Islamic banks serving Nigerians well, more coming - CBN gov - Newstrends
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Islamic banks serving Nigerians well, more coming – CBN gov

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CBN Governor, Olayemi Cardoso

Islamic banks serving Nigerians well, more coming – CBN gov

The Central Bank of Nigeria on Sunday expressed relief that Nigerians have fully embraced the introduction of Islamic banking years after speculations made the round that it was an attempt to Islamise the country

This was disclosed by the CBN Governor, Yemi Cardoso, at a reception organised to honour the Secretary-General, Organisation of Islamic Cooperation Arbitration Centre, Dr Umar Oseni in Abuja.

Cardoso, who was represented by the CBN Director of Legal Services, Kofo Salam-Alada, hinted that more shariah-compliant banks are being considered due to the immense benefits it has brought to the citizens, especially those into small and medium-scale businesses.

The apex bank governor further noted that he was quite impressed that Islamic financial institutions like Jaiz, Tajj, and Alternate Bank have stood the test of time since their establishment.

He said, “Some years back, the Central Bank of Nigeria started a journey for the introduction of the Islamic Banking and Financing in Nigeria. It came when a young man was appointed governor of CBN. But most people never knew that the first person who spearheaded the journey was to be a pastor of the church.

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“He was also a part-time pastor when this journey started. So it was never an attempt to Islamise Nigeria or Islamise financing in Nigeria. When the Prince (Emir Sanusi) came, he continued the journey.

And that journey saw some of us, one of you, who is standing before you today, that started the transaction documents that started the relationship with one institution that Dr. Umar Oseni headed for about eight years.

“I am not advertising, but I can say we are proud of Jaiz, Tajj, and Alternate Bank and I believe many more will come. We are happy to drive on roads financed by Sukkuk in Nigeria and more billions will still come. So many products are on the card and Central Bank of Nigeria will not rest until financing gets to the grassroots.”

Reacting, Dr Oseni appreciated the audience who turned up at the event to celebrate his new appointment, saying they are the reason he has come far in life.

The OIC chief also expressed conviction that Islamic banking has come to stay in the country.

“We are living in a world where we are all interconnected. Let us ensure that we make a positive impact on anybody that comes our way. Touch the person positively without expecting appreciation.

“The focus of the OIC Arbitration Centre basically is on investment, financing, and commercial dispute resolution. So, in all the bilateral treaties Nigeria is entering into with other countries, we are going to ensure that there is a clause for dispute settlements,” he assured.

Islamic banks serving Nigerians well, more coming – CBN gov

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Troops Rescue 119 Kidnap Victims, Eliminate Terrorists in Nationwide Crackdown – DHQ

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Troops Rescue 119 Kidnap Victims, Eliminate Terrorists in Nationwide Crackdown – DHQ

ABUJA — Nigerian troops have rescued 119 abducted civilians and neutralised several terrorists during a week-long series of military operations across the country, the Defence Headquarters (DHQ) has announced.

The operations, conducted between November 6 and November 12, reportedly dealt significant blows to insurgents, kidnappers and other criminal groups operating in different parts of the country.

The latest military breakthrough comes amid growing concerns over insecurity, particularly attacks on motorists, abductions and terrorist activities along major highways and communities.

According to updates from the military high command, troops recorded significant successes across several operational theatres, with Borno State emerging as one of the major areas where security forces disrupted terrorist activities.

In one of the operations, soldiers reportedly intercepted insurgents attempting to ambush motorists and abduct travellers along major transportation routes in the state.

The intervention prevented the planned abductions and further demonstrated the military’s efforts to secure vulnerable highways and protect commuters.

The DHQ disclosed that 119 kidnapped civilians, including women and children, were rescued during the period under review.

The military also reported the elimination of several terrorists during offensive engagements targeting criminal hideouts, operational bases and suspected supply networks.

Beyond the rescue operations and neutralisation of insurgents, troops recovered eight operational vehicles allegedly seized by terrorists, alongside assorted weapons, ammunition and other logistical equipment.

Security operations were also intensified outside the North-East, with troops and other security agencies carrying out intelligence-led raids, disrupting kidnapping attempts and confronting criminal elements in the Federal Capital Territory, Plateau and Kwara states.

Watch: Nigerian Military Operations Against Terrorists and Rescue of Kidnap Victims

For additional context on the military’s ongoing anti-terrorism campaign and rescue operations, watch the video below:

The military’s nationwide operations were aimed at dismantling criminal networks, preventing further attacks and restoring confidence among residents and travellers using vulnerable routes.

The Defence Headquarters reaffirmed its determination to sustain pressure on terrorist groups and other criminal elements until lasting peace and security are restored across the country.

The latest operational figures represent another major effort by the Nigerian military in its ongoing campaign against terrorism, banditry and kidnapping.

 

Troops Rescue 119 Kidnap Victims, Eliminate Terrorists in Nationwide Crackdown – DHQ

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‎Photo News: Kwara Security Strategy Committee Submits Report to Gov AbdulRazaq

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‎Photo News: Kwara Security Strategy Committee Submits Report to Gov AbdulRazaq

 

L-R: AIG Aderemi Opadokun (Rtd); Air Commodore Asa Buhari (Rtd); Major General Abidoye Olayemi (rtd); Team Lead Kwara State Security Strategy Committee, Major General Garba Abdulwahab (rtd); Governor AbdulRahman AbdulRazaq (CON); Rear Admiral A.B Lawal (rtd); Col. A.A Lawal (rtd); Alhaji M.A Jimba; Director of Special Services Governor’s Office, Mrs. Folorunsho Idayat Adeola; and Permanent Secretary General Service, Alhaji Shuaib Yitta, during a visit by members of the committee to the state governor (to submit their report)  at the Ahmadu Bello House, Ilorin, on Wednesday.

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Rivers Police Parade Two Suspects Over Murder of Okada Rider, Theft of Motorcycle

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Rivers Police Parade Two Suspects Over Murder of Okada Rider, Theft of Motorcycle
Rivers Police Parade Two Suspects Over Murder of Okada Rider, Theft of Motorcycle

PORT HARCOURT – The Rivers State Police Command has paraded two young men arrested over the alleged murder of a commercial motorcycle operator, whose motorcycle they reportedly stole after luring him into a remote forest in the state.

The suspects, identified as 24-year-old Abubakar Sani and 20-year-old Yusuf Magaji, were arrested following an intelligence-led operation by operatives of the Violent Crime Response Unit (VCRU), Emohua.

The police said Sani allegedly confessed to participating in the killing of the victim, identified as Sani Musa, before the suspects escaped with his motorcycle.

Musa, a native of Zago Town in Kafin Hausa Local Government Area of Jigawa State, was reportedly operating as a commercial motorcycle rider in Rivers State before his death.

According to the police, preliminary investigations revealed that the suspects allegedly lured the rider to a remote forest in Mbiama, Ahoada West Local Government Area, where they attacked and stabbed him to death.

His body was subsequently dumped in thick bushes, while the suspects allegedly fled with his motorcycle.

The police further disclosed that the suspects planned to transport the stolen motorcycle to Kano State through a waybill arrangement, allegedly hoping to evade security checks and conceal the motorcycle’s origin.

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The alleged criminal operation was uncovered at about 1pm on October 22, when police operatives received intelligence that some individuals were dismantling a suspected stolen motorcycle at Choba Motor Park.

Acting on the information, operatives of the VCRU moved to the location and arrested Sani and Magaji, who were both said to be from Kano State.

During interrogation, the suspects allegedly confessed to their involvement in the murder and subsequently led investigators to the Mbiama forest, where the decomposing remains of the deceased were recovered.

The recovery of the body provided investigators with further evidence in the ongoing investigation into the killing.

The command said arrangements were being made to release the deceased’s remains to his family for burial in accordance with Islamic rites, following a request by his relatives.

The Commissioner of Police in Rivers State, Olugbenga Adepoju, has ordered a comprehensive investigation to establish the full circumstances surrounding the murder, identify possible accomplices and ensure that everyone connected to the crime is brought to justice.

The police command reiterated its commitment to combating murder, armed robbery, cultism and other violent crimes across Rivers State.

It also urged residents to provide credible and timely information to security agencies to help prevent criminal activities and improve public safety.

The two suspects are expected to face prosecution upon the conclusion of investigations.

 

Rivers Police Parade Two Suspects Over Murder of Okada Rider, Theft of Motorcycle

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