- A constant monitoring of Nigerian bankers has been advocated for by the CBN
- The apex bank said that some of the e-payment frauds in the banking sector were able to sail through because those handling sensitive activities connived to make it happen
- CBN argued that the integrity of people working in the financial sector is important
The Central Bank of Nigeria (CBN) has called for constant monitoring of bankers and other employees in the financial services sector in order to curb electronic frauds in the country.
Mr Adebayo Adedibu, deputy governor in charge of operations disclosed this at the Electronic Payments Incentive Scheme Efficiency Awards held recently in Lagos.
According to The Sun, Adedibu claimed some of the e-payment frauds in the banking sector were able to sail through because those handling sensitive activities connived to make it happen.
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“We can still prevent frauds by ensuring the integrity of our systems and of payment. The control recommendations coming from the CBN policies and regulations are not just for cosmetics. We should look at the real impacts on our business and help deliver high quality service to our customers without profit motives of these organizations. That demands certification for whatever technology that we are using to pass the service across.
“Then more importantly is that of the integrity of people involved in our operations. We should start beaming more searches on people that handle sensitive activities in our organisations. And not just one off searches. It must be more regular and continuous searches because we have a lot of people with bad habits among us, particularly their selfish enrichment motives, rather than the success of the organisations where they work. A number of these frauds would not have succeeded if the people involved did not take part.
“So the integrity of the system and of the people is very important to ensure prevention, reduction or total elimination of fraud cases in the industry. I would also implore the operators to continue to invest in technology and people to ensure that we improve the quality of our service delivery,” he was quoted to have said.
Meanwhile, NAIJ.com had reported that the Central Bank of Nigeria (CBN) on Thursday, April 26, declared the daily limit of funds transfer from mobile phones using short codes will now be N100,000.
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According to a statement signed by Dipo Fatokun, director, banking and payment system department, the bank said the decision was made because of the risk associated to mobile banking.
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Source: Naija.ng