Wema Bank reveals anti-fraud campaign to protect customers

In a way to protect customers from falling victim to activities of fraudsters, Wema Bank Plc has unveiled an anti-fraud campaign.

The campaign is aimed at putting an end to fraudulent activities perpetrated by some wallet accounts and fintech partners.

Wema Bank has powered many fintechs across the country, by allowing them to operate smoothly through Wema Bank’s third party wallet accounts.

Due to the rise in fraudulent inflows into these wallet accounts, Wema bank has taken action against fintech partners whose account activities have been found guilty of fraud.

Wema Bank’s Chief Audit Executive, Oluwole Esomojumi, revealed that, “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 tell-tale 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.”

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.

BEB