Fight Against Fraud: Banks Plan Unified Database

Lagos – In a manner that is unprecedented, commercial banks in the country have concluded plans to unveil a database that will eliminate or reduce to the barest minimum the rampant cases of fraud in the system.

Mr. Herbert Wigwe, managing director of Access Bank, disclosed this at a media briefing at the end of the 32nd edition of Bankers’ Committee meeting held on Thursday in Lagos.

Bankers’ Committee is the umbrella body of commercial banks in the country and representatives of the Central Bank of Nigeria (CBN).

Wigwe said the issue was one of the topical issues deliberated upon at the meeting and it was a unanimous decision among members that something drastic needed to be done to stem the tide of fraud that is daily eroding giant strides made by banks in the country.

Details later…

POSTED BY:OPUOMONI PRIYE
DATE:04/28/2017