Church leaders in Nigeria have denounced the introduction of Sharia banking in the West African nation, saying the introduction of religion into the financial services sector violates the law and will further divide the country along sectarian lines.
On May 8 the Diocese of Ughelli released a statement calling for the government to force the Central Bank of Nigeria to back down from its proposal to issue licences to Sharia banks.
The Ughelli synod noted “with suspicion the haste with which approval was granted for the issuance of a licence for Islamic banking in Nigeria, without any known or overt legislative support from the National Assembly.”
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(CEN) Anglican ”˜no’ to Sharia banking in Nigeria
Church leaders in Nigeria have denounced the introduction of Sharia banking in the West African nation, saying the introduction of religion into the financial services sector violates the law and will further divide the country along sectarian lines.
On May 8 the Diocese of Ughelli released a statement calling for the government to force the Central Bank of Nigeria to back down from its proposal to issue licences to Sharia banks.
The Ughelli synod noted “with suspicion the haste with which approval was granted for the issuance of a licence for Islamic banking in Nigeria, without any known or overt legislative support from the National Assembly.”
Read it all.