ACAMB's Jide Sipe Urges Vigilance Against Banking Scams

Bank customers in Nigeria have been advised to remain vigilant against phishing scams and cyber fraud, as highlighted by Jide Sipe, President of the Association of Corporate Affairs Managers of Banks (ACAMB). This warning follows incidents of fraudulent text messages impersonating various banks.

In June, Wema Bank suspended its engagements on X, formerly known as Twitter, due to over 70 fake accounts impersonating the bank and its ALAT platform. Additionally, in August, Zenith Bank Plc reported an investigation into unauthorized access to customer data linked to a global cyberattack.

Sipe noted that fraudsters are using increasingly sophisticated methods to impersonate trusted banking brands, making it difficult for customers to distinguish between legitimate and fraudulent communications. He emphasized that no bank in Nigeria will request sensitive information such as PINs or passwords through links.

Customers are urged to verify requests through official channels and report any suspicious activity. ACAMB is committed to collaborating with banks, regulators, and the media to raise awareness about cyber fraud.