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Islamic Banking: Sanusi Lied - Business - Nairaland

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Islamic Banking: Sanusi Lied by odedele: 8:07am On Jul 27, 2011
Anambra State government, in a letter addressed to Aminu Tambuwal, Speaker of the House of Representatives, debunked claims by Sanusi Lamido, governor of the Central Bank of Nigeria (CBN), that the state was one of the beneficiaries of the non-interest loan from Islamic bank.

Eze Echesi, Anambra State commissioner for finance, in an undated letter laid before the House by Uche Ekwenife, expressed displeasure over the CBN governor’s claims when he appeared before the lawmakers, last Thursday, to explain the level of preparedness of the apex bank on the take-off of the proposed cash withdrawal limit and the non interest banking system.

Sanusi had at the appearance before the parliament claimed that Anambra had benefited from the Islamic Banking programme. However, Echesi noted in the letter that: “Anambra State did not at any time take any loan from Islamic Development Bank. Sometime in 2007/2008, Anambra State was one of the three qualifying states, viz: Yobe, Gombe and Anambra, for support from the Federal Government under the ‘National Programme for Food Security Expansion phase support project’

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