To combat cybercrime and enhance the security of business transactions, payments technology company, Flutterwave announced on Thursday that it plans to establish a state-of-the-art Cybercrime Research Centre in partnership with the Economic and Financial Crimes Commission (EFCC).
The Research Centre will be located at the new EFCC Academy in Abuja and will serve as a hub for advanced research, training, and capacity building in the fight against financial crimes.
Commending EFCC’s effort in combating cybercrime and financial fraud, Flutterwave’s Chief Executive Office, Olugbenga Agboola said, “This initiative underscores our commitment to creating a fraud-free financial ecosystem and leading the charge in safeguarding transactions across Africa”. Adding that the initiative will also provide a “sustainable lifeline to youths across the country”.
Also, at the landmark occasion were EFCC boss, Ola Olukoyede, Director of Federal Bureau of Investigations (FBI) Christopher Gray, and other senior officials from both the EFCC and the FBI.
On his part, Olukoyede said, “This partnership marks a significant leap forward in our efforts to combat financial crimes and ensure a secure financial landscape for Nigerians. The Cybercrime Research Centre will significantly enhance our capabilities to prevent, detect, and prosecute financial crimes.”
The centre’s focus areas will include; include advanced fraud detection and prevention, collaborative research and policy development, youth empowerment and capacity building, technological advancement, and resource enablement, among other key initiatives.