THERE were indications yesterday that Christians in Nigeria are considering the idea of setting up their version of non-interest banking.

The association said it expects the Central Bank of Nigeria (CBN) to deploy the same resources it had pushed into Islamic banking to make the planned Christian version a success.

According to Christian Association of Nigeria (CAN), it is studying the amount the CBN had invested in Islamic banking and would demand the same treatment when the Christian outfit is set for take-off.

The new initiative of the association was made public yesterday in Benin City, Edo State, by CAN President, Pastor Ayo Oritsejafor.

He said the CBN should demonstrate that it meant well for Nigeria by introducing non-interest banking and Islamic banking into the economy under uniform guidelines.

Oritsejafor said until the CBN comes out with common modalities for the non-interest banking and then allows any interested party to go into the sector, its current position would continue to hurt the industry.

He said the apex bank’s promotion of Islamic banking under the guise of non-interest banking was heating up the polity.
In a keynote address at the 36th yearly national conference and general meeting of the Nigeria Christian Graduate Fellowship (NCGF) in Benin City, Oritsejafor said it was hypocritical for the CBN and some persons to be promoting Islamic banking in a secular country like Nigeria.

Full story here. . .

http://www.guardiannewsngr.com/index.php?option=com_content&view=article&id=59107:can-plans-christian-banking-after-swedish-model&catid=1:national&Itemid=559

Yes. Show up Sanusi for what he really is.