The Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement System Plc (NIBSS) have urged financial institutions ...

CBN tasks banks to slash electronic fraud, enforce 30-minute response rule, as losses fall 51% in 2025. The Central Bank of ...

Banks in the country have agreed to reduce fraud response times to under 30 minutes, a move expected to significantly improve ...

The Nigeria Inter-Bank Settlement System (NIBSS) has identified five major fraud techniques that continue to dominate digital payment landscape, warning that fraudulent activities are becoming more ...

The Central Bank of Nigeria (CBN) has mandated a response time of less than 30 minutes for commercial banks to address electronic fraud complaints, as new ...

Kinil Doshi is a Senior VP at Citibank and a fintech expert in banking compliance and risk management with two decades of experience. In this article, I want to explore AI applications in fraud ...

The agency improved management of the Electronic Fraud Detection System after a vendor failed to deliver an online version last year. The Internal Revenue Service significantly strengthened management ...

The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to significantly shorten their response time to electronic fraud ...

·Unveils industry-wide war on e-fraud ·Internet banking fraud leads with N13.37bn, 4,507 cases ·Lagos tops with 63% fraud volumes ·3, 417 individuals on fraud watch listLosses to fraud in Nigerian ...

The Central Bank of Nigeria warns of emerging fraud risks in digital banking as losses decline amid stronger controls, swift responses and improved security.