POLICE SPECIAL FRAUD UNIT
IKOYI-LAGOS

19TH SEPTEMBER, 2025

PRESS RELEASE

PSFU LAGOS ENGAGES FINANCIAL INSTITUTIONS, CALLS FOR STRONGER SYNERGY IN COMBATING FRAUD

The Commissioner of Police, Police Special Fraud Unit (PSFU), Lagos, CP Rose Chollom Dung, on Thursday, 18th September 2025, held a strategic meeting with representatives of key regulatory bodies including the Central Bank of Nigeria (CBN), Nigeria Deposit Insurance Corporation (NDIC), Nigeria Inter-Bank Settlement System Plc (NIBSS), as well as Compliance and Legal Officers of Financial Institutions and FinTech companies. During the engagement, the CP reaffirmed the Unit’s dedication to strengthening partnerships, fostering synergy, and working collaboratively with stakeholders to address the rising challenges of fraud and financial crimes.

The Commissioner of Police highlighted the contemporary difficulties affecting investigations, which include but are not limited to delays in response to official requests, bureaucratic bottlenecks during urgent situations, and the unprofessional act of tipping off suspects. She further noted challenges such as inadequate real time information sharing and occasional gaps in inter agency collaboration, all of which affects the efficiency and effectiveness of fraud investigations. The CP stressed that overcoming these obstacles requires stronger collaboration, improved compliance culture, and a collective commitment by financial institutions to support PSFU Lagos in safeguarding the integrity of the financial system.

The meeting concluded with a renewed commitment by all stakeholders to deepen collaboration, improve compliance practices, and build stronger mechanisms for timely response and information sharing, all geared towards strengthening the collective fight against fraud and safeguarding the financial system.

E-SIGNED
DSP. OVIE K. EWHUBARE, anipr, ACArb.
Police Public Relations Officer
For: Commissioner of Police,
Police Special Fraud Unit,
Ikoyi-Lagos.
report@specialfraudunit.org.ng