Sanusi Makes Stunning Revelations About Islamic Banking in Nigeria, Reveals Those Against It

Sanusi Makes Stunning Revelations About Islamic Banking in Nigeria, Reveals Those Against It

  • Former CBN governor and Kano emir, Lamido Sanusi has again shed more light on Islamic banking in Nigeria and how some personalities in the country are bent on being untruthful using religion in disguise
  • According to Sanusi, Islamic banking is in no way connected to or related to the Islamisation of the country and there is no plan to do so
  • The former monarch stated further that the benefits of the Islamic banking model were large while noting that ten years after, the narration has changed and it is embraced by non-Muslims

The 14th Emir of Kano and the former Central Bank of Nigeria (CBN) Governor, Alhaji Muhammadu Sanusi II, has accused some Nigerians of manipulating religion to cover the truth.

He made this assertion while reacting to the backdrop of the controversy that trailed the introduction of the non-interest financial system otherwise known as Islamic banking.

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Sanusi, who was a guest at the 5th national discourse of the companion, an association of Muslim men in business and the professions, held at the University of Lagos, said the CBN made efforts to explain to people that there was nothing like Islamisation of the country, Daily Trust reports.

Sanusi: Nigerians Manipulate Religion To Cover The Truth
Sanusi speaks on Islamic banking in Nigeria. Photo credit: Sanusi Lamido Sanusi
Source: Facebook

Those against it

However, he said the CBN couldn’t stop because of the few people who refused to listen to the explanations of the apex bank, noting that the benefits of the Islamic banking model were enormous.

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According to him, the non-Muslims later embraced it after considering the huge benefits inherent in it as 40 percent of those who initially subscribed for Jaiz Bank shares are non-Muslims.

He said:

“We had people who know the truth or don’t want to know the truth but who chose to manipulate religion for other reasons.”

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2023: Are politicians ready for tough times as Sanusi raises alarm again?

At almost every corner in the city centres, Nigerians are engaged in continuous permutations, discussions, and debates on the kind of leadership the country deserves.

Some agree with the concept that a country deserves the leadership it gets. They have argued Nigeria deserves a leader that will not succumb to public sentiment but a leader who acts only on the policy of its administration. Others are, however, of the opinion that a listening leader who takes into cognizance the opinions of Nigerians would do better.

According to the latter’s school of thought, the country is where it’s today because leaders have refused to listen to the masses when they cry out. They believe that if this continues, those coming to power in 2023 will have more problems to face than the leadership of President Muhammadu Buhari.

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2023: Sanusi speaks on eyeing presidency seat

Earlier, reported that Sanusi denied eyeing presidency seat in 2023, saying he’s contented being spiritual leader of the Tijaniyyah.

He said this in Abeokuta, Ogun state capital, while reaction to a question at a reception marking the 80th birthday of Babanla Adinni of Egbaland, Chief Tayo Sowunmi.

The former governor of the CBN noted that he had served in various capacities both in past and present “and I will forever be grateful to Allah.”


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