30 results
- 4 Nov 2014
Stakeholders @ E-PPAN Conference Seek Joint Action Against e-Fraud
Stakeholder in the judiciary, financial and information technology sectors have called for more proactive measures to tackle electronic related fraud in the country. The calls were coming on…
- 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…
- 20 Nov 2019
NCC Inaugurates Multi-Sectorial Committee on e-Fraud
The Nigerian Communications Commission (NCC) has inaugurated multi-sectorial Committee on e-Fraud to drastically curb crime in the country. Inaugurating the multi-sectoral committee on Wednesday in…
- 14 Mar 2022
e-Fraud is Major Risk to Digital Finance- NCC
Nigerian Communications Commission (NCC), has identified e-fraud as the greatest threat to digital finance. Citing the Central Bank of Nigeria (CBN) report, Efosa Idehen, director, Consumer Affairs…
- 8 Nov 2013
Banks Lose N159Bn to e-Fraud
Mrs. Christabel Onyejekwe, executive director, Business Development, Nigerian Inter-Bank Settlements Systems, (NIBSS Plc), has said that Nigerian banks have lost a total of N159 billion to…
- 21 Aug 2019
Buhari Tasks African Telecoms Regulators on e-Fraud, Cyber Attacks
President Muhammadu Buhari has urged African telecoms regulators to tackle the menace of cyber-attacks and electronic or e-fraud within the continent. He said the time has come for the…
- 28 Dec 2017
Banks Set Up Fund to Fight e-Fraud
Nigerian banks have set up a multimillion-naira fund to fight scammers as the banking sector continues to record rising cases of electronic fraud. Part of the funds will be deployed in massive…
- 13 Mar 2020
NCC’s Committee on e-Fraud Meets, Reviews Inputs from Sub-Committees
The 26-man Committee inaugurated by the Nigerian Communications Commission (NCC) to develop a Memorandum of Understanding (MoU) on how relevant public and private organisations can collaborate to…
- 26 Nov 2019
CBN to Release New BVN Rules to Tackle e-Fraud
Central Bank of Nigeria (CBN) will soon release a new bank verification number (BVN) guideline and set additional rules that will guide it in watch-listing fraudulent banks customers and tackling…
- 17 Aug 2018
Banks Lost N1.63Bn to E-fraud in 2017 – CBN Report
The number of recorded electronic fraud cases in the banking industry increased by 28 per cent last year, rising from 19,531 in 2016, to 25,043, resulting in a loss of N1.63 billion, the Central Bank…
- 10 Sept 2020
NCC Alerts on Subscribers of Phishing Scams, other e-Frauds
Nigerian Communications Commission (NCC) has alerted the general public to the increasing incidents of fraud across various platforms, especially on social media networks. Prof Umar Danbatta, EVC,…
- 27 Oct 2021
NCC, other Telecom Regulators Set to Combat e-Fraud, Standardise Regional Roaming Tariffs
The Nigerian Communications Commission (NCC) and other telecoms regulators under the auspices of West African Telecoms Regulators Assembly (WATRA) are set to develop technical and regulatory…
- 21 Jul 2014
Bank Cautions MasterCard holders on Code to Stem e-Fraud
Enterprise Bank Limited has called on its MasterCard holders to protect their cards against Internet fraudsters by subscribing to MasterCard Secure Code, as a way of guarding against the growing…
- 22 Jun 2023
NCC Moves to Deepen Connectivity with Starlink Partnership
Umar Danbatta, the executive vice chairman (EVC) of the Nigerian Communication Commission ( NCC) said the commission is considering engaging with Starlink to extend connectivity to rural areas in the…
- 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…
- 7 Nov 2014
Nigerian Banks Detect 46% eFraud via Customer Complaints
About 46% of cyber incidents are detected through customer complaints, according to Nigerian Cyber Threat Barometer report 2014 This was disclosed by Bukola Smith, head, Payment Sub-committee,…
- 19 Oct 2016
eFraud: CBN, Industry Stakeholders Move to Tackle N4Bn Annual Losses
Central Bank of Nigeria (CBN) and other key stakeholders in the payment sector will, next month, converge on Lagos at the annual Payment Systems and Fraud Conference discuss on how to tackle cases of…
- 20 Dec 2012
ATM Fraud Declines, Another Scam Rises
Mr. Emmanuel Obaigbona, chairman, Nigerian e-Fraud Forum, NeFF, has said that fraudulent transactions through the Automated Teller Machines (ATMs) have been reduced by 99 per cent within the last one…
- 1 Aug 2016
Electronic Fraud: Banks Focus on COBiT Certification
Having completed the certification of Payment Card Industry Data Security Standards (PCI DSS) version 3.1, the latest security measure aimed at waging off hackers from networks, money deposit banks…
- 21 Nov 2019
NCC Says 150m Nigerians Risk Financial Fraud
Nigerian Communications Commission (NCC) has warned that over 150 million Nigerians in the financial system risk being defrauded through telecommunications platforms. Prof. Umar Danbatta,…
- 22 Mar 2020
NCC Lists Challenges Facing Telecom Users in Nigeria
Nigerian Communications Commission (NCC), has listed cybercrime and e-fraud as some of the major challenges facing telecommunications users in the country. Prof. Umar Danbatta, EVC, NCC cc Prof Umar…
- 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…
- 8 Nov 2017
Experts Seek Improved e-Channels Security, Banks Lose N237bn In 10 Years
By peter oluka Fraudsters, especially through the electronic payment channels have stolen about N237 billion since 2007 from Nigerian banks. This was made known on Monday by the Niyi Yusuf, country…
- 12 Nov 2014
E-PPAN, Others Say Judiciary Strategic In Combating Financial Frauds
Stakeholders in the Nigerian financial sector have urged the judiciary not to relent on the fight against financial and other related frauds in a bid to safeguard the economy. Rising from the 5th…
- 22 Oct 2018
CBN, Telcos to Block Cloned SIMs from Customers’ Accounts
Central Bank of Nigeria (CBN) through the Nigerian Electronic Fraud Forum (NeFF) is partnering the telecommunication companies to ensure that cloned SIM do not have access to customers’ accounts.…
- 22 Nov 2019
NCC Sharpens Strategy to Combat Financial Frauds
In fulfillment of one of its fundamental statutory responsibilities of protecting the interests of the consumers of telecoms services, the Nigerian Communications Commission (NCC) on Wednesday…
- 5 Apr 2017
Why eCommerce Remains Largely Traditional in Nigeria
Despite the growing appeal of e-commerce, available data shows that the shopping behavior of majority of Nigerians is still largely traditional – with many preferring to see, touch or…
- 2 Mar 2020
NCC Says Consumers Remain its Focal Point
Prof. Umar Garba Danbatta, executive vice chairman (EVC) of the Nigerian Communications Commission (NCC), has said the Commission will abide by all the tenets of consumer rights in its day-to-day…
- 4 Sept 2016
‘Insider Involvements Account for 80% of Electronic Fraud’
Oluseyi Akindeinde, chief technical officer, Digital Encode, has attributed internal collaboration 80 percent of electronic frauds recorded in the country. He said that the incidences are more…
- 24 Mar 2021
Telcos Reject Demand by Banks for SIM Swap List
Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN), has asked telecommunication companies, to submit lists of SIM Swap customers to Nigeria Interbank Settlement System (NIBSS) for…