Nigerian Bank CEOs Collaborate with Police for Security

Bank CEOs in Nigeria are deepening their partnership with the Nigerian Police Force (NPF) to strengthen the security and resilience of the country's financial system. During a stakeholder engagement, Oliv Alawuba, Chairman of the Body of Bank CEOs and Group Managing Director/CEO of United Bank for Africa (UBA) Plc, commended Inspector General of Police Olukayode Egbetokun for his steadfast support of the banking industry.

Alawuba emphasized that the banking sector is crucial for Nigeria's economic stability and requires a secure environment to effectively mobilize financial resources. The partnership aims to address the evolving threat landscape, including cyber-enabled fraud and organized financial crime.

Egbetokun highlighted the interconnectedness of financial security and national security, stressing the need for structured partnerships between law enforcement and financial institutions. The collaboration will focus on enhancing intelligence-led policing and modernizing police infrastructure across the country to protect vital financial assets.