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Muslim Leader Blames Violence On Financial Institutions

Muslim Leader Blames Violence On Financial Institutions

Zonal coordinator of the Federation of Muslim Women in Nigeria (FOMWAN) Hajja Hamsatu A. Allamin, has blamed violence in parts of the world on major international financial institutions such as the International Monetary Fund (IMF) and the World Bank.

Allamin said this while presenting a paper titled, “Alternative Conflict Management and Resolution: Panacea for Peaceful Coexistence in the Society” at the annual national conference of Muslim women in Owerri.

“The unrestrained globalization of capitalism, where the IMF and World Bank now have a more influential and decisive role have affected the weaker and poorer countries politically, socially and economically. These institutions encourage poorer nations of Africa to borrow large amounts of money,” she said.

She said based on the conditions of payment for the loans, the countries involved are unable to take care of the basic needs of their people.

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