Embrace Cashless Policy, Don Urges Business Community

A university lecturer  in the Faculty of Management Science of the University of Port Harcourt, Dr Henry Okafor, has said that the benefits inherent in the cashless policy were numerous and so advised the business public to embrace the policy.

Okafor, who made this assertion while exchanging pleasantries with The Tide in Port Harcourt, said that the policy would ensure proper record keeping and will also prevent undue problems associated with handling of cash, among others.

He said that if business operators embrace the policy fully, it would make them more accountable and responsible in the discharge of their duties.

The university Don also urged banks in the country to engage in sustainable banking practices, especially in the rural communities, adding that this practice would reduce migration to urban cities.

For the financial managers of educational institutions otherwise known as bursars, Okafor advised them to embrace the cashless policy in carrying out monetary transactions.

He described bursars as an integral part of the education sector and urged them to be more committed and alive to their responsibilities.

“As bursars in the institutions of higher learning, they should all be above board in all their dealings and be compliant with the standard as it affects financial transactions,” he said.

Okafor also harped on the need for training and retraining of financial managers of organizations to enable them cope with modern technologies of the day.

Corlins Walter