By Adadareporters
Civil rights Groups have called on the federal government to ban online banking outfits because they are prone to fraudulent dealings.
The Human Rights, Liberty Access and Peace Defenders’ Foundation and Campaign for Democracy jointly made the request in a statement on Friday.
They accused online banking outfits of aiding and abetting financial crimes in the country. Online bankers ‘do not fully comply with the operational guidelines establishing them’, they claimed.
The statement was signed by the executive director, HURIDE, and chairman of CD in the South East, Dede Uzor A Uzor.
The internet bankers shortchange their customers by failing to send money to the recipients at the other end and they would not return it to the sender when it does not go, among other infractions, the groups alleged.
“It takes weeks before they could refund such money and in some cases, they don’t refund them because some frustrated customers don’t have the patience to go the whole hog in recovering their money, the groups said.
They added, “The nature of online banking gives room for fraud, especially in our environment where people are still predominantly illiterates particularly in area of Information Communication Technology (ICT).
“Online banking is a licence for some privileged few who are granted licences to commit fraud. Online bankers are prone to abuse.
“FG should do away with online banking. It does not add any value to our economy. The earlier FG does it, the better.”
