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Islamic banking stirs up controversy in religiously-divided Nigeria

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Since last week, English and Hausa media in Nigeria have been closely following a controversy over Islamic banking in the country. At the center of the controversy is Sanusi Lamido Sanusi, the dynamic and outspoken governor of the Central Bank of Nigeria (CBN). Since his tenure began in July 2009, Governor Sanusi’s bold moves to fire bankers and restructure banks have attracted worldwide attention. This year he is one of Time‘s 100 most influential people. Sanusi is no stranger to controversy: he has already locked horns with Nigerian lawmakers and the International Monetary Fund. Neither is he a stranger to the intricacies of Islamic thought: he is the grandson of an emir of Kano, he holds a degree in shari’a from Sudan, and he has debated religious topics with some of Nigeria’s most famous Muslim leaders.


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