₦airaland Forum

murtalaa:
people like this shameless pastor deserve no reply. how the hell do you attack someone and expect him to not to defend himself.  is it not your senseless myopic and bigoted rantings about islamic banking that prompted him to defend  the cbn policy in the first place? u attacck sanusi and like a gentleman he came out and defended the policy only for you to come behind and accuse him of championing the cause of islamic banking. how hypocritical of you,

like hell you are not against islamic banking. when the issue first surfaced, true to your nature of not looking before leaping you vehemently opposed it and  after facts were revealed including list of countries that operate it you realised you are fighting a loosing battle. A gentleman would have apologised for wrong perception but no this guy is busy pulling excuses off air thereby deepening the hatred and mistrust that already exist between muslims and christians in this country. pathetic! use your head and be objective for once. try, its not a rocket science.

chidexy:
Find attached the CBN guidelines on Islamic Banking.

Islamic Banking while a form of non-interest banking, is being promoted by Sanusi and Co. as a stand-alone form of banking. While in principle it's a line of banking product being offered in so many countries, its promoters in Nigeria are rather not addressing the fears of those who are against/opposed to it.

Of interest in the guidelines are 4[b]sections 4.1 and 4.3. Section 4.1 makes it mandatory that the operators must have a technical agreement with a reputable islamic financial institution (read: uncensored funds coming from mostly middle east into the country). In section [/b].3, most operators will apply for a regional license to operate in the North (as a possible instrument of development of the economy of the northern zones).

Sections 6 and 11 handle the issue of Profit (read: Interest). It's erroneously assumed that both profit and loss are shared in Islamic banking. Far from the truth: only the profits are shared while losses are singularly borne by whoever takes out the loan (see section 11.2)

I hope the propagators of this form of banking get their acts together, address the concerns of those who are opposed to it before carrying on

cold:
^^And I dare say SLS has done more for the economy of this country than Iweala & Aganga put together
What I also fail to understand is why is everyone up in arms against Sanusi & not Soludo who initiated the process?I also have my gripe with Islamic banking but the fact that it was Soludo that began the whole process isn't lost on me

gungume:
Thank God plateau is a christian state, if na kano or bauchi the type of insult and abuses on islam would have been morethan this.

adaybayor:
fuckkkkk dis grumbling, now one thing is clear, an average nigerian is misinformed,most xtains are hipocrites,quick at judging others when your bible says thou shal not judge.
Why all the ranting? if u dont like the idea the u dont have to bank with dem, u can go to hell for all i care

nagoma:
@Islamrules,

Yes I was only trying to show how ridiculous both grps are in Nigeria. But if you see it that way I will ask you a question;

Where were the Christian building churches ? as I was talking about nigeria, the first church in the land that became Nigeria was build in the 1840s at badagry when muslims had been building mosques and having activities of teaching and scholarship for at least 350 years before the first church was built in Badagry. The majority of lagos and Ibadan were Muslims when Samuel Ajayi Crowther came to Badagry in 1842. Dr. miller came to the North ( Zaria) in 1899 and learnt the arabic writing from Muslim scholars in Zaria to use for his Christian missionary work. ( I know that he had some arabic and Hausa instructions earlier in Tripoli to prepare him for evangelizing the Hausaland. Boy as far as Nigeria is concerned , new religions like Christianity have to copy. Please find some history books and educate yourself.

pleep:
[size=32pt]Igbo women are far more attractive than yoruba despite some hairyness issues.
Let's stop arguing over the obvious!!! [/size]

Remii:
Nigeria is not a secular state: Read following clauses from 1999 Constitution.


Preamble:We the people of the Federal Republic of Nigeria

Having firmly and solemnly resolve, to live in unity and harmony as one indivisible and indissoluble sovereign nation under God, dedicated to the promotion of inter-African solidarity, world peace, international co-operation and understanding

And to provide for a Constitution for the purpose of promoting the good government and welfare of all persons in our country, on the principles of freedom, equality and justice, and for the purpose of consolidating the unity of our people

Do hereby make, enact and give to ourselves the following Constitution:-
-----------------------------------------------

Section 38  of Nigeria Constitution:
(1) Every person shall be entitled to freedom of thought, conscience and religion, including freedom to change his religion or belief, and freedom (either alone or in community with others, and in public or in private) to manifest and propagate his religion or belief in worship, teaching, practice and observance.

(2) No person attending any place of education shall be required to receive religious instruction or to take part in or attend any religious ceremony or observance if such instruction ceremony or observance relates to a religion other than his own, or religion not approved by his parent or guardian.

(3) No religious community or denomination shall be prevented from providing religious instruction for pupils of that community or denomination in any place of education maintained wholly by that community or denomination.

(4) Nothing in this section shall entitle any person to form, take part in the activity or be a member of a secret society.

redsun:
Jesus did not exist like most of u mofos think.Jesus phenomenon  reflects d positive and negative sides of d world we live in

honeric01:
Are there no learned people in that CAN? OMG, such a disgrace!

PointB:
Is that you style of wriggling out of your ACN/Amosun Bottom kissing? By digging up an isolated comment of mine from another thread? Why not put the link, or show the whole thread in the context. If you are so interested in that comment, what made you refrain from commenting on the thread and comment? Was it too cold a truth for you?  Or you were too scared and fearful to get involved. Why did you pull it up now? Are you looking for remorse of rebuttal?

For you info, you will get none on this page.

We are talking about clueless ex-cultist Amosun, Ogun State ACN governors, shameless leading a band of cowardly brigand in a needless and fruitless, botched  demolition exercise!

Babasessy:
Islamic banking: Christian group calls for Bakare’s suspenson from


National President of the Fellowship of Churches of Christ in Nigeria (FCCN), Pastor Emmanuel Dziggau, has said that Pastor Tunde Bakare of Latter Rain Assembly and vice-presidential candidate of the Congress for Progressive Change (CPC) in the April 2011 elections will be suspended from the body if found guilty of criticising Christian leaders for opposing the establishment of Islamic banking in Nigeria. FCCN is one of the five bodies that constitute the Christian Association of Nigeria (CAN).

[b]He also insisted that no persuasion would compel Christians to accept the non-interest banking in the name of a particular religion against the constitution of Nigeria. The president, who said he had over 25million membership across the country, said Christians would not accept the establishment of Islamic banking, “which is against the nation’s supreme document, the constitution.” [/b]Dziggau was reacting to Pastor Bakare’s endorsement of Islamic banking in Nigeria. He said: “Did Pastor Bakare belong to the five blocks that make up CAN and all the churches in Nigeria have five arms that form the Christian body? I don’t think Bakare belongs to one of them, by implication he has sanctioned himself. “But if we discover that he belongs to one of the blocks that make up CAN, we will sanction him. CAN members have agreed that there will be no Islamic banking in Nigeria because the constitution is very clear that banks should not be established on religious line be it a Christian or an Islamic bank.

According to the FCCN president, “the unity and oneness of Nigeria should not be played with, irrespective of the present predicament the nation is facing.” Dziggau added that the Federal Government must act fast on the issue before it degenerates. He added:“Our position is very clear on the issue of Islamic banking. If Sanusi continues to talk about this issue and with the present situation in Nigeria, things will be worse and the country will be difficult to rule. Even there are no banks owned by states. “We are Nigerians and this country belongs to all of us and nobody will force on us something we don’t want. If you want to force on people what they don’t want, there will be no peace in this country and that will be dangerous for all of us; Christians will never accept it.”

In another development, the House of Representatives came under fire yesterday from the Niger Delta Nationalities Forum (NDNF), claiming that members of the lower legislative chambers of the National Assembly from the non-Moslem areas did not take the feelings of their constituents into consideration when they endorsed Islamic banking last week. According to the group, the legislators have failed in representing their interest on what they described as ‘’the vexed issue of Islamic banking’’. The NDNF said: ‘’Islamic banking will continue to cause disaffection among religious groups in Nigeria. But if there must be Islamic banking, let there also exist a Christian banking system due to the sensitivity of religion in the country.

http://nationalmirroronline.net/news/17134.html

ideylaff:
That surely is not the GO, is it that hard 2 show the person they are protecting if you really want to give credence to the picture.

I bet my bottom dollar that's not the GO, in anyway shape or form irrespective of the Facebook posting,

I am not a GO die hard but I have seen the man show so much humility at a few places.

Even Goodluck Jonathan does not have personal security guards carry arms openly like this, I mean the ones closer to him


What a vulgar display of a rifle, This is not the GO,

http://nigerian2011election..com/2010_10_01_archive.html

http://blogs.reuters.com/africanews/tag/niger-delta/

xterra2:
Hes not, SSS personeel dont hold their guns like that

Thats not right, whhy would they do that
as if they are the private guards of the pastor

Bawss1:
In it Nigeria it appears even big shots can employ the services of the SSS. So that’s probably how an operative of the government’s intelligence outfit can be hired as a bodyguard to Pastor Big Daddy or whatever he is called.

maasoap:
Muslim leaders responded a little bit late but when they finally did, they did it with strong warning. Nigerian christians are pigs, dogs and sheep who have brain but can't think. No apology. If not for timely intervention of Sanusi, these animals in the names of Ibru, Erastus and co would have caused untimely death of many Nigerians through their greed and selfish acts. Nigerian christians are losing it. See how many of them on NL viciously against Jaiz Bank and they would begin or end by saying "I'm not a christian". Even in my lodge, two of them are doubting the existence of God. And the remaining that are not in doubt would never go to church or pray. Put your house in order otherwise just a matter of time before you become minority in Nigeria.

Much ado about Islamic banking



Even though a draft framework for non-interest banking was issued in March 2009 by the Central Bank of Nigeria (CBN), its position on Islamic banking did not become much of an issue until a few months ago when the final guidelines were released.

According to the acting director of banking supervision at the CBN, D.A. Eke, "The objective of the framework is to provide minimum standards for the operation of non-interest banking in Nigeria while serving as an exposure for comments, suggestions and/or inputs by stakeholders."

The suggestions and/or inputs from stakeholders never came. More than two years after, the CBN released the final guidelines which cover only non-interest banking according to Islamic commercial law and jurisprudence ‑ and all hell was let loose.

The furore was such that the regulator could not ignore even though a few weeks before the CBN governor, Lamido Sanusi, had said the complainants were in the minority.

Doing a volte-face, Mr Sanusi said he has instructed that the guidelines be re-written and re-issued after examining all of the criticisms that have trailed the initial guidelines, as it was capable of being misinterpreted to mean that Islamic banking is the only type of non-interest banking that is allowed.

"It was never our intention to restrict non-interest banking to Islamic banking but we understand why it would be viewed that way," Mr Sanusi said.

Revised guidelines

In the revised guidelines, the CBN recognised two types of non-interest banking: non-interest financial products and services based on principles of Islamic commercial jurisprudence, as well as financial products and services based on any other established rules and principles. The regulator added that in line with its objective of promoting financial inclusion in Nigeria, it will issue guidelines pertinent to other types of banking to individuals and groups wishing to practice non-interest banking based on established rules and principles other than Islamic.

The Central Bank said it was introducing Islamic banking in order to open up the financial space to those who were locked out. "Financial inclusion is a major challenge. Almost 50 percent of adult Nigerians do not have access to capital. What is keeping them out? Many things. But to the extent that non-interest banks can address some of the reasons for their staying out, we should encourage them," said CBN deputy governor (financial systems stability), Kingsley Moghalu, while assuring Nigerians on the genuine intentions of introducing the variant of non-interest banking.

At a seminar organised by Apostles in the Market Place (AiMP), a group of Christian professionals, in Lagos last week, Mr Moghalu said the CBN was open to receive applications from other firms that wish to operate other variants of non-interest banking. "I like to very clearly reassure Nigerians that non-interest banking is part of our plans to increase the inclusion into the financial system of those who have stayed out of the banking system for various reasons. I like to assure Nigerians very clearly that there is no agenda. It is simply finance; it is not about religion." Participants agreed that while there was a need to redefine the function of capital, it was equally necessary to ensure that such redefinition is not seen to favour one religion over another.

Hambolaj01:
The problem you people have is that you are looking at the whole issue from a religious perspective. Okonjo Eweala is a Christian and she endorsed it. Many Christian bankers have endorsed it. I think you have to stop living under illusion.

The Central Bank shall set up an advisory committee on non-interest bank-ing within the CBN to be called the CBN Shariah Council (CSC), which will be outsourced. The Council shall advise the CBN on I[b]slamic laws and principles[/b] for the purposes of regulating non-interest banking business.

Hambolaj01:
Why are the Christians saying they are not happy with that type of banking? Have you ever sit down and ask yourself what their motives really are? Answers have to be made available for these questions before you can condemn the quoted statement.

maclatunji:
It takes somebody attacking you before you use your last drop of blood to defend something or someone. If they said "We will spill your blood." It would have been provocative. It is their last drop of blood they are talking about not yours, so why are you making noise. You did not have ears when Oritsejafor and Okogie were threatening fire and brimstone over this matter and now people are saying they are willing to die defending it you are making noise.

Unfortunately, we are going to experience a lot of these useless arguments for the next 4 years over virtually every issue because the man on top is not an effective decision maker. Hence, every Okogie, Oritsejafor and Makinde think they can bully him into doing what they want.