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The Christian banking system
Christians, especially the Nigerian ones have never failed to amuse me. Rather than keep quiet and appear stupid, they prefer to open their mouths and confirm it. How would you explain the insipid cry against the Islamic banking system about to take root in Nigeria by the Christian Association of Nigeria (CAN). This group of political jobbers headed by Ayo Oritsejafor has always been looking for relevance in the scheme of things. Mbang was the major internal diplomat for Obasanjo’s misrule while poor Oritsejafor, who failed to make the billionaires’ list has been Goodluck Jonathan’s chief advocate. He made really unguarded statements during the April elections and the post election violence. His cronies have now started crying against a system that seeks to liberate the poor from the major benefactors of the pastors. What will drive an aged pastor to carry placard against Islamic banking if not that it threatens his purse.
Erastus Akingbola, Samuel Adegbite, Cecilia Ibru and the other thieves in high places will be short of funds to give Adeboye and his ilk to print the ‘Our Daily Bread” series. Islamic banking makes funds available and accessible for us, without any recourse to the interest-eating-killer banks.
If your religion doesn’t have a way out for the poor, if your religion says virtually nothing about finance, if all you talk about in churches is how people will make fortunes (to deliver to your coffers anyway); then let the way of life that has a guidance, and is willing to help us stay.
Welcome, Islamic banking!
Point one. I think the xtain reaction to the Islamic banking is irrational. As a believer in Jesus, I strongly believe that xtainity is against interest also. If it is going to curb, the exploitation of the poor by the rich. Why not ?
I am baffled that some people though claim to educated still talk like area boys at motor park.
Pastor Ayo is not saying stop non-interest banking rather he is saying if you must use the Nigerians money to fund that institution then it must be open to all Nigerians with the name NON INTEREST BANK and also enshrined in the HOLY BOOK (Bible)which warned of taking interests.
He is saying you can not use Nigerians funds to establish and promote it yet all the director are Moslems, and policy say it can only fund islamic oriented businesses. Holy Book (Bible) warns in Deuteronomy 23:19 Thou shalt not lend upon interest to thy brother: interest of money, interest of victuals, interest of any thing that is lent upon interest.
Deuteronomy 23:20 Unto a foreigner thou mayest lend upon interest; but unto thy brother thou shalt not lend upon interest; that the LORD thy God may bless thee in all that thou puttest thy hand unto, in the land whither thou goest in to possess it.[9]
Ignorance has no other name but ignorance…FACTS, not FICTION: 1. The Islamic variant of the non-interest banking option under the banking and other financial institutions act (BOFIA) does not discriminate against religion. Anyone can access it as long as they are OK with the system. 2. It is not funded by government 3. It is not promoted by government. 4. Christians have the right to establich a christian variant and it shall likewise not discriminate against anyone who wants it.
The one responsible for issuing guidelines for Islamic banking is a christian; the one to whom he reports to is a christian. If anything, the christians dominate CBN at the highest level. 8:1, 3:2, 16:8 in the the order of authority. the larger figures represent the number christians to Muslims at the level of Departmental Directors, Committee of Governors and CBN Board of Directors respectively. Only a fool will not see that the christians wouldn’t have accepted it if it was illegal or against their faith..