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Invisible Victims and Fraud in Nigeria - EFInA Podcast Episode 4

According to EFInA’s 2023 Access to Financial Services in Nigeria Survey (A2F) Report, negative perceptions, informed by bad experiences and fraud, have been a major deterrent to formal financial inclusion leading to a lack of trust in financial institutions and restraint in engaging with formal banking systems. Topic: Invisible Victims and Fraud in Nigeria: Tackling Digital Fraud and Protecting the Most Vulnerable in Nigeria's Digital Economy (Episode 4) This episode highlights gaps in Nigeria's consumer protection framework and the need for stronger measures to safeguard excluded populations and amplify real-life stories of individuals affected by fraud, making the issue relatable and urgent to address from both a supply-side and regulatory/policy perspective. It also inspires dialogue on how regulators and financial institutions can design inclusive, secure digital financial services, address prevailing fraud to protect the consumer from exploitation and loss of value and emphasize the role of trust in achieving Nigeria’s financial inclusion goals. Host: Immanuel Umukoro (EFInA DFS and Policy Advocacy Manager) Guest: Prof. Chiso Ndukwe-Okafor (Executive Director, Consumer Advocacy and Empowerment Foundation) About EFInA: EFInA (Enhancing Financial Innovation & Access) is a Financial Sector Deepening (FSD) organisation that promotes inclusive finance in Nigeria. EFInA seeks to facilitate a market that works for all Nigerians towards their sustainable financial and economic inclusion and empowerment. #cadef #consumerprotection #cybersecurity #digitaleconomy #economicgrowth #fraud #financialinclusion #Nigeria #EFInA #podcast #podcasts #podcasting #podcastlife