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Islamic banking will do the nation no good -Cleric
More reactions have the introduction of Islamic Banking by the governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, as the Director, Post-Graduate Studies, Crowther Graduate Theological Seminary, Venerable (Professor) Andrew Igenoza, argued that the said introduction will not do the nation any good.
Igenoza said this on Sunday while delivering his sermon entitled: “Answering the Divine Call For Our Lives,” at the trinity ordination of nine deacons and two priests, held at the All Souls’ Church, GRA, Abeokuta, that the Holy Bible was also in support of lending money without interest.
The cleric contended that what should be introduced by the CBN should be an interest-free banking, rather than Islamic banking, which was being favoured by a particular religion, adding that nobody should make the country an Islamic state.
Venerable Igenoza submitted that: Nigeria as a secular and pluralistic nation must not do anything that could breach religious harmony among different religious groups with the introduction of programmes or agenda that would not uphold the unity of the nation.
He said, “Nigeria is a secular and pluralistic country and therefore, we must preserve that secularity. Anything which tends to favour any religion more than another is not going to do us any good as a country.
“Even lending money to people without interest is also in the Bible so there is nothing Islamic about lending money without interest. It is also biblical, all we can say is that, it is an interest free banking. It should not be Islamic banking or Christian banking or some other kind of religious banking. That is what we have to guide against. We must not bring religion into our political setting or our economic life.”

More Headlines
- ‘ Cases of rape rise to 84% in Nigeria’
- Dana air crash update: 23 aircrash victims’ families yet to receive compensation
- Mimiko inaugurates new Mother & Child hospital today
- N4.56b pension scam: Female accused hospitalised,trial stalled
- Construction workers hail FG’s decision on Lagos-Ibadan expressway
- Senate adjourns plenary for 1 week, dissolves to Appropriation committee.
- Blackout looms as Egbin power plant breaks down
- FMBN, NEXIM, BOA, IB lose N47bn in 6 months - CBN
- FirstBank wins Nigerian Bank of the Year award
- PDP tackles ACN over Tukur’s comments
- Electricity workers threaten strike over Wamakko
- ‘NDIC prosecuted 55 directors, staff of micro finance banks in 2011’
- Judgment in Oni’s appeal stalled, re-fixed for Jan 8
- Slain banker: Deceased had only 3 wounds -Accused’s father
- Appointments: S/West not marginalised —FCC


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