Bank Customers task Central Bank on Internet Fraud for Cashless Policy
A trader, Adebukola Badmus, said the CBN should ensure the policy operates effectively, and ensure that cyber crime and theft are adequately checked.
She, however, admitted that the policy would discourage the movement of physical cash and reduce the rate of robbery in the country.
Similarly, Taiwo Adeoye, a civil servant, urged the CBN to ensure that the system is credible and strictly adhered to, warning that the policy may become unpopular if poorly implemented.
“Even when it is properly implemented, the high quality of services should be sustained,” he added.
Some banks in Ibadan have been witnessing influx of clients who approached them for further enlightenment on the policy.
The source said, “Without the charges, market women or business people should be encouraged to transact their businesses within the provisions of the policy.
According to her, with the prevailing security challenge in the country, I am sure that most business people would prefer cashless transactions; this again will reduce the risk of being robbed.
“What it means is that you won’t be able to issue a cheque to a second party unless you cash the cheque yourself as the owner of the account.
“To pay a second party, therefore, you will have to do an online transfer,” he explained.