CBN, bank auditors move to fight cybercrime in Nigeria

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The Central Bank of Nigeria (CBN) and the Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) are set to collaborate in a move to combat cybercrime and improve digital banking in Nigeria.

The CBN and ACAEBIN agreed to the proposed partnership during an official visit by members of the association to the CBN Director, Banking and Payment Systems, Mr. Dipo Fatokun, in Abuja.

Members of the association were led by its Chairman, Mr. Abiodun Aderoju.

Aderoju stressed the urgent need for the CBN and the association to collaborate and tackle cybercrime in the interest of the banking sector.

In a statement on Sunday, ACAEBIN explained that the visit was part of the association’s continuous engagement with stakeholders in an effort to combat cybercrime and improve digital banking operations in Nigeria.

“The association acknowledges the innovative and untiring efforts of the CBN in ensuring seamless and digital banking operations,” he said.

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The ACAEBIN also noted that the radical transformation of the digital banking activities in the last decade was a testimony to the vision, commitment and professionalism of Fatokun and his team.

This, the ACAEBIN chairman, said was evidenced in the quality of the various policies of the apex bank issued from time to time to safeguard the banking public as well as strengthen the financial institutions.

On his part, Fatokun appreciated the association for the visit and identified the need for continuous interaction and engagement by both bodies.

He promised to give due attention to the issues raised by the auditors.

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