Fraud: Avoid Installation Of Applications Requesting Full Details -NDIC


Bello Hassan


The Nigeria Deposit Insurance Corporation (NDIC) has told Nigerians to avoid installing mobile applications (Apps) requesting for their full details as they risk being duped by Ponzi scheme fraudsters and hackers.

NDIC’s Managing Director/Chief Executive (MD/CE), Bello Hassan gave the warning over the weekend when he addressed participants at the Finance and Business Online Publishers Association (FiBOP) 2023 Annual Conference in Lagos.

The NDIC boss was represented by Hawuwa Gambo, and accompanied by two male officials from the Corporation.

Hassan said: “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”.

He spoke 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 unmask 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 mode of operation.

Hassan assured that NDIC was battle ready to confront and conquer all forms of illegalities and ensure culprits get sanctioned, as “trust is a pillar on which all forms of transactions are conducted.”

He said that with the revocation of the licenses of 149 microfinance banks by the Central Bank of Nigeria (CBN), the NDIC had been able to pay depositors who were eligible and credible.

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