From 4th Left – Obiamalu Felix, General Council, Nigerian Financial Intelligence Unit; Hafsat Abubakar Bakari, Director and Chief Executive Officer, NFIU; Chika Nwosu, Managing Director, PalmPay, and Donald Ubeh, Head, Risk and Compliance, PalmPay during a courtesy visit to the Agency last week.
PalmPay, a leading fintech company in Nigeria, has reinforced its commitment to combating financial fraud through innovative technology and strategic collaboration. This was highlighted during a recent courtesy visit by the company’s Managing Director, Chika Nwosu, and his team to the Nigerian Financial Intelligence Unit (NFIU).
Speaking on the rising threat of financial fraud, Nwosu stressed the importance of a secure financial ecosystem in driving a thriving digital economy. “At PalmPay, we are deeply committed to creating a safer digital experience for Nigerians,” he said. “Our partnership with the NFIU is a testament to our dedication to supporting the nation’s anti-fraud and anti-money laundering (AML) efforts.”
Nwosu noted the significant increase in electronic payment transactions across Nigeria’s financial landscape, emphasizing the urgency of addressing new and evolving threats. As part of its collaboration with the NFIU, PalmPay has outlined plans for joint initiatives, including knowledge-sharing, specialized training for stakeholders, and the development of cutting-edge solutions to counter digital fraud.
Hafsat Abubakar Bakari, CEO of the NFIU, lauded PalmPay’s proactive measures and commitment to aligning with regulatory frameworks both locally and internationally. She underscored the importance of continuous cooperation between private sector innovators and government agencies in the fight against financial crimes.
This partnership reflects PalmPay’s broader vision of fostering a transparent, inclusive, and secure financial environment in Nigeria. By combining technology and collaboration, PalmPay aims to build a digital economy where trust and innovation pave the way for sustainable growth.
