PONDER for a moment how confused the Central Bank of Nigeria, CBN, is about why it wants to start Islamic banking! Also, note the statements CBN Governor Sanusi Lamido Sanusi made on Islamic banking at different occasions in the past week –

Chief Cliff Mbagwu, is an economist, chieftain of the Peoples Democratic Party (PDP) and a retired banker. In a chat with Saturday Vanguard, Mbagwu, managing consultant/CEO of Simeon and Rose Associates, a Lagos based management consultancy firm, speaks on controversies surrounding the proposed introduction of Islamic banking in Nigeria.

THE State Police Commissioner, Christopher Dega had earlier announced the capture of Yusuf and said he was being held at Giwa Barracks. Announcing the death of the late sect leader, Assistant Inspector General of Police in charge of Zone 12, Mr. Moses Anagbode, said Yusuf was killed in a shoot out with security men yesterday in afternoon.

DURING the raid on Wudil’shouse, explosive substances including fuel bottle, jack knife, dane gun, locally made pistol, arrows and charms were discovered.

The discordant tune of the Central Bank of Nigeria on the resolution of the eight rescued banks entered another phase yesterday in far away South Africa, where it announced its intention to nationalise the banks should they fail to recapitalise by the September 31st deadline.