Nigerian Banks & Technological Readiness

Imabong Faminu
@imabongfaminu
4 months ago

Are Nigerian banks actually ready? Are they able to keep up with the dizzyingly fast paced of technological advancement? and more importantly, are depositors funds safe?

I remember years back, long before the technology explosion when banking was done with physical ledgers and balancing with large calculators. I believe the level of fraud and theft was much much lower

These days, hackers and unscrupulous individuals make scam calls to unsuspecting bank customers and use their details to commit fraud and theft. Most of the time, they already have customer details which begs the question - Are our data and sensitive information safe with Nigerian banks?

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