Members of the House of Representatives yesterday endorsed the introduction of Islamic non-interest banking system in the country in line with regulations by the Central Bank of Nigeria.
The lawmakers made their position known in Abuja after a briefing to the House in plenary session by CBN governor Sanusi Lamido Sanusi.
Sanusi was invited following a motion urging the House to seek explanations on the apex bank’s cash withdrawal limit and its licensing of non-interest banking in the country.
The CBN governor arrived in the House chambers at about 11:30am and spoke for about two hours, explaining that the non-interest banking system was not going to discriminate against non-Muslims and that it was simply aimed at economic development.
Apparently impressed by Sanusi’s explanations, Deputy Speaker Emeka Ihedioha, who presided over the session, told the CBN governor that “a number of us, if not all of us, are satisfied with your presentation. We are better enlightened now on the issues.”
Earlier, the lawmakers intermittently applauded as the CBN governor spoke.
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