nigeria. In the first place, I doubt if these problems are peculiar to or worst in Nigeria. The power to make laws for and against tobacco and alcohol indulgence and commerce or the prohibition of gambling and prostitution in Nigeria is vested exclusively by the Nigerian Constitution in the National Assembly. Sanusi Lamido Sanusi, does not agree with this, however.

He believes his power as the CBN Governor supersedes that of the Nigerian National Assembly and allows him to transfer the power to institutions of his choice, including banks, local or foreign, to ban trading in tobacco, alcohol,prostitution, gambling and such other ethical fixations, at least.

Sanusi Lamido Sanusi says Islamic banking focuses on financial intermediation, as opposed to innovation. Is that a virtue? Without innovations, where would the world be today? He says, the Islamic Development Bank (IDB) is financing some Fadama II projects in two Northern and one Eastern states. The Eastern state, Anambra, has since denied taking any such IDB facility. If the other two Northern states took the facilities, Yar’Adua got us into the trap.

What the IDB provided as aid, is on the average N140 million (less than a million dollars), per state. The nearly half a trillion naira allegedly stolen by Nigerian banks’ executives could have taken care of that a million fold, instead of exposing us as a country so cheaply to the ridicule of being aided with pittance, all in the effort of deviously imposing Sharia banking on Nigeria?

A country which is already a melting pot of bitter non-native religious rivalries and acrimonies, and where the Islamic fundamentalist sect, Boko Haram, with the active support of Maghreb’s Al-Qaida sects from neighbouring countries, is now throwing bombs daily, killing dozens of innocent people in public places and sackingchurches and police stations to precipitate a jihad.

The timing to introduce Sharia banking in Nigeria is, therefore, not only extremely troubling; it is an affront to the collective ambition and acumen of a people, struggling desperately to evolve a common destiny.


In October 2002 Sanusi published a paper on ‘The Hudhood Punishments in Northern Nigeria: A Muslim Criticism.’ In July 2003, he presented

“The Shari’a Debate and the Construction of a ‘Muslim’ identity in Northern Nigeria: A Critical Perspective,’ at a seminar at the university of Bayreuth in Germany. In August 2003 he presented ‘Democracy, Rights and Islam: Theory, Epistemology and the Quest for Synthesis’ at an International Conference in Abuja on Shar’ah panel and Family Law in Nigeria and in the Muslim World: A rights-Based Approach.’ These documents confirm Sanusi’s preoccupation and ambition for Nigeria.

NAIWU OSAHON poet and author is leader of World Pan-African Movement.

http://odili.net/news/source/2011/aug/18/506.html

I'm not surprised at the foolishness of this piece as soon as I saw the name of the guy's 'movement'. 90% of the people who describe themselves as being 'Pan-African' are not to be taken seriously
Abeg let someone tell the cretin that 'non-interest banking' is not the same as Islamic banking. Also let him show how Islamic banking in the western world has 'Islamized' or 'Sharia-ed' their societies.

texazzpete:

So even one as intelligent as yourself can add his voice/support to the drivel in the OP?
Smh.


I'm not surprised at the foolishness of this piece as soon as I saw the name of the guy's 'movement'. 90% of the people who describe themselves as being 'Pan-African' are not to be taken seriously

ekt has a major hardon for sanusi - u never noticed

as for frosbel - a fanatic is a broken record that is best considered as background noise

Foolish article. I wonder what people gain from discrediting a good man like SLS, He is a Muslim and there is nothing a cretin like OP Can do about that. So clear your head and revisit his ( SLS's ) achievements so far. We should be happy we still have someone like him in government.

oyb:

ekt has a major hardon for sanusi - u never noticed

If by hardon you mean crush, and by crush you mean I would like nothing better than to crush his windpipe, then you are correct

texazzpete:

So even one as intelligent as yourself can add his voice/support to the drivel in the OP?
Smh.


I'm not surprised at the foolishness of this piece as soon as I saw the name of the guy's 'movement'. 90% of the people who describe themselves as being 'Pan-African' are not to be taken seriously
Abeg let someone tell the cretin that 'non-interest banking' is not the same as Islamic banking. Also let him show how Islamic banking in the western world has 'Islamized' or 'Sharia-ed' their societies.

Clueless is the word I was looking for !

oyb:

ekt has a major hardon for sanusi - u never noticed

as for frosbel - a fanatic is a broken record that is best considered as background noise

Rather be a bloodless fanatic , proud to be one !

Same cannot be said for your blood thirsty brethren in yonder North !!!

If Sanusi is not championing islamic banking for islam course, why is he so desperate about it? Why are the northern religious leaders ready to fight with their blood to ensure islamic banking has a place in Nigeria? Let me go and rest jare, tomorrow is monday.

Sanusi will kill some people here, if the CBN governor had been Christian and Southerner, all of his actions will be deemed good, an example is the way people are bigging up Okonjo Iweala, when I do not see her achievements (give me Ezekwesili anyday).

EnigmAries:

If Sanusi is not championing islamic banking for islam course, why is he so desperate about it? Why are the northern religious leaders ready to fight with their blood to ensure islamic banking has a place in Nigeria? Let me go and rest jare, tomorrow is monday.

Desperate?!
That's what you dumbasses don't get. Just because he has refused to bow down to CAN's bigoted and unreasonable attacks, it means he is 'desperate'?
The man is the CBN Governor, it is his job to issue guidelines to regulate banking activities in Nigeria. if he issues sensible guidelines and unreasonable people are not willing to listen, should he now give up?

EnigmAries:

Why are the northern religious leaders ready to fight with their blood to ensure islamic banking has a place in Nigeria?

You bigot! Why did you fail to mention that many of your southern Christian leaders have vowed to resist islamic banking too?

Typical, resorts to insults when facts cannot be disproved.

An intelligent man or woman will ask, why all the fuss    Why Sharia banking , why can we not then have Christian banking, Voodoo banking etc etc.

Why is only one set of people always requesting for more and more and more and more pounds of flesh.

First we joined OIC by stealth , a failed attempt to introduce Sharia in Kaduna  and now nationwide Sharia banking.

Do you guys research at all, or you just post comments without proper analysis.

Enough said.

Now you can do what you are best at , throw insults !!!