2015-06-12 | BPS/DIR/GEN/CIR/02/004

Establishment of Industry Fraud Desks

The Central Bank of Nigeria has established the Nigeria Electronic Fraud Forum (NeFF) to address the rise in electronic payment fraud. All deposit money banks, mobile money operators, switches, and payment service providers are required to set up a dedicated Fraud Desk with trained staff to provide fraud-related support and services to customers. The Nigeria Inter-Bank Settlement System (NIBSS) will act as the industry coordinator for these fraud desks and will provide an electronic platform for logging frauds, direct communication channels, and enhanced e-fraud prevention measures.

Nigeria

Central Bank of Nigeria

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