GOVERNOR Babatunde Fashola of Lagos State, has said that the cashless policy of the Central Bank of Nigeria, CBN, will help to check d increasing menace of terrorism in Nigeria.
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According to Fashola, through cashless transactions, it would be easy to account for all transactions and eliminate the possibility of terrorism financing.
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D governor who spoke at a conference to chart the way forward for the cashless transition, said, "there is nothing that attracts crime more than cash and this transition to cashless transactions would help to address these crimes especially the increasing wave of terrorism.
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"D transition involves everyone having a part to play as it will ensure safety and also reduce d cost of cash management.
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"About 65 per cent of circulating cash in Nigeria are not in the banking system, this results to about N900billion that remains unaccounted for and nobody knows whether this money is being used 2 fund terrorism, drug peddling & other vices, which are huge risks to all of us".
We must just do everything possible to cancel out terrorism bcos it's really getting out of hand. I agree with this