gidiMonsta:

The fact that you choose to hurl insults at me rather than bring up a counter argument to the points I raised shows your level of bias and bigotry.

I'll ask again; what part of the laws of the Federal Republic of Nigeria forbids the CBN from granting license to a religious bank? How does Islamic banking affect you?

violent:


What evidence do you have to prove that the Judge's statement must be very flawed? He's a Federal High court Judge and must have spent several years of his life studying and debating issues in Nigerian Law, what grounds do you have, either through experience or knowledge to challenge his claims?

He mentioned that there are no laws that gives the CBN powers to issue such license, and you,- a stu[i]p[/i]id cu[i]n[/i]t, probably without a dose of knowledge on the Nigerian constitution - are asking to see what laws prohibit the CBN from issuing such licence? The CBN as an insitution has it's boundaries and it's powers are defined within an act of the National Assembly!

What has this gotten to do with Church-owned Universities? We are talking about the deliberate, shameful, infamous, attempt to circumvent provisions of Nigerian laws by the people that ought to be role models of the society, and you are foaming trash about Christian owned Universities....who the hell said this is about religion? If the establishment of those Universities are not provided for by an act of the National Assembly then they must be illegal and should rightly be shut down as should this little infamous islamic banking project!

I am sick and tired of hypocritical Nigerians who demand integrity, honesty, Justice and selflessness from their leaders, but are themselves happy to see the law pissed upon as long as it suits their own selfish religious/tribal interests!

Kobojunkie:

Islamic law is not LEGAL according to Nigerian constitution. If you love it so much, go to countries where it is legal and take advantage of them to your hearts content. In Nigeria it is ILLEGAL and so should be done away with.

Onyocha: CORRECTION:

it was not Sanusi that started the Islamic Banking provision or gave it license.it was a christian and an igbo man that did.Charles Soludo is his name.

as for the confused judge,he really does not have a clue on how to promote his religious bias and sentiments.he is lost.the way a bank decides to operate its business solely have to do with the owners of the bank and whether or not the CBN approves of that mode of operation.as far as the Islamic Bank does not force anyone to bank with it,there is no question of constitutionality.

if the name "Islamic Bank" is what is tormenting Christians,christians should open their christian banks and charge interest.Oyedepo,Adeboye and Oritsejafor are all very rich men.

if the constitutionality of Islamic Banking is put into question,then Muslims too would have the right to question christian and muslim schools and universities where students are forced to follow a religion they do not adhere to.

by Onyocha: 10:43am
CORRECTION:
it was not Sanusi that started the Islamic Banking provision or gave it license.it was a christian and an igbo man that did.Charles Soludo is his name.
as for the confused judge,he really does not have a clue on how to promote his religious bias and sentiments.he is lost.the way a bank decides to operate its business solely have to do with the owners of the bank and whether or not the CBN approves of that mode of operation.as far as the Islamic Bank does not force anyone to bank with it,there is no question of constitutionality.if the name "Islamic Bank" is what is tormenting Christians,christians should open their christian banks and charge interest.Oyedepo,Adeboye and Oritsejafor are all very rich men.if the constitutionality of Islamic Banking is put into question,then Muslims too would have the right to question christian and muslim schools and universities where students are forced to follow a religion they do not adhere to.

naijaking1: What in the world did the judge mean by saying that the plaintiff has no locus, even a Nigerian citizen?

the CBN acts, rather that list all the million things the CBN cannot do, believe it's expedient and practical to list only the things the CBN may exercise powers over. Anything beyond those powers given is illegal. If the establishment of an Islamic Bank is beyond the provisions of the CBN's powers, then it's illegal simple as ABC.

naijaking1: Please lawyers in the house help; what in the world did the judge mean by saying that the plaintiff has no locus, even a Nigerian citizen?

aguiyi:

you done come again with your self contradiction abi

Leqsy: cccccc.....u gat problems

Onyocha: CORRECTION:

it was not Sanusi that started the Islamic Banking provision or gave it license.it was a christian and an igbo man that did.Charles Soludo is his name.

as for the confused judge,he really does not have a clue on how to promote his religious bias and sentiments.he is lost.the way a bank decides to operate its business solely have to do with the owners of the bank and whether or not the CBN approves of that mode of operation.as far as the Islamic Bank does not force anyone to bank with it,there is no question of constitutionality.

if the name "Islamic Bank" is what is tormenting Christians,christians should open their christian banks and charge interest.Oyedepo,Adeboye and Oritsejafor are all very rich men.

if the constitutionality of Islamic Banking is put into question,then Muslims too would have the right to question christian and muslim schools and universities where students are forced to follow a religion they do not adhere to.

ceejay80s: Have u heard of saint anthony bank, saint dominic bank, saint jude bank, saint charles bank? Then why will there be a mohammed bank?

ismhab:
Is better for u to go back to yaba hospital, ur number six is no longer working u need rubber brain, u are sick and u need special artificial monkey or donkey brain transplantation.

gidiMonsta:

So because the christians didn't start it makes it illegal?

BTW: Christian laws forbid ursury in business transactions.

linearity:
If CBN grants a bank a license in violation of the constitution, I do not think ordinary citizens have locus standi to sue to address the violation.

gidiMonsta: Islamic banking again? I tire for this islamophobists oo.

The Judge's statement is very flawed and if he had ruled in favour of Godwin, the CBN would have had the judgement easily thrown out at the Supreme Court. The judge knows this hence his locus standii excuse, there is no law that states that the CBN cannot issue a license to a bank to run Islamic banking.

I don't know what all the fuss is about, heck! There are Church-owned Universities in Nigeria that forces all students to take bible study classes, is that NUC approved?

Nigeria is a secular state, where you're free to practice ur religion as long as it doesn't infringe on others, so unless someone can tell me how Islamic banking affects you now and not some conspiracy crap, y'all can stop making noise and let's move on to more pressing issues.

ismhab:
Because we want our life activities to be guided according to islamic injunctions, after life there is dead and u will be judge by Almighty God accordingly.

Godjone: Dis is plus öne 2 agitators ola makinde, oristejiafor and xtains. Kudos 2 u gabriel kolawole 4 dis brave dicision, posterity wil always remember u. And 2 d sponsors of islamic banking, shame on u. Islamic banking is not only dead, it is buried and 4goten til eternity. Nobody can islamise 9ja

segunoz:
do not be foolish, nothing islamic should be encouraged on the national scale, there will always be extremists

colomb:

You can't have it both ways dawg. You forefathers many years ago negotiated, agreed and compromised with ours to be in this entity called Nigeria with the "Constitution being the supreme source of legislation". If you feel different about this, why not seek to cease and dissociate yourself from this entity first so that you can do whatever you wish to stupor.

rhymz: People just hear "no interest charge" and go haywire clamouring for it without exactly asking what the pre-requisites are for obtaining their lones, what are the terms of agreements.
Do you know that to borrow money from an islamic bank, a business will have to give full disclosure of its profits since the bank will have to go into a profit sharing partnership with the business. Like how many serious Nigerian business owners laden with all the multiple taxes and levies he has to pay both state and fed government, not to talk of overhead expenses will be willing to share the meagre profits they make just because they borrowed money from the banks.

Do you all know that account holders in these banks are not entitled to any interest on the money kept in the vaults of these banks except when they are actually in business with the banks? By the nature of these banks they are heavily restricted to do just basic banking business hence the sources of funds for these banks are seriously limited. Most of their funds as supposed to be going to very small businesses whom most of the times do not get the monies as they hardly meet the pre-requisites of these banks. Then there is the security aspect to worry about as activities of these banks will be greatly shrouded in secrecy. For instance, in countries like iran and pakistan where they have islamic banking laws as their conventional banking system, the banks are not allowed to disclose the identity of account holders to the authorities, imagine a very porous country like Nigeria having banks whose activities can't be in the full glare of the public Gush, I shudder at the prospect of what will happening.

The problem here is that we do not have a cerebral president or Senate with equipped knowledge of what the islamic banking system is all about. They are only concerned with the illusional benefits without understanding how they hope to achieve these. People citing britain and America as countries with islamic banks fail to understand that in those countries, they operate under the guidance of non-interest banking rules and regulations of these countries. They do not have any paralell islamic laws along side the secular laws that guides regular banking systems there. There is no such thing as an Islamic council operated by their federal banks to oversee islamic banking in those countries, those are left at the discretion of each of those islamic banks. Even in core islamic states that practice it heavily, they have had to amend their constitution to accommodate the demands of islamic banking in their country. Here in Nigeria, in the event of a litigation between any of these banks and a client, our legal system do not have the expertise to hear the cases on the basis of the country's constitutional provisions. Besides, with the violence and agitation by Boko haram in the north for sharia laws, it is only a matter of time before most of the conventional banks will be intimidated out of northern Nigeria in exchange for islamic banks. Already, the man behind the JAIZ bank, Muttalab's Dad(whom obviously was one of the people pushing Sanusi) has already announced that the bank was going to be a regional bank- remember how Sanusi had to categorize our banks when he came in and gave us foolish explanations, now use your tongue to count your teeth.
I see some power brokers in the north trying to use Sanusi to get some serious economic relevance and control for their region through the back door, Sanusi.
Whoever does not see the plot is delusional, thinking there is going to be economic benefits for all Nigerian is laughable, wait until the so-called islamic council scheme you out with bureaucratic bottlenecks when you apply to their banks as a non-muslim.

carlos86: Let them have their Islamic bank.It will eventually collapse.I hope sanusi will not use government money to fund it.

BetaThings:

And this is proof that christians are tolerant?
But it is okay if somebody tries to christianise this country