Flutterwave collaborates with CeBIH on 2022 conference to secure payments ecosystem in Nigeria

Flutterwave, Africa’s leading payments technology company, partners with the Committee of e-Business Industry Heads (CeBIH) to host the  Annual Conference of CeBIH for 2022, towards growing and securing the payments ecosystem in Nigeria. The conference which holds in Lagos on Friday, December 2nd, 2022, promises to chart the course for combating fraud in payments. This collaboration shows a renewed commitment by Flutterwave to support conversations that create a safe and secure digital payments ecosystem for all Nigerians.

Formed in 2008, CeBIH seeks to achieve the primary objective of promoting electronic banking services in line with global practices by serving as a forum for Heads of e-Business/e-Payments in Nigerian deposit-money banks to share ideas and experiences. This year’s annual conference, which is the 10th edition, will be a gathering of industry leaders  to celebrate the gains, including the giant strides made by CeBIH in the ecosystem.

Commenting on the choice of the theme, Celestina Appeal, the chairman of CeBIH, said “Solving the payment challenges and fraud risks in emerging markets like Nigeria requires collaborative efforts and strategic partnerships. She stated that “The focus of this year’s conference is very apt considering the menace of the increase in the volume and value of fraud incidents which undermines our collective efforts as an industry. The theme also underscores a major focus for the current leadership of CeBIH which is an effective combat against fraud through collaboration with all stakeholders, be it public or private sector”.

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Speaking on the partnership, Olugbenga ‘GB’ Agboola, Founder and CEO of Flutterwave, said “We are excited to be working with CeBIH again as it provides us with the opportunity to showcase our passion for making the payment ecosystem safe and secure for everybody out there. It helps us network with key stakeholders and partners in the industry where we are able to foster strategic partnerships and collaborations.”

GB further observed, “the trend seen globally is that as companies innovate to improve the technology that makes e-payment seamless for consumers, cybercriminals also improvise their strategies to commit frauds.” The Nigeria Inter-Bank Settlement Systems (NIBSS) statistics showed that about N3.5 billion was lost to fraud-related incidents between July and September 2020.

Speakers such as Premier Oiwoh, Managing Director of NIBSS; Mobibbo Haman Tukur, Director & CEO, Nigeria Financial Intelligence Unit; Dr. Peter Obadare, Co-founder & Chief Visionary Officer, Digital Encode; Dr. Blaise Ijebor, Risk Management Department, Central Bank of Nigeria; Wole Oyeniran, Partner, Enterprise Technology & Performance Consulting, West Africa, Deloitte & Touche, and Emmanuel Efenure, Head of Risk, Africa at Flutterwave, the CeBIH Conference 2022 in collaboration with Flutterwave promises to lay down guidelines for building an ecosystem with zero-tolerance for frauds.