said that the gains of Islam in reforming the Arabs for the better could be gradually reversed with the emergence of those who didn’t experience the days of ignorance.
One of these ‘giant strides happened to be the Hajj Savings Scheme which he went on to describe thus: “.. What the Scheme does in effect, is to gather funds from interested investors and deposit them for high returns in the industry, commerce and plantations as well as in real estate, according to Islamic principles.
At the end of the trip, Senator Mantu submitted a report to the President in which he stated; “ … in order to ameliorate the effects of the ever increasing cost of performing Hajj by Nigerians, we strongly recommend that a National Hajj Savings Scheme be established within the auspices of the proposed Independent Hajj Affairs Agency.
The CBN was formally approached for a license for the SPV in 2017, but it responded that “ We regret to decline the request but advise that you leverage on the extant CBN Guidelines for the Regulation and Supervision of Non-Interest Banks and Non-Interest Micro Finance Banks to encourage investors to either float a Non-Interest Microfinance Bank or a full-fledge Non-Interest Bank to Operate the Scheme.
Let it be known that Twitter is silencing Organic political revolution in Nigeria. Nigeria youths demanding good governance, strongly rallying behind PDP presidential aspirant PeterObi but Twitter has blacklisted Peter Obi's name & hashtags from Twitter trend table.
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