The Nigeria Deposit Insurance Corporation (NDIC) has asked Nigerians to avoid installation of applications (Apps) requesting access to their full details as they risk being duped by Ponzi scheme fraudsters and hackers.
The Managing Director and Chief Executive (MD/CE) of NDIC, Bello Hassan gave the warning over the weekend while addressing participants at the Finance and Business Online Publishers Association (FiBOP) 2023 Annual Conference in Lagos.
“When you download an app and are prompted to allow it to access your contacts, pictures and other personal details you should decline to be on the safer side and by so doing mitigate the risk and insecurity inherent in the system.” Hassan said.
Speaking on the theme: ” Mitigating Risk And Insecurity Using Insurance and Technology in a Harsh Economy” the NDIC boss commended FiBOP for coming up with a timely topic that would help to unmasked societal ills and checkmate them.
He charged FiBOP to do more by reporting and educating the society and especially the investing public on illegal schemes and their modus operandi, adding that NDIC is battle ready to confront and conquer all forms of illegalities and ensure culprits are sanctioned, adding that ‘trust is a pillar on which all forms of transactions are conducted.’
He disclosed that with the revocation of the licenses of 149 microfinance banks by the Central Bank of Nigeria (CBN), the NDIC has been able to pay depositors who are eligible and credible.
The NDIC boss was represented at the event by Hawuwa Gambo, accompanied by two male officials from the Corporation.
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