Acting CBN gov unveils new security policy on fraud



The Acting Governor of the Central Bank of Nigeria (CBN), Dr. Sarah Alade has unveiled new security policies to protect bank customers and the business community against electronic fraud.
According to Alade, the new strategy would fortify the nation’s financial policies.

Dr. Alade unveiled the new security policy at the sensitization exercise of stakeholders on cash-less policy heldyesterday in Yenagoa.
Alade, who was represented by the Bayelsa branch controller of the CBN, Mr.Basil Udou-Tun, 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.

In his presentation at the event, 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.

Eleonu assured customers in Yenagoa that the security measures put in place by the CBN will ensure minimal fraud with the withdrawal of the swipe card system to chips implanted in the Automated Cards.

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