Nigerians love to see their cash. A cash transaction, even if it involves large sums of money, is often preferred to other forms of transaction. It is not unusual for the average businessperson to carry a million naira or two in a Ghana-must-go (a big polythene bag) to effect a transaction, the risks and associated problems notwithstanding. As one commentator puts it: Nigerians “love the smell and feel of their money.”

However, this attitude is gradually changing with the introduction of electronic form of payment.