16.06.2011 - Nigeria: Central Bank’s stance on Shariah banking is illegal
The guidelines on non-interest banking as recently released by the Central Bank of Nigeria (CBN) violate extant relevant laws of the country. This was the consensus of a group of professionals under the aegis of Apostles in the Market Place (AiMP). At a media briefing in Lagos yesterday, the group stated that the CBN guidelines were in violation of the Banks and Other Financial Institutions Act (BOFIA), which regulates operations in the financial services industry..............................................Full Article: Source
Print