Tags: Banks

NDIC URGES IOD BOSS TO COLLABORATION WITH CBN, OTHERS TO ADDRESS CORPORATE GOVERNANCE CHALLENGES IN BANKS

L-R: Nigeria Deposit Insurance Corporation (NDIC) MD/CE, Alhaji Umaru Ibrahim, receiving an award from the President, Institute of Directors (IOD) Governing Council, Alhaji Ahmed Rufai, during a courtesy call to the NDIC Management at the Corporation’s Head Office, Abuja.The Managing Director/Chief Executive of Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim has identified the critical role…

Banks, Financial Institutions remain the unabated targets of cyber criminals in the last decade

Cybercrime simply stated is an economic offence committed using the computer and internet as a medium, source, instrument, target, or place of a crime. “Today’s incidents, yesterday’s strategies – As the digital channel in financial services continues to evolve, cyber security has become a business risk, rather than simply a technical risk” -Anonymous Pattison Boleigha…

Nigerian banks lost N2.19 billion to fraudsters ‎through electronic platforms in 2016

Nigerian Deposit Money Banks, DMBs, lost N2.19 billion to fraudsters through electronic channels in 2016 fiscal period, an official has said. The Deputy Governor, Operations, Central Bank of Nigeria, CBN, Adebayo Adelabu, said this while unveiling a report on electronic frauds by the CBN on Tuesday. Speaking at the first stakeholders’ workshop on cybercrime organised…

What Nigerian Banks Should Do Differently in this dire circumstances?

Ikem Okuhu, Analyst-in-Chief of BRANDish, an magazine/online, in his wisdom gathered experts with different opinions and serious national conversations need to be galvanised in search of new ways banks in Nigeria can alter business approaches and processes to help themselves and by so doing, lift the economy. Those experts gathered at White House Hotel Ikeja, are…

Banks, JAMB trade blames over delays in registration

With Benue candidates encountering more difficulties in their bids to register for the 2017/2018 Unified Tertiary Matriculation Examinations (UTME), banks and the Joint Admissions Matriculation Board (JAMB) have continued to trade blames.   While JAMB has accused the banks of causing the delays, the banks have shot back, arguing that JAMB was solely responsible for…