NAN-H-67
Centre
By Kazeem Akande
Lagos, Sept. 20, 2016 (NAN) The Electronic Payment Providers’ Association of Nigeria (EPPAN) on Tuesday canvassed for establishment of a risk information centre to enhance banking sector’s vigilance on fraud.
The EPPAN Chief Executive Officer, Mrs Onajite Regha, told the News Agency of Nigeria (NAN) in Lagos that the centre would act in the interest of the industry in maintaining a comprehensive banking fraud database.
“Such information centre will serve as a nodal point for information analysis and dissemination on bank fraud.
“It will also provide relevant support for law enforcement agencies, and drive industry awareness programme for the general public,’’ Regha said.
According to Regha, the centre will drive institutional local and international collaborations to fight fraud and support the banking industry in designing and implementing collaborative programmes.
“The advantages of such a centre are multi-dimensional for the banking industry.
“It will contribute to making the country’s banking sector safer and instill customer confidence.
“The beauty of a central banking risk information centre is that individual companies and institutions can preserve their original mandates as it relates to crime fighting,’’ Regha added.
She said that the centre would support existing processes in the industry without duplicating any function or upsetting existing ecosystem in the criminal justice process.
According to Regha, the centre will reduce the cost of fighting cybercriminals in terms of finance and other resources.
She said that it would provide a holistic view by which every individual organisation could appraise its positions and ensure immediate alert system.
Regha added that the centre would help to eliminate occurrence of same crime type in different organisations.
She urged organisations in the banking sector to unite against cybercrime. (NAN)
AKA/COF/IGO
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(Edited by Oluyinka Fadare and controlled by Ijeoma Popoola)