In order to stem the growing rate of electronic frauds in Nigeria, the nation’s apex bank, the Central Bank of Nigeria (CBN), has unveiled new security policies that would protect bank customers and the business community.
According to the acting governor of CBN, Dr. Sarah Alade, the new strategy will fortify the nation’s financial policies. She said this while unveiling the new security policy at the sensitization exercise of stakeholders on cash-less policy held Wednesday in Yenagoa, Bayelsa state.
Alade said the new security policy would witness the inauguration of the Nigeria’s Electronic Fraud Forum as well as the passage of two bills by the National Assembly for a legal framework and the unification of efforts among banks in the area of information sharing.
“While the CBN is playing a leading role in the development and implementation of this policy, the cooperation among the respective stakeholders is extremely important if we are to ensure the improved efficiency of Nigeria’s payment system to contribute to the country’s economic and social development through increased financial resources,” she said.
The representative of the Head of Shared Services Office, CBN headquarters, Mr. Ene Eleonu said the revised policy of the CBN on cash-less policy will focus more on the use of mobile payment through the use of mobile phones.
“The card related crimes will come to zero,” he said.
