Bank Auditors Partners CBN to Combat Cybercrime, Improve Digital Banking

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The Central Bank of Nigeria (CBN) and the Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) have agreed to work together to combat cybercrime and improve digital banking operations in the country.

The Association, a Sub-Committee of the Bankers’ Committee of the CBN strives to promote competence, ethical standards and professional behavior amongst member organisations.

Speaking during an official visit by members of the Association to the CBN Director, Banking and Payment Systems Department, Dipo Fatokun in Abuja, ACAEBIN Chairman, Abiodun Aderoju said there was urgent need for the apex bank and the association to collaborate and tackle cybercrime in the interest of the banking sector.

Aderoju explained that the visit was part of the Association’s continuous engagement with stakeholders in an effort at combating cybercrime as well as improvement of the digital banking operations in Nigeria.

“The Association acknowledges the innovative and untiring efforts of CBN in ensuring seamless and digital banking operations,” he said.


The ACAEBIN also noted that the radical transformation of the digital banking activities in the last decade is a testimony to the vision, commitment and professionalism of Fatokun and his team. This, the ACAEBIN Chairman, said is evidenced in the quality of the various policies directive of the apex bank issued from time to time to safeguard the banking public as well as strengthen the financial institutions.

On his part, Fatokun appreciated the Association for the visit and noted the need for continuous interaction and engagement by both bodies.

He promised to give due attention to the – Hide quoted text – issues raised by the auditors.

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