The United Bank for Africa (UBA) Plc has hosted stakeholders and industry regulators to its Fraud Awareness Week, an initiative which is aimed at empowering customers with knowledge and tools to protect them against fraud and financial malpractices in the banking and financial sector.

The week-long event which commenced on Monday, October 16, ended on Friday, October 20, 2023.

Speaking at the event on Thursday, the Group Managing Director/Chief Executive Officer of UBA, Oliver Alawuba, stressed the critical significance of the stakeholders’ round-table session, saying it forms a central component of the bank’s commitment to combatting fraud and safeguarding the integrity of the nation’s financial systems.

Alawuba said: “In a rapidly evolving world of finance, where technology and innovation are transforming the landscape of financial services, the need for robust fraud prevention measures is more crucial than ever before.

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“This year’s campaign is encapsulated in two simple yet powerful slogans: ‘UBA won’t ask; so don’t share’, and ‘Stay Secure, Stay Alert, Stop the Fraud’. These slogans serve as a reminder that as a bank, we will never request sensitive information such as PINs, passwords, OTPs/token responses, or personal details via email, phone calls, or any other digital channels.

“They stress the fundamental rule that must be adhered to rigorously to maintain account security and combat fraud actively.”

Other at the event were the Head, Cybercrime Investigation, Advance Free Fraud Economic and Financial Crime Commission (EFCC), Lagos State Command, Abbah Sambo Usman; Managing Partner; Akin Adesomoju & Co, Akin Adesomoju; the Chief Risk & Compliance Officer.

Others were AG, Head, Corporate Services Directorate, Nigerian Inter-Bank Settlement System, Mr Temidayo Adekanye, Manager, Cyber and Intelligence Mastercard Customer Solutions Center, West Africa, Peter Ehizogie and Assistant Commissioner of Police and Head, Legal Department, Police Special Fraud Unit, E.A Jackson, among others.

The Star