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Nigeria Electronic Fraud Forum

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The Nigerian Financial sector has shown a steady adoption of the e-payment channels. The parties, as well as all the other players in the financial sector, have been making concerted efforts in ensuring that the financial sector is moving in line with global trends in e-payment development with the view to ensuring efficiency in the system as well as customer satisfaction.

The adoption of the e-payment channels as a preferred channel of payment increases the incidence of electronic fraud. This heightened incidence of fraud therefore brought to the fore the need for the creation of a body (named "the Nigeria Electronic Fraud Forum", "NeFF" which consists of all relevant stakeholders to actively and proactively react to this challenge to safeguard integrity of the e-payment channels.

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Facts : 1/1/1900
NEEDS:National Economic Empowerment and Development Strategy was developed by the National Planning Commission, then headed by Prof Charles Soludo. It was endorsed by the Federal Executive Council of Nigeria as a poverty-alleviating strategy. The aim of the scheme was to meet the Millenium Developoment Goals of curbing the menace of poverty in Nigeria and bringing it to the barest minimum by the year 2015.
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