• About Us
  • Submit Songs
  • DISCLAIMER
  • DCMA
  • PRIVACY POLICY
  • Contact us
Tuesday, September 16, 2025
illuminaija
No Result
View All Result
  • Home
  • Music
    • Nigerian Songs
  • Foreign Music
    • All Songs
    • Download
    • DOWNLOAD MP3
  • Videos
    • Comedy Videos
    • Movies
  • Biography
  • Net Worth
  • Relationship lifestyle
  • Dj Mix
  • Instrumentals
  • Albums
  • DCMA
  • Contact us
  • Home
  • Music
    • Nigerian Songs
  • Foreign Music
    • All Songs
    • Download
    • DOWNLOAD MP3
  • Videos
    • Comedy Videos
    • Movies
  • Biography
  • Net Worth
  • Relationship lifestyle
  • Dj Mix
  • Instrumentals
  • Albums
  • DCMA
  • Contact us
No Result
View All Result
illuminaija
No Result
View All Result
  • Home
  • Music
  • Foreign Music
  • Videos
  • Biography
  • Net Worth
  • Relationship lifestyle
  • Dj Mix
  • Instrumentals
  • Albums
  • DCMA
  • Contact us
Home Headlines

Sukuk bond part of strategies to islamise Nigeria – CAN

by Naira
September 20, 2017
in Headlines

image

CAN President, Dr. Samson Supo Ayokunle

The Christian Association of Nigeria has opposed the floating of the Sukuk Islamic bond by the Federal Government, alleging it is meant to Islamise the country through the back door.

CAN, in a statement on Tuesday in Abuja by its General Secretary, Rev. Musa Asake, demanded the abrogation of the laws and framework behind the bond and threatened to seek legal redress if that was not done.

The group said the FG was trying to sell the nation to Arab countries through the Sukuk Bond, arguing that the government was pursuing an Islamisation agenda.

According to the Christian body, Nigeria is a secular state and the government is expected to be neutral on issues involving religion. It argued that the promotion of a sectional religious financial policy was a violation of the Constitution.

It said, “The Christian Association of Nigeria has been protesting against this aberration since the Osun State Government, under Governor Rafiu Aregbesola, embarked on this violation of the Constitution.

“Rather than stand in the defence of the constitution, it is disappointing to note that the Federal Government is pursuing what is an outright confirmation of an Islamisation agenda.

“The recent floating of Sukkuk Bond by the government is not only sectional but illegal and a violation of the Constitution. Every law that has been promulgated to back the Sukuk issuance and promote an Islamic banking system in Nigeria is ultra vires, illegal, null and void.”

The organisation said there was never a time Nigeria held a referendum or convened a Constituent Assembly that passed a resolution that the nation had transmute into an Islamic State.

“Therefore, the manipulations and scheming to smuggle the country into a full blown Islamic state should stop; these manipulations became apparent with the smuggling of Nigeria into the Organisation of Islamic Conference in 1986 by the Ibrahim Babangida military junta,” Asake said.

The group added that the International Monetary Fund had stated that the issuance of Sukuk by non-Islamic countries was a breach of the religious neutrality of the government of such states.

“The FG must dismantle all legal and institutional framework established to promote Islamic financing in Nigeria.

“We affirm that the territorial integrity of Nigeria is undermined through the issuance of Sukuk in the country. We hope that the government shall desist from its policies of unbridled religious sectionalism,” CAN said.

But the Federal Government in its reaction denied any plan to Islamicise country.

The Minister of Information and Culture, Lai Mohammed, said the financial initiative was borne out of the need to include people who are opposed to interest-yielding enterprises.

He said, “Sukuk is not an attempt to Islamise Nigeria in any form. On the contrary, it is an attempt at financial inclusiveness. The difference between Sukuk Bond and other bonds is that if you invest in Sukkuk bond, you earn no interest.

“So, the scheme appeals to many people who don’t believe that money should gather interest. They, however, engage in profit sharing in the sense that if the government makes a profit from the bond, they give the investor a part of it but if the government makes no profit, the investor is not entitled to anything.”

Real Madrid kits 24-2025 For Dream League Soccer 2025
Tools

Real Madrid kits 24-2025 For Dream League Soccer 2025

Tools

First Touch Soccer 2025 (FTS 25) Mod Apk Obb Data Download

Tools

GTA 5 Apk Obb Data Latest Download For Android

Discover the latest vibes on illuminaija, here where rhythm meets Foreign Music.
ShareTweetPinSend
Previous Post

Nairobi is most expensive city in Africa – study

Next Post

[BREAKING] Olubadan sues Gov Ajimobi, 23 others

Naira

Naira

Related Posts

Female Suicide Bomber Kills Self In Foiled Attack

Female Suicide Bomber Kills Self In Foiled Attack

#BREAKING: Premier League fixtures 2017/18 released, Chelsea host Burnley on day one #PLfixtures

#BREAKING: Premier League fixtures 2017/18 released, Chelsea host Burnley on day one #PLfixtures

I Have Not Reconciled With Pastor Chris Oyakhilome – Pastor Anita

I Have Not Reconciled With Pastor Chris Oyakhilome – Pastor Anita

Oyo workers to receive outstanding June, July salaries

Oyo workers to receive outstanding June, July salaries

Nigerian teenager, builds first Nuclear Fusor

Nigerian teenager, builds first Nuclear Fusor

French Singer, Barbara Weldens Dies While Performing on Stage

French Singer, Barbara Weldens Dies While Performing on Stage

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Recent Posts

DOWNLOAD Njabulo Langa – Asehleni Ft Jaiva Zimnike mp3

DOWNLOAD Njabulo Langa – Asehleni Ft Jaiva Zimnike mp3

Balloranking – Dirty

DOWNLOAD Balloranking – Barcadi mp3

Balloranking – Dirty

DOWNLOAD Balloranking – Dirty mp3

Balloranking – Lavish

DOWNLOAD Balloranking – Lavish mp3

Balloranking – Level Up

DOWNLOAD Balloranking – Level Up mp3

Trending Posts

Numerous unique reason why you should immigrate to United Kingdom
Jobs

Numerous unique reason why you should immigrate to United Kingdom

Numerous unique reason why you should immigrate to United Kingdom The United Kingdom consists of England, Northern Ireland, Scotland and...

Read moreDetails
Canada Scholarships : 2024 King’s University Undergraduate Scholarship Award in Canada
Scholarship

Canada Scholarships : 2024 King’s University Undergraduate Scholarship Award in Canada

Canada Scholarships : 2023 King’s University Undergraduate Scholarship Award in Canada Looking for scholarship grants in Canada? King’s University, Canada...

Read moreDetails
Jobs

Jobs Opportunities in the United States – Discover the 10 Best-Paid Jobs as Immigrants

Jobs Opportunities in the United States – Discover the 10 Best-Paid Jobs as Immigrants Are you considering immigrating to the...

Read moreDetails
Canada Scholarship : Ivey Global Leader Scholarship Award in Canada [Fully Funded at $50,000]
Scholarship

Canada Scholarship : Ivey Global Leader Scholarship Award in Canada [Fully Funded at $50,000]

Canada Scholarship : Ivey Global Leader Scholarship Award in Canada Ivey University is delighted to award the Ivey Global Leader...

Read moreDetails
See Different unique reasons why you should immigrate to United Kingdom
Jobs

See Different unique reasons why you should immigrate to United Kingdom

See Different unique reasons why you should immigrate to United Kingdom The United Kingdom consists of England, Northern Ireland, Scotland...

Read moreDetails
Canada Jobs : See The 4 Steps of the Job Search Process in Canada
Jobs

Canada Jobs : See The 4 Steps of the Job Search Process in Canada

Canada Jobs : See The 4 Steps of the Job Search Process in Canada Note, According to The Daily’s Labour...

Read moreDetails
Jobs : English teacher – college level needed in Canada by Okanagan College
Jobs

Jobs : English teacher – college level needed in Canada by Okanagan College

Jobs : English teacher – college level needed in Canada by Okanagan College DETAILS ABOUT THIS JOB English teachers are...

Read moreDetails
Jobs : Unskilled Jobs in Canada for Foreigners 2023 | With VISA Sponsorship
Jobs

Jobs : Unskilled Jobs in Canada for Foreigners 2023 | With VISA Sponsorship

Jobs : Unskilled Jobs in Canada for Foreigners 2022 | With VISA Sponsorship Looking For  Highly paid careers for unskilled...

Read moreDetails
MBA Scholarships In USA For International Students
Scholarship

MBA Scholarships In USA For International Students

MBA Scholarships In USA For International Students MBA degrees open the door to top-class career opportunities in the corporate world....

Read moreDetails
Immigrating To Canada – How To Find A Place To Live
Jobs

Immigrating To Canada – How To Find A Place To Live

Immigrating To Canada – How To Find A Place To Live Moving to a big and popular country like Canada...

Read moreDetails
  • About Us
  • Submit Songs
  • DISCLAIMER
  • DCMA
  • PRIVACY POLICY
  • Contact us

© 2023 illuminaija

No Result
View All Result
  • Home
  • Music
    • Nigerian Songs
  • Foreign Music
    • All Songs
    • Download
    • DOWNLOAD MP3
  • Videos
    • Comedy Videos
    • Movies
  • Biography
  • Net Worth
  • Relationship lifestyle
  • Dj Mix
  • Instrumentals
  • Albums
  • DCMA
  • Contact us

© 2023 illuminaija