THE RELEVANCE OF ELECTRONIC BANKING IN A GROWING ECONOMY LIKE NIGERIA

Security, fraud and privacy concerns remain a major hurdle that must be tackled by the Banks and government as a whole for e-banking to be religiously adopted by all. Many people can go on and on about the security concerns and privacy issues that affect the full adoption of e-banking by the general public in Nigeria and also in the world as a whole, but the onus here is on the banks themselves to build trust in the minds and hearts of their various customers. In any relationship, trust is very important and the absence of it hinders any meaningful bonds regardless of whether it is a social or business relationship.