CeBIH: collaboration key to fighting e-payment fraud

• Published date: 17 January 2023
• Publication title: Nigeria - The Nation

The Committee of e-Business Industry Heads (CeBIH) has identified collaboration as a vital necessity to tackling electronic payment fraud in the country.

It, therefore, expressed its readiness to collaborate with private and public sector agencies to tackle the menace.

The Chairman of CeBIH, Celestina Appeal, who stated this at a conference organised by the group in Lagos, said the fight against electronic payment fraud remained the responsibility of all.

According to her, the promotion of a unified front in combating fraud through active collaboration among providers of financial services, the law enforcement agencies, the judiciary, and regulators, has become imperative in restoring the confidence of consumers in the payment system.

She added that CeBIH would remain committed in leading the engagements and interactions with the identified partners to harness capabilities across the ecosystem to rid the payment system of the menace of fraud.

Other speakers at the conference agreed that the growing concern about the increasing trend of Electronic/Digital Financial Services fraud and the attendant leakage of monetary value in...