The Central Bank of Nigeria (CBN) has claimed success in checking Internet fraudsters in the banking sector through various measures to prevent hacking into customers’ accounts. The deputy governor of the apex bank in charge of operations, Mr. Bayo Adelabu, who spoke at the 2017 retreat of the Nigeria Electronic Fraud Forum (NeFF) held in Ibadan, Oyo State capital, said the bank would continue to sanitise the financial sector. Chairman, Nigeria Electronic Fraud Forum, Dipo Fatokun said with the bank verification number in place, biometrics would soon be used for transactions. According to him, the retreat has re-enforced greater synergy among the Office of the National Security Adviser (ONSA), the forum and the entire payments industry. “It is safe to say that the fraudsters industry is not only in recession, but will hopefully never recover, based on the strategies this retreat will fashion out for the fight against e-fraud in Nigeria,” the CBN official said.

Source: The Guardian November 20, 2017 05:48 UTC