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Jaiz gets national licence - Chairman
By Hamisu Muhammad | Publish Date: May 17 2016 5:00AM

Chairman Jaiz Bank Plc, Alhaji Umar Mutallab (l)and Sultan of Sokoto, Muhammad Sa''ad Abubakar during a meeting to brief Sultan on the activities of the bank in Abuja Yesterday. Photo: Ikechukwu Ibe.
The Central Bank of Nigeria (CBN) has granted national licence to Jaiz Bank Plc, the Chairman of the bank, Alhaji Umar Mutallab, has said.
Speaking, yesterday, when the board and management of the bank visited the Sultan of Sokoto, Muhammad Sa’ad Abubakar in Abuja, Mutallab said the national licence would enable the bank to roll out its services all over the country.

He said the CBN issued the licence to the bank last week, adding that the development marked the beginning of a new era in the operations of the bank.
Mutallab said that Jaiz Bank group had also acquired the takaful insurance licence and would soon begin operation.
He said the bank had commenced its zakat and waqaf programme.
He said that the bank was currently operating in 13 states with about 26 branches, adding that in about three years from now, the bank would have branches 36 states and FCT.
Speaking, Sultan Saád Abubakar commended the board and the management of the bank, saying that recording what the bank has achieved in short period was a good sign for Islamic banking in the country.
MashaAllah
“Never let Jaiz go down,” the sultan urged the bank’s officials.