oraclefemi: Sanusi is screaming and shoving cashless policy down our throats and I have a few issues that I want to raise and also want it to be scrutinized from different angles:
I dont know how my guys in Ariara Mkt in ABA or Alaba international market ,to mention just a few will cope especially since we r used to the cash and carry way of doing business.I hope there was enough public education and or campaign before implementation. Bye Bye....to the sight of big Ghana -must-Go- bags filled with Mula.Why this policy sef. Why fix what is not broken! a beg!
I can tell you that a lot of money will be lost, I don't need to go down the lane of ATM thefts where the bank will tell you all sorts and in the end you get frustrated and you dont get your money back,in a situation where you were in Abuja and your atm was used in Epe Lagos , so is it this same banks that we will go and report online thefts to??

Come on dont get deceived that it is 100 percent safe ...every system has a weakness or every system has a loop hole and hackers are always working and looking for the loop holes, i have seen a hacker tell me my yahoo messenger password while we were chatting , this was way back in 2004 and the dude was from Romania and come on lets be honest are we going to trust interswitch all the time? they've got Nigerians working for them there right? an average Nigerian that is criminally minded ! All those passwords and codes can be very tempting when you see millions hehehe

ok jokes apart i have been on my seat and seen thousands of credit cards information from americans and british with loads of money in it including their social security numbers , phone numbers and home address , these informations are sold on hacker websites even though mastercard and visa keep claiming their card and systems are safe ..bullshyte ! EVEN paypal information can be bought easily online if you have the right links, ok lets say insurance companies pay back such thefts to americans and the rest but can they pay us back in Nigeria??

i am in support of cashless policy or whatever and other alternative means of payment but a lot of harsh lessons will be learnt and a lot of money lost and business wrecked when this stuff kicks off !!! Nigerians are we ready? ok let me scare you a bit, a software can be stored on your system that stores all your activities and sends it to a guy somewhere who withdraws your moneyy !!! OP YOU CAN MAKE THIS FRONT PAGE SO OTHERS CAN LEARN A LESSON OR TWO

oraclefemi:
Sanusi is screaming and shoving cashless policy down our throats and I have a few issues that I want to raise and also want it to be scrutinized from different angles:

I can tell you that a lot of money will be lost, I don't need to go down the lane of ATM thefts where the bank will tell you all sorts and in the end you get frustrated and you dont get your money back,in a situation where you were in Abuja and your atm was used in Epe Lagos , so is it this same banks that we will go and report online thefts to??

Come on dont get deceived that it is 100 percent safe ...every system has a weakness or every system has a loop hole and hackers are always working and looking for the loop holes, i have seen a hacker tell me my yahoo messenger password while we were chatting , this was way back in 2004 and the dude was from Romania and come on lets be honest are we going to trust interswitch all the time? they've got Nigerians working for them there right? an average Nigerian that is criminally minded ! All those passwords and codes can be very tempting when you see millions hehehe

ok jokes apart i have been on my seat and seen thousands of credit cards information from americans and british with loads of money in it including their social security numbers , phone numbers and home address , these informations are sold on hacker websites even though mastercard and visa keep claiming their card and systems are safe ..bullshyte ! EVEN paypal information can be bought easily online if you have the right links, ok lets say insurance companies pay back such thefts to americans and the rest but can they pay us back in Nigeria??

i am in support of cashless policy or whatever and other alternative means of payment but a lot of harsh lessons will be learnt and a lot of money lost and business wrecked when this stuff kicks off !!! Nigerians are we ready? ok let me scare you a bit, a software can be stored on your system that stores all your activities and sends it to a guy somewhere who withdraws your moneyy !!! OP YOU CAN MAKE THIS FRONT PAGE SO OTHERS CAN LEARN A LESSON OR TWO

maninmood:


Your post was well articulated. Why would you use ATM when you have banks all around you? You can easily work in and withdraw since it is not going to be more than 500,000naira? You can use cheque for any payment whatsoever, if you run current account(s). Left to me, using ATM and other online payment is quite risky,especially in Nigeria where we are not fully equipped with anti hacking security gadgets.

oraclefemi: Sanusi is screaming and shoving cashless policy down our throats and I have a few issues that I want to raise and also want it to be scrutinized from different angles:

I can tell you that a lot of money will be lost, I don't need to go down the lane of ATM thefts where the bank will tell you all sorts and in the end you get frustrated and you dont get your money back,in a situation where you were in Abuja and your atm was used in Epe Lagos , so is it this same banks that we will go and report online thefts to??

Come on dont get deceived that it is 100 percent safe ...every system has a weakness or every system has a loop hole and hackers are always working and looking for the loop holes, i have seen a hacker tell me my yahoo messenger password while we were chatting , this was way back in 2004 and the dude was from Romania and come on lets be honest are we going to trust interswitch all the time? they've got Nigerians working for them there right? an average Nigerian that is criminally minded ! All those passwords and codes can be very tempting when you see millions hehehe

ok jokes apart i have been on my seat and seen thousands of credit cards information from americans and british with loads of money in it including their social security numbers , phone numbers and home address , these informations are sold on hacker websites even though mastercard and visa keep claiming their card and systems are safe ..bullshyte ! EVEN paypal information can be bought easily online if you have the right links, ok lets say insurance companies pay back such thefts to americans and the rest but can they pay us back in Nigeria??

i am in support of cashless policy or whatever and other alternative means of payment but a lot of harsh lessons will be learnt and a lot of money lost and business wrecked when this stuff kicks off !!! Nigerians are we ready? ok let me scare you a bit, a software can be stored on your system that stores all your activities and sends it to a guy somewhere who withdraws your moneyy !!! OP YOU CAN MAKE THIS FRONT PAGE SO OTHERS CAN LEARN A LESSON OR TWO

stuff01: i will show you the hottest genuine paying online investment companies.and also offline here in nigeria. i will also show you how to get a tokunboh toyota,nissan,honda 1999 models for 150,000 naira only here in nigeria.you get access to this info for just 3,000 only.if you dont get paid,report me to whoever you like.money back guaranteed after a month. for more details call 08060724483.

akinmax: I doubt if the OP understand the basic of what the Sanusi cashless economy is really all about.Is not about ATM or cards.ATM cards short coming has always been there which is not particular to Nigeria alone, its a global thing.Cashless economy simple mean an electronics alternative to physical cash.There are other means to settle payment Mobile money,internet Banking,vending,etc.What we should be asking for is an improvement on our infrastuctures rather than remain in stone age.The advantages far outweigh the shortcomings both on the short-term and long-term.ATM/card theft, ATM machine problems are hurdle in a journey that need continuous improvement not a destination .Mind you,with the new chip card security features it is practically impossible to clone the card.

akinmax: I doubt if the OP understand the basic of what the Sanusi cashless economy is really all about.Is not about ATM or cards.ATM cards short coming has always been there which is not particular to Nigeria alone, its a global thing.Cashless economy simple mean an electronics alternative to physical cash.There are other means to settle payment Mobile money,internet Banking,vending,etc.What we should be asking for is an improvement on our infrastuctures rather than remain in stone age.The advantages far outweigh the shortcomings both on the short-term and long-term.ATM/card theft, ATM machine problems are hurdle in a journey that need continuous improvement not a destination .Mind you,with the new chip card security features it is practically impossible to clone the card.

hrhobi1: @oraclefemi,

Broda if you have contact details of any reliable hacker , please share 07037456040 BB 32EB5B2D EMAIL-michael2luv2002@yahoo.co.uk

Mind you its a personal issue I need him for not any nonsense Nigerian bank account.

Thank you ,

HRH MICHAEL OBI 1

akinmax: I doubt if the OP understand the basic of what the Sanusi cashless economy is really all about.Is not about ATM or cards.ATM cards short coming has always been there which is not particular to Nigeria alone, its a global thing.Cashless economy simple mean an electronics alternative to physical cash.There are other means to settle payment Mobile money,internet Banking,vending,etc.What we should be asking for is an improvement on our infrastuctures rather than remain in stone age.The advantages far outweigh the shortcomings both on the short-term and long-term.ATM/card theft, ATM machine problems are hurdle in a journey that need continuous improvement not a destination .Mind you,with the new chip card security features it is practically impossible to clone the card.

oraclefemi: Sanusi is screaming and shoving cashless policy down our throats and I have a few issues that I want to raise and also want it to be scrutinized from different angles:

I can tell you that a lot of money will be lost, I don't need to go down the lane of ATM thefts where the bank will tell you all sorts and in the end you get frustrated and you dont get your money back,in a situation where you were in Abuja and your atm was used in Epe Lagos , so is it this same banks that we will go and report online thefts to??

Come on dont get deceived that it is 100 percent safe ...every system has a weakness or every system has a loop hole and hackers are always working and looking for the loop holes, i have seen a hacker tell me my yahoo messenger password while we were chatting , this was way back in 2004 and the dude was from Romania and come on lets be honest are we going to trust interswitch all the time? they've got Nigerians working for them there right? an average Nigerian that is criminally minded ! All those passwords and codes can be very tempting when you see millions hehehe

ok jokes apart i have been on my seat and seen thousands of credit cards information from americans and british with loads of money in it including their social security numbers , phone numbers and home address , these informations are sold on hacker websites even though mastercard and visa keep claiming their card and systems are safe ..bullshyte ! EVEN paypal information can be bought easily online if you have the right links, ok lets say insurance companies pay back such thefts to americans and the rest but can they pay us back in Nigeria??

i am in support of cashless policy or whatever and other alternative means of payment but a lot of harsh lessons will be learnt and a lot of money lost and business wrecked when this stuff kicks off !!! Nigerians are we ready? ok let me scare you a bit, a software can be stored on your system that stores all your activities and sends it to a guy somewhere who withdraws your moneyy !!! OP YOU CAN MAKE THIS FRONT PAGE SO OTHERS CAN LEARN A LESSON OR TWO

Adey09: I totally agree with the poster, will insurance companies refund our money, is our network now 100%, will it reach the under developed area of Nigeria, I mean villages, creeks etc , Nevertheless, typical Nigerian instinct, we shall surelysurvive and even overcome one day,though we are not really prepared for it, we will surely stumble - fall till we can perfect the system

akinmax: I doubt if the OP understand the basic of what the Sanusi cashless economy is really all about.Is not about ATM or cards.ATM cards short coming has always been there which is not particular to Nigeria alone, its a global thing.Cashless economy simple mean an electronics alternative to physical cash.There are other means to settle payment Mobile money,internet Banking,vending,etc.What we should be asking for is an improvement on our infrastuctures rather than remain in stone age.The advantages far outweigh the shortcomings both on the short-term and long-term.ATM/card theft, ATM machine problems are hurdle in a journey that need continuous improvement not a destination .Mind you,with the new chip card security features it is practically impossible to clone the card.