Flutterwave Partners EFCC to Establish Cybercrime Research Center in Nigeria
Flutterwave, Africa’s leading fintech company, has partnered with the Economic and Financial Crimes Commission (EFCC) to establish and lead a state-of-the-art Cybercrime Research Center.
This collaboration represents a significant advancement in enhancing cybersecurity measures and tackling the growing threat of cybercrime in the country.
Mr. Olugbenga Agboola, Founder and CEO of Flutterwave, said:
“As the largest payments infrastructure company in Africa, we are committed to promoting secure and safe transactions. This initiative underscores our dedication to creating a fraud-free financial ecosystem and leading the charge in safeguarding transactions across Africa. We applaud the EFCC’s relentless efforts to combat internet fraud and other illicit activities in the financial sector.”
Also speaking, Mr. Ola Olukayode, Executive Chairman of the EFCC, expressed enthusiasm for the partnership. In his words,
“The EFCC is impressed with the strides and expanse of Flutterwave across Africa. This partnership marks a significant leap forward in our efforts to combat financial crimes and ensure a secure financial landscape for Nigerians. The Cybercrime Research Center will significantly enhance our capabilities to prevent, detect, and prosecute financial crimes.”
Key Focus Areas of the Cybercrime Research Center:
- Advanced Fraud Detection and Prevention:
- Developing and implementing cutting-edge technologies to detect and prevent financial fraud.
- Providing comprehensive training for law enforcement and industry professionals to combat modern financial crimes effectively.
- Collaborative Research and Policy Development:
- Conducting joint research initiatives and policy formulation to enhance the understanding and regulation of financial crime.
- Offering a platform for the exchange of ideas and best practices between the public and private sectors.
- Youth Empowerment and Capacity Building:
- Offering high-end training and research opportunities for 500 youths, equipping them with the skills needed to navigate and excel in the digital economy.
- Technological Advancement and Resource Enablement:
- Facilitating the development and deployment of advanced technological resources to bolster cybersecurity efforts.
Flutterwave partnership with EFCC, signifies a major step forward in the fight against cybercrime and sets a new standard for financial security in Africa.
