News

April 17, 2024

Anti-fraud campaign: Wema Bank moves against dishonest tech partners

Wema’s ALAT hits 1m accounts in one day

Wema Bank has launched an anti-fraud campaign to protect its customers and other Nigerians against fraudulent activities perpetrated by some wallet accounts and fintech partners.

As a result of the increase in fraudulent inflows into the wallet accounts, the bank has taken firm action against fintech partners, whose account activities have been found guilty of fraud.

The Anti-Fraud Campaign targeted at creating awareness, educating, and equipping customers with the necessary information needed to mitigate, detect and handle fraudulent activities on their bank accounts further underscores the bank’s commitment to safeguarding customers’ finances and personal data.

READ ALSO: Wema Bank records 196% profit before tax in 2023

Wema Bank’s Chief Audit Executive, Oluwole Esomojumi, said: “The antics of fraudsters are constantly evolving. To stay steps ahead, consumers must have good understanding of what interaction or engagement are telltale signs of fraud and how they can handle suspicious fraudulent engagements, hence the launch of the Wema Bank Anti-Fraud Campaign. We are steps ahead on our end which is why we have taken time to investigate our fintech partners and those found culpable have been disengaged from our payment gateway platform.

“As a bank that is resolute in our stance against fraud, we cannot compromise the safety of our beloved Nigerians, especially when these threats of fraud are emanating from Fintech who use our platforms. Rest assured, there is no room for fraudsters here.”