Wema Bank, the pioneer of Africa’s first fully digital bank, ALAT, has commemorated International Fraud Awareness Week 2024 by hosting a seminar.
The International Fraud Awareness Week 2024 was themed, “Share A Story, Stop A Scam”. The seminar was held at Wema Bank Head Office in Lagos on November 20, 2024, according to a statement from the financial institution.
International Fraud Awareness Week is a global celebration commemorated annually in the third week of November, to highlight the increasing threat that fraud poses on individual, business, and societal levels, and encourage individuals and institutions to take proactive steps toward minimising the impact of fraud.
The theme of International Fraud Awareness Week 2024, “Share A Story, Stop A Scam”, particularly emphasises the significance of awareness, information, and education, in combating fraud.
Wema Bank, proactive in its commitment to combating fraud, has over the years built a reputation of educating and empowering its customers with the knowledge, information, and insights needed to help them identify, and mitigate fraud on various levels.
The bank launched its Anti-Fraud campaign through which it had not only continued to spread awareness about fraud but also taken action against fraudsters.
Representing the CEO of Wema Bank, Moruf Oseni, the bank’s Executive Director of Retail and Digital Business, Tunde Mabawonku, emphasised the bank’s commitment to championing fraud awareness and combating fraud.
He said, “Fraud and scams are no longer news, and fraudulent tactics continue to evolve each day. With the evolution of digital banking, we as an institution have a role to play, and this is why we remain unrelenting in our fight against fraud.
“Awareness is key, so while we do the backend work of constantly innovating, running checks, and advancing our security framework, we go a step further in ensuring that our customers are also equipped to, on their end, complement the work we do in terms of maintaining their financial security; and we do this through awareness, information, and education.
“Our commitment to driving fraud awareness goes beyond International Fraud Awareness Week because the truth is, awareness is a lifelong journey. With the digital evolution of constant proliferation, fraudsters are getting more creative in their tactics and the onus is on every one of us to keep spreading the word about rising fraudulent antics and how to handle them, to ensure that more people are aware and equipped to stay ahead of these fraudsters.”