It does appear that Sanusi is losing it viz a viz the Islamic bank stuff.Its not needed at this time.

How Nigeria Floods Islamic Development Bank with Requests

Anas A. Galadima

20 October 2005

analysis

About two weeks ago, the President of the Islamic Development Bank (IDB), Dr. Ahmed Mohammed Ali, led a nine-man team on a fact finding mission to Nigeria. The purpose of their visit, primarily, was to get first hand information about Nigeria's development challenges and how the bank can come in to provide assistance to aid the country's development efforts. This is sequel to Nigeria's entry as a member of the bank in June this year following its subscription of 4 million shares of the bank.

On arrival in the country, officials of the bank were quick to point out that religion is not a criterion for membership of the bank. This became necessary in order to correct the erroneous impression in certain quarters that a country has to be an Islamic state before it can be a member of the bank.

LINK:
http://allafrica.com/stories/200510200669.html



Nigeria: Donor funds Hit $4.2bn

July 09, 2010 By: babalobi Category: nigeria, nigeria news

The combined funding support by donor agencies including the World Bank, African Development Bank (ADB), International Fund for Agricultural Development (IFAD) and the Islamic Development Bank (IDB) to Nigeria stood at about $4.226 billion for ongoing projects.

Minister of Finance, Mr. Olusegun Aganga disclosed this at the opening ceremony of the 2010 Country Portfolio Review Meetings holding in Abuja.

According to him, the World Bank is currently supporting 24 projects valued at $3.56 billion while ADB has 13 programmes worth $564.17 million. IFAD is currently managing three projects estimated at $72.1 million while IDB has one project valued at $30 million running.

In addition, Director, International Economic Relations Department (IERD), Mr. M. A. Alao also disclosed that sixteen (16) pipeline projects with a tentative credit sum of $2.588 billion are at various stages of preparation.

It also emerged that Nigeria’s Country Performance Indicator (CPI) rating, an important yardstick which determines IDA allocations to countries improved from 3.2 in 2008/2009 to 3.5 in 2010.
As a result, IDA allocation to Nigeria increased from $600 million in 2008 to $1.5 billion in 2010, according to the IERD Director.

Citing a recent World Bank report, Alao said Nigeria’s portfolio when compared in terms of disbursement, rates as number one in Africa and third globally coming after Vietnam and China.
Tags: ADB, african development bank, Bank, Donor, IDB, IFAD, International Fund for Agricultural Development, Islamic Development Bank, money, Mr. Olusegun Aganga, news, nigeria, nigeria government, nigeria news, nigeria news online, nigeria newspapers, world bank

Guys its simple, if you want islamic bank, f***ing build your own. That man is intentionally sabotaging banks to promote his abomination. If you want islamic bank, tell your rich to build one that you can use. You can even make it exclusively for muslims. Same goes for those who want amadioha bank and oduduwa bank. F****cking build your own. Dont sponsor any religious activity with the federal purse.

ebere1712:

Guys its simple, if you want islamic bank, f***ing build your own. That man is intentionally sabotaging banks to promote his abomination. If you want islamic bank, tell your rich to build one that you can use. You can even make it exclusively for muslims. Same goes for those who want amadioha bank and oduduwa bank. F****cking build your own. Dont sponsor any religious activity with the federal purse.

ok

alj_harem:

ok

I said that because the guy is deliberately killing existing banks to push his agenda. He has caused over 30000 people to directly loose their jobs. DO you know how long it takes Nigeria to create 30000 formal jobs? Not to be rude to any musims but the guys actions is a complete abomination.

ebere1712:

I said that because the guy is deliberately killing existing banks to push his agenda. He has caused over 30000 people to directly loose their jobs. DO you know how long it takes Nigeria to create 30000 formal jobs? Not to be rude to any musims but the guys actions is a complete abomination.

ok

but he is just doing his job

when soludo was liquidizing banks then, no one spoke of the job lost he created

he told each bank to get 25 billion or so as capital based and lots of banks we bankcrupt and collapsed, infact some even chased majority of there wrkers away and closed some branches

i did not see any animosity back then

now sanusi is doing his job, people are angry

please u people should be honest for once

@ezeuche Since when Nigeria is a secular nation ? Nigeria is one of the most religious and superstitious  nation on earth
I think since Muslims are under represented on NL you guys think people would care about your non sense
I think Christians in Nigeria are abusing their  power to infiltrate the federal government institutions public media schools hospitals employing them corruptly as means of evangelization they conduct religious services walk their "miracle" on state radio Religion in Nigeria get more time than health science and technology
Christians imposed their religious holidays on an entire nation the church should impose her holidays on its own members not on entire nation so you guys behave as you please as if Nigeria belong only to you I think Nigerian Muslims need to be more aggressive in defending their rights and flaunting your Christianity on all nation will only bring to you more backlash and radicalization

Religious bigotry is obviously the new cool in Nigeria, even ignorant religious leaders are jostling for their own piece of the bigotry action.

Who said nigeria is a secular country,udnderstand the meaning of secular u dumb brains.and islamic bank or christian bank etc is not a problem.use if u want,dont if u neednt.its ur choice.

Araboy:

@ezeuche Since when Nigeria is a secular nation ? Nigeria is one of the most religious and superstitious  nation on earth
I think since Muslims are under represented on NL you guys think people would care about your non sense
I think Christians in Nigeria are abusing their  power to infiltrate the federal government institutions public media schools hospitals employing them corruptly as means of evangelization they conduct religious services walk their "miracle" on state radio Religion in Nigeria get more time than health science and technology
Christians imposed their religious holidays on an entire nation the church should impose her holidays on its own members not on entire nation so you guys behave as you please as if Nigeria belong only to you I think Nigerian Muslims need to be more aggressive in defending their rights and flaunting your Christianity on all nation will only bring to you more backlash and radicalization  

who is the ediooooot with internet access? Do you have to write like you are reeeetarded to make a dumb point. in defending their rights and flaunting your Christianity on all nation will only bring to you more backlash and radicalization  
[quote][/quote] who is the ediooooot with internet access? Do you have to write like you are reeeetarded to make a dumb point.

For Idiot that called the Cardinal a "STOOPID MAN", i guess he is referring to his great-grand-father and all his entire idiot generation. Again, whoever claim that the Islamic Banking System is a muslim thing just like sharia should pause and think again. The moslems lied to us when they made us believe that sharia will affect only the moslems, but why do we have christian faithfuls BOMBED by boko haram simply because they are relaxing in beer parlours Who do they think they are deceiving MSCHEEEWWWWWW!!!

Never trust a Muslim (including the glasses wearing Sanusi Malam). They are too subtle,very crafty and dangerously wicked. That Bank is really not right for this nation. We all know what they have used religion (especially sharia and Boko Haram) to achieve in the north. They are of their father and it is the will of their father that they shall fulfill.

What is wrong with these people? that is how they wrote Arabic on our currencies until recent, From all the argument, it shows that, there are hidden motive behind this Islamic banking of a thing,
You can see some calling cardinal a fool, the man must old enough to be his or HER ground father
I wonder if Islam is truly religion of peace as professes
when to me i believe ISLAMIC BAKING WILL DIE A NATURAL DEATH JUST LIKE THEIR PAST NUMEROUS MOVES,

andromida« #4 on: Yesterday at 10:24:13 AM »

There is need to clarify the misconception in some quaters who constatntly throw up questions like why do we not go to work on sunday? it just so happens that christians go to church in large droves on sunday which happens to be  one of the weekend days. Sunday is not declared a rest day so that christians can worship in peace, weekend is inherited from our colonial days in a lot of places in the world,saturday and sundays are weekend days. Though people will say things like afterall saturday and sunday are weekend by christian calendar but that is another arguement for another day.

So you think hell will not be let loose if we choose Mondays and Tuesdays as rest days?.
This blind hatred for anything Islamic is becoming ridiculous.

I can see the begining of Sanusi' dawnfall, wacth it out

WHEN ARABIC WAS BOLDLY WRITTEN ON OUR CURRENCIES FOR YEARS MUSLIMS COMMUNITY SEE NOTHING WRONG ABOUT IT,

THEY ARE NOW TALKING ABOUT CHRISTIAN DOMINACY, IF THE PROJECT FAILS WHO WILL PAY BACK ALL THESE DONORS ( WORLD BANK, ADB ETC) OR ARE THEY FAHTER CHRISTMAN?
TIME SHALL TELL

The supposed benefits of Islamic Banking, and its supposed existence in certain western countries in Europe and America do not address the real issue here which is that: Nigeria is a HIGHLY polarized country that is characterized by inter-religious intolerance and recurring violent clashes between the mostly illiterate and unproductive Muslim north, and the educated, economically productive Christian south. Introducing any kind of banking system that is couched in Islamic religious principles would certainly exacerbate religious tension between these strange-bedfellows in the north and south. Make no mistakes about that.

The problem with Nigeria is that no academic or theoretical principles seem to work well in our system. Our local reality is such that makes seemingly 'good' innovations impracticable here. Sanusi's policies are certainly out of touch with local realities. First was his proposal to limit the amount of cash transactions in the banks - forgetting that Nigeria is essentially a cash-economy that yet lacks the infrastructure to support cash-less and card-based transactions on a large scale. Now he is talking about Islamic banking - in a country that is renowned for religious tension between Christians and Muslims - worsened by the extreme illiteracy and ignorance in the latter category.

Someone needs to get Sanusi's head off the clouds, and make him wake up and smell the coffee. Unless of course he is deliberately pursuing a hidden agenda - in which case he should be booted out of the CBN. The man's imperiousness and delusion of grandeur already stinks to high heavens.

ebere1712:

Guys its simple, if you want islamic bank, f***ing build your own. That man is intentionally sabotaging banks to promote his abomination. If you want islamic bank, tell your rich to build one that you can use. You can even make it exclusively for muslims. Same goes for those who want amadioha bank and oduduwa bank. F****cking build your own. Dont sponsor any religious activity with the federal purse.

Gbam!
@alj_harem, comparing holy communion with sharia is not so bright.

If I may ask, what is Islamic banking? What are the pros and cons, compared to secular banking?

In my view, there should be no restrictions regarding banking system the bank chooses to adopt, customers should be able to make an informed choice between a secular bank and an islamic bank, that is all.

What has a cardinal got to do with whatever method people choose to keep their money?

Pls read dis on Islamic banking. http://www.weekly.dailytrust.com/index.php?option=com_content&view=article&id=6421:please-leave-our-bank-alone&catid=44:saturday-column&Itemid=113

Islamic Banking is not a good idea for Nigeria.

too many have barked and I’m sure they know they are making no sense at all and it will take them nowhere. So they feel it’s time for this okogie guy to come out and make a final loser attempt.

you just need to Google the words "Islamic banking nairaland" and see the too many threads already created thanks to the irresponsible statements by these semi-literate and ill-intended men:

http://www.google.co.uk/search?q=islamic+banking+nairaland&rls=com.microsoft:en-us:IE-SearchBox&ie=UTF-8&oe=UTF-8&sourceid=ie7&rlz=1I7ADFA_en

as for this Okogie who is trying to interfere in politics and governance I really don’t understand how this man who represents the "archdioceses of Lagos" has the guts to open his mouth and tell us that Muslim Nigerian citizens have an agenda to Islamize Nigeria. he is sitting down there representing the "archdioceses of Lagos". he is directly reporting to the pope, who is the head of state of the Vatican. He is committing treason by being loyal and representing the interest of another state and telling us others have an agenda to Islamize Nigeria. does he think that he does not have an agenda to "Christianize” Nigeria? or does he think he is fooling anyone?

Another point he made was that Nigeria is too volatile for us to have an Islamic bank and it will increase tension in the country. He forgets that he is the one doing exactly that and openly through his provocative statements against the Muslims of the country. I hope that the Muslims this time around will not forget the ill-intentions of these so called Christian leaders and that in the near future they will live to be held accountable for their misbehavior. If these careless men do not issue empty statements to increase the tension, there is no tension at all.

When redeem and other Christian groups open schools and universities in the country, the Muslims do not object.or have we forgotten the catholic mission? Muslims see it that everyone is free to attend the school of his choice. But when Muslims want to open an Islamic institution that is legitimate and is their right, this man is talking as if he does not have the choice not to bank with a non-Islamic bank. He is talking as if Muslims care about him or they are begging or forcing him to bank with an Islamic bank. Okogie should know that in Nigeria there are things he cannot kick against because if he tries to do that, his leg will break! I admire the strength, patience and maturity of the Muslim leaders so far who have ignored all these provocative statements against them by these so call Christian leaders so that there is no tension as these ill-intended men want to picture it and make tension happen.


the funny part of it all is pointing an accusing finger at Sanusi.what has he got to do with islamic banking?there are muslim businessmen using their hard earned and private money to invest in an islamic banking system.are they not free to do business the way they like?are they not free to practice their faith?are they not free to use their money the way they like?

Pope says yes to Islamic banking, Cardinal Okotie says no. The cardinal is towing the line of sedition in Catholism and is the real trouble maker here with the likes of Oritsejafor. Arab boy is right, Christians have been brought-up to think they are superior to Muslims in Nigeria. Hence, they feel insulted that Muslims actually have an alternative financial system which has been endorsed by the highest Christian body in the world- The Vatican. The government is pushing the Islamic banking agenda and rightfully so. President Jonathan wants to be a billionaire in dollar terms before he leaves office and is deaf to your rantings laced with bigotry- I find that highly interesting. Fresh Air is here, enjoy it!

Those referring to Papal or Vatican Newspaper position on Islamic Banking missed the point. Nobody is saying that the spirit and letters of Islamic Banking Operation is not beneficial and i understand the Pope was urging Europe to buy into that to salvage the economic crisis, you were therefore portraying his position out of context! There is a world of difference in the European context and what is obtainable here. Nigeria is a highly Volatile Country which can be easily ignited by religious sentiments especially by our Muslim brothers. (Gideon Asoluka from my area as a case study)
The Cardinal has expressed the reservations of the local church and indeed that of most Nigerians of discerning minds. He is therefore speaking in the Nigerian context. The way Sanusi and his cohorts are going about this smacks of suspicious intent and it behoves on the Chief Cleric to speak. Unfortunately, as one of the commentators noted here, there may not be any chick to slap as in most cases, these perpetrators of violence prefers cutting off the head! when the situation gets out of hand.
Bad luck for them these days, Tooth For Tat

OK for you islamic banking is beneficial and you have no problem with it except that Nigeria is a volatile country. Good because Boko haram is volatile,so Nigeria should not introduce educational programmes? because Nigeria is volatile we should not practice democracy?see how you think.

maclatunji:

Pope says yes to Islamic banking, Cardinal Okotie says no. The cardinal is towing the line of sedition in Catholism and is the real trouble maker here with the likes of Oritsejafor. Arab boy is right, Christians have been brought-up to think they are superior to Muslims in Nigeria. Hence, they feel insulted that Muslims actually have an alternative financial system which has been endorsed by the highest Christian body in the world- The Vatican. The government is pushing the Islamic banking agenda and rightfully so. President Jonathan wants to be a billionaire in dollar terms before he leaves office and is deaf to your rantings laced with bigotry- I find that highly interesting. Fresh Air is here, enjoy it!

And will the POPE ban Cardinal Okogie for saying his mind? no.

Nigeria is a secular state,  The Vatican  is not.

The constitution is not influenced by any religion, it recognised all religion in Nigeria.

Na so Jonah go dey sleep till everything goes out of control.

LagosShia:

too many have barked and I’m sure they know they are making no sense at all and it will take them nowhere. So they feel it’s time for this okogie guy to come out and make a final loser attempt.

you just need to Google the words "Islamic banking nairaland" and see the too many threads already created thanks to the irresponsible statements by these semi-literate and ill-intended men:

http://www.google.co.uk/search?q=islamic+banking+nairaland&rls=com.microsoft:en-us:IE-SearchBox&ie=UTF-8&oe=UTF-8&sourceid=ie7&rlz=1I7ADFA_en

as for this Okogie who is trying to interfere in politics and governance I really don’t understand how this man who represents the "archdioceses of Lagos" has the guts to open his mouth and tell us that Muslim Nigerian citizens have an agenda to Islamize Nigeria. he is sitting down there representing the "archdioceses of Lagos". he is directly reporting to the pope, who is the head of state of the Vatican. He is committing treason by being loyal and representing the interest of another state and telling us others have an agenda to Islamize Nigeria. does he think that he does not have an agenda to "Christianize” Nigeria? or does he think he is fooling anyone?

Another point he made was that Nigeria is too volatile for us to have an Islamic bank and it will increase tension in the country. He forgets that he is the one doing exactly that and openly through his provocative statements against the Muslims of the country. I hope that the Muslims this time around will not forget the ill-intentions of these so called Christian leaders and that in the near future they will live to be held accountable for their misbehavior. If these careless men do not issue empty statements to increase the tension, there is no tension at all.

When redeem and other Christian groups open schools and universities in the country, the Muslims do not object.or have we forgotten the catholic mission? Muslims see it that everyone is free to attend the school of his choice. But when Muslims want to open an Islamic institution that is legitimate and is their right, this man is talking as if he does not have the choice not to bank with a non-Islamic bank. He is talking as if Muslims care about him or they are begging or forcing him to bank with an Islamic bank. Okogie should know that in Nigeria there are things he cannot kick against because if he tries to do that, his leg will break! I admire the strength, patience and maturity of the Muslim leaders so far who have ignored all these provocative statements against them by these so call Christian leaders so that there is no tension as these ill-intended men want to picture it and make tension happen.


the funny part of it all is pointing an accusing finger at Sanusi.what has he got to do with islamic banking?there are muslim businessmen using their hard earned and private money to invest in an islamic banking system.are they not free to do business the way they like?are they not free to practice their faith?are they not free to use their money the way they like?

You seems not to know Cardinal Okogie, maybe you  just came to 9ija, go and ask Abacha, Ibb.e.t.c

The only Bigot i see here is SANUSI and his Muslim folks.

We all saw how Northern governor use their Sharia to intimidate fellow Christian in North.

The-same  Northerners come to the south and nobody oppress them with religious laws.

Now SANUSI is doing the-same in banking.

Yet call Nigeria a Non-religion state.

Aderupoko2:

Na so Jonah go dey sleep till everything goes out of control.

its like these so called christian leaders are taking advantage of the president and sabbotaging his rule.maybe because the president is christian they think nigeria is now a christian country.they forget that millions of muslims accepted and voted for Jonathan and rejected Buhari.or do these semi-literate men think islam only has to do with the north?or do they think islam is a hausa religion?the President needs to warn them to stop their provocative and diversive remarks against muslims which can threaten peace and tolerance.

if nigeria is volatile,then christian leaders should not issue any statement because of the fear of inciting hatred and violence.or may be they should suggest the government close their money-making churches.or the government should close down all religious houses in the country?

emmatok:


You seems not to know Cardinal Okogie, maybe you  just came to 9ija, go and ask Abacha, Ibb.e.t.c

The only Bigot i see here is SANUSI and his Muslim folks.

We all saw how Northern governor use their Sharia to intimidate fellow Christian in North.okogie is just one man just like any other cruel or powerful personality.he cannot stand against the wish of muslim nigerians who make up close to or more than 80 million.

The-same  Northerners come to the south and nobody oppress them with religious laws.

Now SANUSI is doing the-same in banking.

Yet call Nigeria a Non-religion state.

well thank you for informing us who okogie is:the christian abacha!or maybe the catholic hitler (official).

sanusi is only doing his work.he cannot tell muslim businessmen that they cannot form a bank because it uses an islamic banking system.if he does that sanusi knows he would have done wrong to risk his job.if okogie likes let him use his money and open a "christian bank".sanusi will approve his bank as well.okogie and his likes should stop criticizing everything out of religious hatred and jealousy.okogie and his likes should stop criticizing destructively.

rhymz no wonder a bigot monkey like you has no clue about the issue

LagosShia:

well thank you for informing us who okogie is:the christian abacha!or maybe the catholic hitler (official).

sanusi is only doing his work.he cannot tell muslim businessmen that they cannot form a bank because it uses an islamic banking system.if he does that sanusi knows he would have done wrong to risk his job.if okogie likes let him use his money and open a "christian bank".sanusi will approve his bank as well.okogie and his likes should stop criticizing everything out of religious hatred and jealousy.okogie and his likes should stop criticizing destructively.

Are you saying Sanusi'as action is influenced by the "muslim businessmen"?

The-same muslim businessmen with investments in FBN,UBA, UNION BANK, e.t.c.

Why did't The-same muslim businessmen influence SOLUDO?

Now you know Sanusi has an agenda.

This man is deranged. Yes, no apology. As religious as he wants us to believe, calling Nigeria a secular state is stupid and ideotic.

That he would make sure Islamic banking system does not see the light of the day is dissappoint. Who tells him, he himself will be arround when it starts full operation.

Tell him to embrace the wind of change before he and his cohorts get blown away.