Islamic banking ‘ll threaten national unity – Cleric

By Wale Akinola

LAGOS – Amid the controversy triggered by the decision of the Central Bank of Nigeria, CBN, to introduce Islamic banking in the country, Bishop John Alagbala Osa-Oni of Vineyard Christian Centre, Lagos, has said the banking model was a potential threat to national unity.

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Osa-Oni consequently wants the CBN authorities to drop the idea of the non-interest banking system. He spoke on the occasion of the thanksgiving service in Lagos to mark his 55th birthday.

Joining the Christian Association of Nigeria, CAN, to reject Islamic banking in the country, the bishop said the religious colouration made it a potential source of conflict between Christians and Muslims in the country.

He noted the stated goals of the banking model to include non-interest which he faulted  on grounds that no business can be absolutely free.

“There is no free lunch anywhere in the world”, Osa-Oni said.


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