IGP declares banks national security asset orders cyber fraud clampdown
Inspector General of Police Kayode Egbetokun has declared Nigeria’s banking sector a strategic national security asset and ordered an intelligence led crackdown on cybercriminals, insider collaborators and cross border financial crime syndicates targeting banks. Speaking at a meeting with the Chartered Institute of Bankers of Nigeria and bank chief executives in Lagos, he said the police are shifting from reactive responses to proactive disruption of organised crime against financial institutions. He stressed that the strength of banking security now directly affects public confidence, investor perception and Nigeria’s international economic credibility. In a major policy change, Egbetokun announced that regular police officers will no longer be deployed for routine cash in transit escorts or non essential VIP protection for private sector clients. He explained that the traditional model of using conventional police units to guard banking operations is being reviewed in […]