PlagiarismJenwi
The Federal Government, FG, cannot stop cybercrime in Nigeria until the people’s orientation and value system are properly worked on.
According to, Babatunde Obrimah, Chief Operating Officer, Fintech Association of Nigeria, “Cybercrime is not peculiar to Nigeria. It is a global problem. But it has to do with our value system – the get-rich-quick syndrome. The young people see it in the leaders, and they also took that decision to get money because we celebrate money without looking at the source of the money.
“Nobody, even Federal Government cannot stop cybercrime. You can’t stop it. But you can reduce the impact by making sure that you do the right things. You can’t stop it because they are also coming up with new solution.
“As government is trying to block them, they are also looking into how to break into that. Someone sitting in North Korea can hack a bank in Brazil.
“It is a huge problem because in a day of manual banking, armed robbers attacked bullion van; they probably went away with N20 million, but someone can sit in his room and take N20 billion from another person’s account. So, it is a huge problem, and until we address our value systems, and actually we are able to ask ourselves questions, like this person is a civil servant, this person is a politician, even in the National Assembly, how much money do you earn that you should have this?
“Until we address those value issues with sincerity, it is problem we are going to have. It is not a localised Nigerian problem. It is a global problem. It is just that we have a situation that a young people just see that as an opportunity to get rich quick, buy flashy cars, live in decent part of the city, wear designer clothes, and life is not about that,”
This has caused congestion in prison whereby so many inmates were acquitted on the approval of the executive arm of government in various states as a way of decongesting the prison. There are progressive cases of EFCC and police arresting and parading fraudsters daily adding to our normal civil and criminal cases.
In less than 5 minutes, a fraudster will wipe your account if they should get in touch with your bank alert SIM card or A.T.M card. This has posed risk in the banking systems. It would have been better if the only victims are our politicians because they are the bigger thieves killing the country but the common struggling man is always at the position of being a victim.
https://thestreetjournal.org/fg-cant-stop-cybercrime-in-nigeria-expert/This user was given some advice to add a link to the source. But he doesn't read the replies to the topics he creates.
Fintech could be any business that uses technology to modify, enhance, or automate financial services for businesses or consumers. Some examples include mobile banking, peer-to-peer payment services, automated portfolio managers, or trading platforms. It can also apply to the development and trading of cryptocurrencies (e.g., Bitcoin, Dogecoin, Ether). In 1998, PayPal was founded, representing one of the first fintech companies to operate primarily on the internet — a breakthrough that has been further revolutionized by mobile technology, social media, and data encryption. This fintech revolution has led to the mobile payment apps, blockchain networks, and social media-housed payment options we regularly use today.
Fintech also includes the development and use of cryptocurrencies, such as Bitcoin.
Fintech and crypto have the potential to transform the way people and businesses interact with money, by offering faster, cheaper, and more transparent solutions. One of the most prominent examples of fintech is cryptocurrency, which is a digital asset that can be used as a medium of exchange. Cryptocurrency relies on blockchain technology, which is a distributed ledger that records and verifies transactions without intermediaries.
It eliminates intermediaries, minimizing paperwork, and streamlining processes, blockchain can reduce transaction costs in fintech. Blockchain in fintech is a perfect opportunity to automate many routine tasks and direct the workforce towards more complex processes, such as fraud detection
However, cryptocurrency also faces many challenges, such as volatility, regulation, scalability and adoption.
However, it eliminated the need for consumers to carry physical currency in their day-to-day lives. From there, fintech evolved to include bank mainframes and online stock trading services.
On the other hand, Blockchain technology allows for decentralized transactions without a government entity or other third-party organization being involved. Blockchain technology and applications have been growing quickly for years, and this trend is likely to continue as more industries turn to advanced data encryption.
https://bootcamp.cvn.columbia.edu/blog/what-is-fintech/
It looks like a bad post either Ai or plagiarism .
You're not wrong.