From Vanguardngr.com: The bid by the Central Bank of Nigeria (CBN), to introduce Islamic banking in the country has sparked controversy. In this interview, the Director- General, West African Institute for Financial and Economic Management (WAIFEM), owned by Central Banks of Anglo-speaking West African countries, Professor Akpan Ekpo, speaks on the banking innovation and ATM fraud.
First of all, we need to fully understand the meaning of Islamic banking, how it works in other countries and the economic benefits, before we begin to condemn CBN on the policy……………………………………….Full Article: Source