2013-07-04 | BPS/DIR/CIR/GEN/02/031

Submission of Fraud Report on Electronic Channels using a Common Portal for the Industry

The Central Bank of Nigeria established the Nigeria Electronic Fraud Forum (NeFF) in collaboration with CBN and NIBSS to develop a safer and more efficient payment system. A fraud reporting portal was created for industry participants to share experiences, with a deadline for all financial institutions to register and start using it by July 12th, 2013. The reports should be submitted weekly, and failure to comply would result in sanctions. This initiative is critical for the success of the Cashless Nigeria Project and maintaining public confidence in the payment system.

Nigeria

Central Bank of Nigeria

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