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Anglican Church Supports N25bn Bank Capital Enugu From Emmanuel Ugwu in Enugu Church of Nigeria (Anglican Communion) has thrown its weight behind Central Bank of Nigeria (CBN)'s new policy of pegging bank capitalisation at a minimum of N25 billion. The church made its stand known in a communiqu� issued at the end of the meeting of the Standing Committee hosted by Enugu Diocese with the theme: "Whom Shall I Send and Who Will Go for Us." In the communiqu� signed by the Primate of the Church, Most Rev Peter Akinola, the church while commending government for this singular economic policy advised it to ensure that the enhanced capitalisation, which would take effect in December 2005 "does not lead to mass retrenchment in the banking sector." According to the church, mass job loses in this critical sector of the economy would "exacerbate the high level of unemployment in the country" already spiraling out of control and throwing up "an army of beggars, frustrated and angry youths" with attendant "phenomenal increase in the rate of crime." The church commended the Inspector General of Police, Mr. Tafa Balogun and his men for the success recorded over "Okija operation" and called upon communities across the nation with similar shrines "to abandon such practices and embrace the bright light of the gospel of Jesus Christ." However the Standing Committee kicked against money extortion by the police, saying "the police has continued with impunity to extort money from motorists as if it were a legitimate toll. The police behaviour is a terrible embarrassment and this has caused great damage to our national image." The church called on the police "to repent." It also condemned NEPA for its failure to make appreciable improvement on its services even with the huge sums of money Federal Government said it has been pumping into the authority, noting that "NEPA has actually not improved as anticipated." Who Are We ? | About THISDAYOnLine.com | THISDAY People | Contact Us © Copyright 2000 Leaders & Company Limited

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