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

Court warns AGF, CBN over Islamic banking licence

Posted on 18 June 2012

The Attorney General of the Federation and justice Minister, Mr. Mohammed Adoke (SAN) was yesterday told by a Federal High Court, Abuja, to enforce the guidelines on banking operation in the country.
Justice Gabriel Kolawole said any operation licence granted by the Central Bank of Nigeria (CBN) to any Islamic commercial jurisprudence bank under non-interest financial services is “unlawful, illegal, ultra vires, null and void”………………………………………..Full Article: Source

 
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