software that could prevent and detect fraud in the financially system
in 2013.
The Governor, CBN, Mr. Lamido Sanusi, said at the meeting of the
Nigeria Electronic Fraud Forum that the software would be domiciled in
the Nigeria Inter-Bank Settlement System.
Sanusi, who was represented by the CBN Director, Banking and Payment
System Department, Mr. Dipo Fatokun, said, "Although, the banks have
their own software to prevent fraud, we want an industry software.
This software will address all forms of fraud."
He added that plans were in place to set up information and risk
management working group that would ensure that fraud was reduced to
the barest minimum.
Source : www .punchng.com