Flutterwave Teams Up with EFCC to Launch Cybercrime Research Hub in NigeriaFlutterwave, a leading fintech company in Africa, has joined forces with the Economic and Financial Crimes Commission (EFCC) to establish and manage an advanced Cybercrime Research Center.This partnership marks a crucial step in strengthening cybersecurity and addressing the increasing threat of cybercrime in Nigeria.Olugbenga Agboola, Flutterwave’s Founder and CEO, stated:”As Africa’s premier payments infrastructure company, we are dedicated to ensuring secure and safe transactions. This initiative highlights our commitment to creating a fraud-free financial environment and leading efforts to protect transactions across Africa. We commend the EFCC’s persistent efforts to fight internet fraud and other illegal activities in the financial sector.”Echoing this sentiment, Ola Olukayode, Executive Chairman of the EFCC, expressed excitement about the collaboration. He remarked:”The EFCC is impressed with Flutterwave’s progress and reach across Africa. This partnership is a significant leap in our mission to combat financial crimes and secure Nigeria’s financial landscape. The Cybercrime Research Center will greatly enhance our ability to prevent, detect, and prosecute financial crimes.”Key Objectives of the Cybercrime Research Center:1. Advanced Fraud Detection and Prevention: – Developing and deploying state-of-the-art technologies to identify and prevent financial fraud. – Providing extensive training for law enforcement and industry professionals to effectively combat contemporary financial crimes.2. Collaborative Research and Policy Development: – Conducting joint research projects and formulating policies to improve understanding and regulation of financial crime. – Creating a platform for the exchange of ideas and best practices between public and private sectors.3. Youth Empowerment and Capacity Building: – Offering high-level training and research opportunities for 500 youths, equipping them with skills to excel in the digital economy.4. Technological Advancement and Resource Enablement: – Supporting the development and implementation of advanced technological resources to strengthen cybersecurity efforts.This collaboration between Flutterwave and the EFCC signifies a major advancement in the fight against cybercrime, setting a new benchmark for financial security across Africa.
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