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Strengthening Nigeria’s Digital Economy with Fraud Desks

As Nigeria’s digital economy continues to expand, combating electronic payment fraud is more critical than ever. The Central Bank of Nigeria (CBN) has issued a Circular mandating the establishment of fraud desks within financial institutions to bolster the nation’s defences against electronic fraud.

In this TMTThursday article, we explore the role of these fraud desks, the responsibilities of the Nigeria Electronic Fraud Forum (NeFF), and how the Nigeria Interbank Settlement System (NIBSS) coordinates industry-wide efforts to safeguard financial transactions.

Learn how these measures are designed to enhance fraud detection, streamline management, and secure Nigeria’s financial ecosystem.

Read the article on Strengthening Nigeria’s Digital Economy with Fraud Desks

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