From 3-day wait to per second transaction: How do bank transfers work?

In early 1995, Bisi Abidoye attended the Sunday service of a church in Abuja for the first time.

The officiating minister asked the first-timers to stand up for recognition and then ushered them to new seats at the front. Alas! When he returned to his original seat at the end of the service, he discovered that his bag was missing.

“I think the thief was attracted to the bag itself. It was a beautiful bag I bought during a trip to South Africa,” Mr Abidoye recounted the event…