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Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory more

CAN faults CBN’s $5mln investment in Islamic biz group

Posted on 24 November 2011

Controversy that attended the issue of non-profit (Islamic) banking in Nigeria was yet to settle down when it appeared that Malam Sanusi Lamido Sanusi, Governor of Central Bank of Nigeria, CBN, was on another collision course with the Christian commu-nity in the country as he was said to have invested the nation’s $5 million in an Islamic organisation known as International Islamic Liquidity Management Corporation.
The investment, according to reports, automatically makes Nigeria, a secular nation, to be a full member of the Islamic body………………………………………..Full Article: Source

 
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