Wema Bank has initiated an anti-fraud campaign to shield its customers and the wider Nigerian populace from fraudulent activities associated with certain wallet accounts and fintech partners. The bank has implemented stringent measures against fintech partners whose account activities have been implicated in fraudulent practices, responding to a surge in fraudulent inflows into wallet accounts.
The campaign aims to raise awareness, educate, and empower customers with vital information to identify, prevent, and manage fraudulent activities on their bank accounts. This initiative underscores Wema Bank's unwavering commitment to safeguarding customers' finances and personal information.
Oluwole Esomojumi, Wema Bank's Chief Audit Executive, highlighted the evolving tactics of fraudsters and emphasized the importance of consumers recognizing signs of fraud and managing suspicious engagements. The bank has conducted thorough investigations into its fintech partners, terminating relationships with those found complicit in fraudulent activities, as part of its proactive stance against fraud.
Esomojumi reiterated the bank's dedication to protecting Nigerians from fraud, particularly when the threats originate from fintech partners. He assured customers of Wema Bank's zero-tolerance policy towards fraudsters, emphasizing the bank's proactive measures to ensure the safety of its customers.
