Cashless Policy Will Curb Terrorism Financing – Fashola

Started by Shola Sholaz, Jun 26, 2013, 10:02 AM

Shola Sholaz

GOVERNOR Babatunde Fashola of Lagos State, has said that the cashless policy of the Central Bank of Nigeria, CBN, will help to check the increasing menace of terrorism in Nigeria.
.
According to Fashola, through cashless transactions, it would be easy to account for all transactions and eliminate the possibility of terrorism financing.
.
The 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.
.
"The transition involves everyone having a part to play as it will ensure safety and also reduce the cost of cash management.