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Wema Bank Launches Anti-fraud Campaign to Avoid Repeat of 2023 $595,000 Lost

Wema Bank Launches Anti-fraud Campaign to Avoid Repeat of 2023 $595,000 Lost

Wema Bank Plc has launched an anti-fraud campaign to avoid the repeat of the setback of  2023, wherein about $595,000 was lost to fraudulent activities, and to protect its customers and other Nigerians against fraudulent activities

Wema Bank has launched a robust anti-fraud campaign, strengthening its detection and monitoring systems while increasing personnel within its digital compliance unit.

Fraud remains a growing concern on the continent, especially in countries like Nigeria, Ghana, Tanzania and Kenya. Wema Bank’s proactive steps to address fraud set an example for the industry, stressing the importance of protecting customers and upholding trust in the financial system.

Wema Bank remains a major player in Nigeria’s banking landscape, boasting substantial consumer deposits and impressive revenue from digital channels. The bank’s proactive measures have already shown promising results, with a notable decrease in fraud cases in the first quarter of 2024.

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