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Wema Bank Launches Anti-Fraud Campaign to Protect Customers*

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Wema Bank Clinches Multiple Awards at the Global Sustainable Finance Awards 2024

*Wema Bank Launches Anti-Fraud Campaign to Protect Customers*
*….Takes Firm Action Against Fraudulent FINTECH Partners*

 

 

Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital Bank, ALAT, 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 the bank at the forefront of digital innovation and a top enabler in the FinTech landscape, Wema Bank powers a plethora of FinTechs across Nigeria, allowing them to operate seamlessly through Wema Bank’s 3rd Party Wallet Accounts. Due to the recent hike in fraudulent inflows into these wallet accounts, the bank has taken a firm action against fintech partners whose account activities have been found guilty of fraud.

Through the anti-fraud campaign launched recently, Wema Bank has successfully investigated, identified, and disengaged 3 FINTECHs partners for Fraud and suspended 4 FINTECHs partners from its platform in its ongoing efforts to ensure responsible partnership, adherence to regulatory procedures and conformance to CBN KYC guidelines. There are ongoing audit and review of FINTECH partners processes as part of the grand plan to ensure that we get the anticipated/desired results.

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

Wema Bank’s Chief Audit Executive, Oluwole Esomojumi, disclosed that the anti-fraud campaign is designed to protect customers from fraudulent activities and providing them with necessary information for detecting the evolving tactics of fraudster and to also solidify our position as the bank that stands fully against fraud.

According to him, “The antics of fraudsters are constantly evolving. To stay steps ahead, it is imperative that consumers 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. We have multiplied the frequency of our security checks and are committed to rooting them out one by one. No fraudster is safe with Wema Bank because at Wema Bank, customer safety is our priority and empowering the lives and businesses of every customer is our mission”, he concluded.

The fight against fraud is one that is clearly personal to Wema Bank and with the sturdy layers of security measures initiated and executed by the bank to sustain consumer protection beyond the direct responsibilities of the bank, Wema Bank is making its entire ecosystem inconducive to fraudsters.

To escalate fraud cases connected to any Wema Bank account(s), customers are to send an email to [email protected] as the platform is live and active 24/7.

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Day Two of Decentralized Intelligence 2024 V2: A Deep Dive into Blockchain, Web3, and AI

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*Day Two of Decentralized Intelligence 2024 V2: A Deep Dive into Blockchain, Web3, and AI

 

 

The second and final day of the Decentralized Intelligence 2024 V2, a Blockchain, Web3, and AI Summit, concluded with a workshop at the Civic Center, Victoria Island, Lagos. The two-day event, organized by the Blockchain Nigeria Users Group (BNUG) and sponsored by the Afriq Group of Companies, brought together leading minds in the tech, cryptocurrency, and artificial intelligence sectors.

Day two focused on a series of in-depth workshops that provided delegates with practical knowledge and insights into blockchain technology, cryptocurrency, artificial intelligence, and cybersecurity. Participants had the chance to engage directly with some of the industry’s most respected figures. Among them were Jesam Michael, CEO of Afriq Group of Companies; John Orakwe, an AI specialist; Dr. Paul Chima, a chiropractor with interests in tech and innovation; Ladi Willie, a business journalist at Channels TV; and Chimezie Chuta, Founder of BNUG and Chairman of the Nigeria Blockchain Payment Systems Council (NBPSC).

 

Each expert contributed to discussions that ranged from the future of blockchain in Africa to the intersection of AI and Web3 technologies. The sessions offered valuable opportunities for attendees to deepen their understanding of the rapidly evolving tech landscape, with a particular focus on the practical applications and implications of these technologies for the Nigerian market.

 

The Afriq Group of Companies, as the major sponsor, made a lasting impression during the summit. Jesam Michael, CEO of Afriq Group, delivered a thought-provoking speech that resonated with the audience. He began by expressing his appreciation to BNUG for creating a platform that fostered learning and collaboration within the tech community.

 

“I celebrate ideas,” Jesam Michael remarked, acknowledging the vision and effort behind the summit. “Let’s thank Mr. Chimezie Chuta and his team for putting up this wonderful idea, allowing crypto and tech lovers to come and learn for free. If this event had been organized by a foreign counterpart, this hall would have been overflowing with people because they support each other. Yet here in Nigeria, we find ourselves caught up in internal conflicts, cyberbullying, and character attacks.”

His address highlighted the importance of unity and support within Nigeria’s tech community, emphasizing the potential for growth if individuals could rally behind one another. Jesam Michael also underscored the role of technology in creating positive social impact, saying, “My thoughts are to see you stand tall, helping the less privileged, the widows, the aged men and women, and contributing to the economy of our country.” He reiterated his commitment to supporting initiatives that promote progress and development.

The second day concluded with an atmosphere of optimism and excitement about the future of blockchain, Web3, and AI in Nigeria. Participants left the summit with fresh insights and new connections, poised to apply what they had learned to their respective fields.

Chimezie Chuta, reflecting on the event’s success, thanked all partners, speakers, and participants for their active involvement. He emphasized that the mission of BNUG is to continue to create platforms for knowledge-sharing and collaboration, ensuring that Nigeria remains at the forefront of the digital revolution.

The Decentralized Intelligence 2024 V2 Summit not only showcased the depth of talent and expertise within the Nigerian tech community but also underscored the importance of fostering collaboration for the growth of blockchain and AI technologies. The Afriq Group of Companies’ involvement, especially, served as a testament to the power of strategic partnerships in driving the country’s digital transformation forward.

 

Day Two of Decentralized Intelligence 2024 V2: A Deep Dive into Blockchain, Web3, and AI*

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Zenith Bank Boosts Customers Online Experience With Revamped Digital Channels

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Zenith Bank Enhances E-Channel Services for Customers

Zenith Bank Boosts Customers Online Experience With Revamped Digital Channels

 

 

 

 

Zenith Bank, one of Nigeria’s foremost financial institutions, has successfully restored full operational services across its electronic transaction channels, ensuring that customers can now enjoy seamless access to digital banking services.

This restoration follows temporary disruptions caused by a routine upgrade of the bank’s technology infrastructure, which aimed to optimize service delivery but impacted e-channel services recently.

In a post shared on Thursday through its social media platforms, the leading lender confirmed that all services across its electronic channels have been fully reinstated.

Reiterating its commitment to providing quality digital services, the bank assured customers of exceptional service with its newly enhanced technology infrastructure, designed to deliver seamless and innovative financial solutions.

The announcement stated:

“We are pleased to inform you that access to our digital channels has been restored, allowing you to perform transactions conveniently via your preferred platform.

We appreciate your patience during the IT infrastructure upgrade and sincerely apologize for any inconveniences you experienced.

Rest assured, we are dedicated to providing you with exceptional service, and the new IT infrastructure we have implemented will enable us to do so moving forward.

Thank you for choosing to bank with us.”

*Important Reminder*

Zenith Bank will NEVER call, SMS, or email you requesting your card details, PIN, token codes, mobile/internet banking login details, or any other account-related information.

We will also NEVER ask you to click on a link to update your bank information or activate your account. If you receive such messages, please DO NOT respond.

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Wema Bank Launches #MyTeacherMyHero Challenge to Celebrate Exceptional Educators in Nigeria

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*Wema Bank Launches #MyTeacherMyHero Challenge to Celebrate Exceptional Educators in Nigeria

 

As the world celebrates the invaluable contributions of teachers on World Teachers’ Day, Wema Bank proudly joins this global recognition by launching the #MyTeacherMyHero Challenge to honor and reward exceptional educators in Nigeria. This initiative aligns with the bank’s commitment to the theme, “Valuing Teacher Voices: Towards a New Social Contract for Education.”

Abimbola Agbejule, Head of Corporate Sustainability and Responsibility, shares her thoughts on this initiative: “At Wema Bank, our dedication to education extends far beyond providing financial services. It’s about celebrating the educators who light the path of knowledge for our future leaders.” She added, “Through the #MyTeacherMyHero Challenge, we aim to honor these remarkable teachers while reinforcing our commitment to corporate sustainability. We believe that investing in education is essential for fostering a sustainable future for our communities.”

Wema Bank has consistently demonstrated a steadfast commitment to fostering educational engagement, making a positive impact on society, and promoting personal development through education. This year, the bank is determined to make World Teachers’ Day unforgettable by celebrating the educators who have made a lasting impact on their students’ lives.

The #MyTeacherMyHero Challenge encourages students, alumni, and parents to nominate the teachers who have left an indelible mark on their lives. These teachers deserve to be recognized and celebrated for their outstanding contributions to education and personal development.
Participation is Simple:
1. Follow @WemaBank on Instagram, Twitter, and Facebook.
2. Upload a 1-minute video sharing the story of your most cherished teacher. Explain why they are special and how they have positively impacted your life.
3. Tag @WemaBank and use the hashtag #MyTeacherMyHeroByWema.
The call for entries opened on Monday, 7th October, and closes on Friday, 18th October 2024. The Top 3 teacher nominations will be announced and unveiled on October 25th, 2024, creating excitement and marking a significant moment in the teaching profession.

This initiative reflects Wema Bank’s dedication to education, personal growth, and the individuals who inspire and mold our nation’s future. We invite everyone to participate in

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