30 results
- 17 Mar 2024
Flutterwave Taps Dipo Fatokun, former CBN Director as Board Chair
Flutterwave, a leading payments technology company, has appointed Dipo Fatokun as the new Chairman of Flutterwave Technologies Solutions Limited. He brings a comprehensive regulatory understanding…
- 19 Oct 2015
Transactions in Mobile Money Transfer Scheme Hits N815.47Bn
Mr Dipo Fatokun, director of Banking and Payment System in the Central Bank of Nigeria (CBN) says about N815.47 billion has been transferred though the Nigerian mobile money system since its…
- 11 May 2017
CBN Reiterates Need to Secure Payment Systems
Central Bank of Nigeria (CBN) has reiterated the need to secure payment systems in the country stem fraudulent activities in the financial sector. Mr Dipo Fatokun, Director, Banking and Payment…
- 9 Feb 2016
CBN Says Fraud Drops as e-Payment Transactions Rise
Central Bank of Nigeria (CBN) said the value of actual loss to fraud on electronic banking channels declined in 2015 in spite of rise in e-payment transactions. Mr Dipo Fatokun, CBN Director, Banking…
- 19 Aug 2015
CBN Provides Guidelines for Nigerians Abroad to Enroll for BVN
Central Bank of Nigeria (CBN) said it had finalised the guidelines for Nigerians in the Diaspora to enroll for the Bank Verification Number (BVN). This is contained in a statement by Mr Dipo Fatokun,…
- 20 Jul 2016
Wi-Pay Technologies Secures Mobile Money License from CBN
Wi-PAY Technologies announced that it has been granted an approval-in-principle by the Central Bank of Nigeria (CBN) to run mobile money operations. By a letter signed by Mr. Dipo Fatokun, director…
- 22 Jun 2018
CBN Puts Unbanked Population @ 37%
Barely two years to the 2020 target to reduce unbanked Nigerians to 20 per cent the Central Bank of Nigeria (CBN) has said the country’s unbanked population currently stands at 37 per cent. Mr Dipo…
- 9 Oct 2013
EPPAN Calls for Upgrade of Infrastructure for Cashless Regime Boom
Electronic Payment Providers Association (EPPAN) has reiterated the need for Nigeria to upgrade its infrastructure ahead of the boom in ePayments in the country, even as it stressed that more…
- 8 Jul 2018
Mobile Banking Fraud: MAXUT, OneSpan Hold 3rd Banking Security Summit
OneSpan, in collaboration with MAXUT Consulting, recently held its 3rd Annual Banking Security Summit. This followed the growing fraud trends in mobile banking and payments around the world,…
- 9 Jul 2018
MAXUT Consulting Receives Best Partner 2018 Award from OneSpan
OneSpan formally recognizes MAXUT Consulting as best sales & technical integration partner in Nigeria and the West African region. OneSpan gave the award at a brief ceremony during the…
- 1 Jul 2018
CBN Mandates Banks to Resolve USSD Complaints in 3 Days USSD
The Central Bank of Nigeria (CBN), over the weekend directed all commercial banks to resolve disputes arising from use of Unstructured Supplementary Service Data (USSD) channel within three days. Mr.…
- 1 Jul 2018
CBN Orders Banks to Settle USSD Disputes in 3 Days
Central Bank of Nigeria (CBN), has directed all commercial banks to resolve disputes arising from use of Unstructured Supplementary Service Data (USSD) channel within three days. USSD, is a…
- 2 Apr 2016
Bank Customers Lose N2.25Bn to Fraudsters – CBN
Bank customers lost N2. 25billion to fraudsters last year despite a significant fall in the value of financial frauds recorded last year, acording to data from the Central Bank of Nigeria…
- 5 Apr 2016
MAXUT Consulting Tasks Firms, Banking Sector on Cyber Security
Mr Michael Odusami, president of MAXUT Consulting, has urged businesses and the banking sector to ensure the safety of their online transactions. Odusami gave the advice during the ``Cyber Security…
- 2 Nov 2014
E-PPAN, NIBSS Upbeat on Strategic Cashless Nigeria
The Nigeria Inter-Bank Settlement System Plc (NIBSS) and the Electronic Payment Providers Association of Nigeria (E-PPAN) said that through strategic alliances and partnerships across the e-payments…
- 13 Jul 2017
E-PPAN: Big Data, Blockchain & Digital Finance Top Agenda Summit 2017
The Electronic Payment Providers Association of Nigeria (E-PPAN) is set to host over 300 delegates on July 18-19 at the iconic Sheu Musa Yar’ Adua Centre, FCT, Abuja with the theme…
- 25 Oct 2016
Microsoft, ISSAN Collaborate to Raise Cyber Security Awareness
Microsoft Nigeria has called on individuals and organizations to pay needed attention to ensuring cyber security in the face of global cyber threats. This call was made at a Cyber Security Summit…
- 20 Jul 2015
E-PPAN, FSS2020 & CBN Africa E-Government Summit Loading
Electronic Payment Providers Association of Nigeria in collaboration with the FSS2020 and the Central Bank of Nigeria, will host the biggest e-government summit in Africa next week. The summit…
- 31 Jan 2018
Fidelity Bank Receives BCMS Certification to Mitigate Risk
Fidelity Bank Plc yesterday achieved another feat with Business Continuity Management System (BCMS) and ISMS certifications to improve resilience capabilities and risk management. Mr Nnamdi Okonkwo,…
- 1 May 2018
CBN Captures 31m Nigerians in BVN Project
Central Bank of Nigeria (CBN) has captured no fewer than 31 million account customers in its Bank Verification Number (BVN) project aimed at ensuring unique identifier in the Nigerian banking…
- 14 Jun 2016
#nitec2016 To Promote Need For Ethical Hacking In Nigeria
Team Hacking Battles is one of the scheduled interesting side attractions at Nigeria International Technology Exhibition & Conference (NITEC 2016 @nitecevent) holding at the Civic Centre, Ozumba…
- 26 Jul 2015
Winigroup, CBN Seek Collaboration on e-Payment Frauds
Winigroup Ltd, Nigeria’s leading, IT Security, Risk Management Solutions Company in Nigeria and experts in the banking and financial technology industry have called for stronger collaboration among…
- 3 Aug 2016
CBN Okays Cheques into Savings A/Cs, Removal Interests on ATM Cards
Central Bank of Nigeria (CBN) on Tuesday approved the payment of cheque deposits into savings accounts, in one of its new four new guidelines for the banking industry. Prior to this development, bank…
- 20 Jul 2015
Nigerian Banks Lose N199Bn to e-Fraud
Nigerian banks have lost a total of N199 billion to e-fraud between 2,000 and 2014, mostly due to inappropriate and reckless management of customers’ data, according to a report by the Leadership…
- 27 Dec 2016
Skye Bank Bags CBN Awards for Fight Against Electronic Fraud
Skye Bank Plc. has emerged “The Most Committed Watch Listing Bank in Nigeria” out of four corporate awards that were up for grabs at the Nigeria Electronic Fraud Forum (NeFF) Annual Dinner and Awards…
- 1 Jul 2015
CBN Extends BVN till October 31
Central Bank of Nigeria (CBN) has extended the Bank Registration Verification (BVN) deadline to October 31 to accommodate customers who had thronged the banks to beat Tuesday's closing date. This is…
- 14 Jun 2015
CBN Asks Banks to Set Up Fraud Desks
Central Bank of Nigeria (CBN) has in a circular directed Deposit Money Banks to maintain dedicated fraud desks in order to stem frauds within the banking industry. The CBN also said that it had…
- 25 Oct 2017
How and Why Contract Staff Aid Bank Fraud
There are indications that the growing tendency among banks to give sensitive positions to contract staff is heightening the risk of lenders being hit by fraudsters, according to New Telegraph.…
- 7 Apr 2013
NIBSS Begins Interoperability Services in MobileMoney Transactions
National Central Switch (NCS) has begun interoperability services for mobile money transactions, having completed integration of 15 out of the 16 already licensed mobile money operator. The…
- 14 Feb 2019
CBN Orders Banks to Send Politically Exposed Persons Data to NIBSS
Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs), Micro-Finance Banks (MFBs) and other financial institutions to send data fields on Politically Exposed Persons (PEPs) as part of…