We will not accept Sukuk bond; it is islamic loan - CAN

We will not accept Sukuk bond; it is islamic loan - CAN

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Posted by ambassador (M) » 08 Oct,2017



CAN insists it will not accept Sukuk bond
- It claimed its proceed was being sent to Saudi Arabia
- It promised to go to court if need be
The Christian Association of Nigeria (CAN) has insisted that it will
not accept the Sukuk bond describing it as a form of islamisiation
of the country.
In an interview with The Punch, the general secretary of the
Christian Association of Nigeria, Rev. Musa Asake, said CAN would
go to court if need be claiming that it would not accept it.
He said: “Section 10 says no government, state or federal, should
favour one religion. But if you observe the things that are happening
in this country, they are happening in favour of a particular religion.
The Sukuk loan is a Sharia-bond loan. Sharia is Islamic. That is why
we sought to get the attention of the government.
On the issue that the federal government has acquired N100 billion
Sukuk bond, Asake said: “They should reverse it. We, as Christians,
will keep speaking. We will do the right thing.”
“All those things that they said would benefit us, have they benefited
us? All the money that has been collected in billions, where are they?
Who is having those monies? Or is it just paper report? If we are
really serious, the management of our economy should take us to a
higher ground so that we would be able to survive. I don’t have
complete trust in our government when they keep telling us that this
thing is going to help us, but instead of helping, we are back to
square one; even worse than where we were. That’s my concern, and
I would rather we follow our constitution and do the right thing.
“Like I said earlier; when it comes to money in Nigeria, I’m
concerned. Look at the road that has been taking lives between
Abuja and Lokoja; and lots of other roads that are killing people all
over the place. So many governments have told us they are going to
fix it. But has it been fixed? Or is there magic in Sukuk loans that is
going to do it now? I don’t think so. I think the Sukuk loans will
follow the same path and end up in people’s pockets.
All I’m saying is that Sukuk is a Sharia loan, meaning Muslim loan,
and that is why we are talking to the government and not to any
individual. We do not have any issue with any Muslim; we are
talking to our government that is representing Christians, Muslims,
atheists, traditional rulers, and basically all Nigerians. That is why
we are getting their attention; not to engage ourselves with any
particular group.
“From the little I know about Sukuk bonds, anything that money is
used for, is shared with Saudi Arabia. It’s an Islamic thing and I
believe that if this money was from a Christian perspective, the
Muslims would not agree. So, all we’re saying is that the government
is supposed to be for all Nigerians. Don’t fight one religion. We have
written and we are going to take steps.”
Meanwhile, the federal government released the proceeds of the
N100bn sukuk bond for the financing of 25 road projects being
handled by the federal ministry of power, works and housing across
the country.
gathered that the minister of finance, Kemi Adeosun,
handed over the N100bn proceeds cheque to the minister of power,
works and housing, Babatunde Fashola, in Abuja on Thursday,
October 5.
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