The Prelate, Methodist Church Nigeria, Dr. Ola Makinde, and Kwara State Chairman, Christian Association of Nigeria, Dr. James Foloranmi, on Wednesday said the verdict of an Abuja Federal High Court on Friday that the Governor of the Central Bank of Nigeria, Lamido Sanusi, had no powers to establish an Islamic […]
Tag: Islamic Banking
Islamic Banking Is Illegal  Federal Court
Non-interest financial institutions operating under the principles of Islamic jurisprudence are illegal and unconstitutional, a Federal High Court sitting in Abuja has declared. According to Justice Gabriel Kolawole, the license issued to Jaiz International Bank PLC to embark on Islamic banking in the country would have been nullified if the […]
