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Summit to tackle e-payments fraud

09 October 2013, 14:38

Lagos -   The Electronic Payment Providers Association of Nigeria (EPPAN) is planning to hold a conference where key industry players locally and the region will convene to proffer solutions on how fraud issues in cash-less payment system can be curtailed.

The event is slated for November 5 in Lagos.

According to a statement issued by EPPAN, the conference will be held in partnership with the Central Bank of Nigeria (CBN) and the Economic Community of West African States (ECOWAS).

The statement also said the Nigeria Interbank Settlement Systems, Interswitch Nigeria Limited, SecureID Limited, Diamond Bank Plc and Stanbic IBTC Bank Plc had endorsed the conference.

The conference also has the support of Citiserve Limited and Itex Integrated Services Limited and will be held on November 5 this year.

The conference will be held under the theme, “Contemporary Fraud Issues with Cash-less Society: The Way Forward.”

Invited speakers for the event include the EPPAN Trustee, Adedotun Sulaiman, Director of Operations, Economic and Financial Crimes Commission, Olaolu Adegbite (CSP), Director, Banking and Payment Systems, CBN, Dipo Fatokun, and Head of Nigeria Electronic Fraud Forum, Dosunmu Olabiyi, among others.

The conference comes amid initiatives by CBN to transform Nigeria into a cashless economy.

Meanwhile, the Executive Secretary of EPPAN, Onajite Regha, said that the scheme was fast gaining acceptance across the country, despite the present challenges, including security fears.

Regha’s organization recently concluded an awareness programme on the states where the policy had been implemented.

“Virtually, all those that were sensitized showed eagerness to embrace the scheme,” she said.

She meanwhile reiterated the need for Nigeria to upgrade its infrastructure ahead of the boom in ePayments in the country.

According to her, the success of the scheme rest on improved infrastructure, as strategies must be developed to ensure that all loopholes are blocked, especially in the areas of infrastructure and awareness.

– CAJ News

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