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Emuwa: financial literacy promotes access to banking

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emuwa:-financial-literacy-promotes-access-to-banking

By Collins Nweze

Financial literacy and enlightenment remain crucial in getting more people to embrace financial services, Chairman, Financial Literacy and Public Enlightenment Sub-Committee, Bankers Committee,  Emeka Emuwa has said.

He also advised Nigerians to be cautious as  fraudsters and scammers devise new ways to deceive the public.

He said the fraudsters usually to lure their victims to disclose confidential bank information.

Emuwa spoke when Central Bank of Nigeria (CBN) and the Bankers’ Committee of Nigeria launched a cybersecurity & fraud awareness campaign, called ‘Moni Sense’.

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Emuwa said: “We encourage Nigerians to always be cautious and ignore any text message, phone call, or email asking to update your bank information, provide sensitive bank details, disclose online banking details, debit card numbers, bank verification number (BVN) or PIN to anyone.”

He added that financial literacy and public enlightenment are critical pillars of the Bankers’ Committee mandate, making initiatives like Moni Sense this essential to the goal of increasing the number of financially included citizens in the country.

Emuwa stated that the aim of the  CBN and the Bankers’ Committee of Nigeria is to ensure Nigerians are empowered with critical information and knowledge necessary to make important financial decisions, enhance economic prosperity, stay fraud aware and cyber safe in order to drive poverty reduction across the country.

He advised Nigerians  to be more security conscious in their financial and banking activities so as not to fall victim to fraud and other forms of cybercrime.

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