Winners have emerged at the 2017 Nigeria Electronic Fraud Forum (NeFF) Awards organized and supervised by Central Bank of Nigeria (CBN) in conjunction with Nigeria Inter-Bank Settlement System Plc (NIBBS).
The CBN Nigeria Electronic Fraud Forum (NeFF) award, which is in recognition of efforts of the banking industry in the fight against electronic fraud is presented to the institution “with the most efficient and robust system for tracking all forms of electronic fraud and arresting perpetrators for prosecution”.
Following the appointment of Dr. Adesola Kazeem Adeduntan as FirstBank MD/ CEO, FirstBank management embarked on re-engineering of the bank’s technology, operations and upscaling the skill of its personnel with security of its customer’s funds as key priority, given the bank’s massive investments in alternate electronic transaction channels and technology.
According to the NeFF Chairman, Mr. Dipo Fatokun, who is also the Director, Banking and Payment System in CBN:
“An effective fight against fraud is not without robust awareness program; not only for members of the public, but also for staff of organizations that operate within the payment space.
This would help the industry reduce cost of fraud through increased vigilance and detection abilities.”
On the credibility of the process that led to the emergence of the winners of the awards, the Central Bank of Nigeria in collaboration with NIBBS carried out a survey to rate the performance of all banks in the fight against electronic fraud.
The Nigeria Electronic Fraud Forum (NeFF) is a forum where financial services stakeholders – banks and other organizations within the financial and payment systems – meet on a quarterly basis to deliberate on issues of electronic fraud and its prevention.
