Cashless Policyoperations: Implication On Financial Crime In Rural Areas In Nigeria
Kenneth Adinde U. PhD
Department of Criminology and Security Studies, Alex Ekwueme Federal University Ndufu-Alike Ikwo, Ebonyi State, Nigeria.
Nlemchukwu, Emmanuel PhD
Department of Criminology and Security Studies, Alex Ekwueme Federal University Ndufu-Alike , Ebonyi State, Nigeria.
Onyeacho Chike esq
Department of Criminology and Security Studies, University of Agriculture and Environmental Sciences,Umuagwo
Kenneth C. Igwe
Department of Political Science, Alex Ekwueme Federal University Ndufu-Alike, Ebonyi State, Nigeria
Ebeke , Walter Ibiam
Department of Criminology and Security Studies, Alex Ekwueme Federal University Ndufu-Alike, Ebonyi State, Nigeria.
Francis Ogbonnia Egwu
Department of Criminology and Security Studies, Alex Ekwueme Federal University Ndufu-Alike, Ebonyi State, Nigeria.
Nlemchukwu Benjamin U PhD
Department of Philosophy, Imo State University, Owerri.
Onuoha Ogobuchi Onuoha
Department of Criminology and Security Studies, Alex Ekwueme Federal University Ndufu-Alike Ikwo, Ebonyi State, Nigeria.
Abstract
Effective and efficient functioning of the cashless policy in Nigeria and indeed elsewhere requires that the operators should not only be functionally literate, but have the ability to operate and understand internet and computer languages. The rural dwellers in Nigeria seem to lack all that is needed to operate the cashless policy. The population of the rural population is predominantly non literate. This no doubt exposes rural dwellers to fraudsters who capitalize on the literacy challenges to defraud them. The paper is a theoretical paper. It draws its theoretical strength from Broken window theory and Routine Activity theory. The paper argued that the implementation of the cashless policy is in the urban centres hence the rural areas lack the needed infrastructures. This again exposes them to fraudsters. The paper further argued that the rural areas hosts greater number of the Nigeria population, implying that greater number of the population are yet to be integrated in the cashless policy. The paper recommended that Government should as a matter of urgency bring development to the rural areas particularly power supply. Again, banks should be deploying their direct staff to handle the instruments for cashless policy.