Consulting firm CCSLD has introduced a Banking Security and Fraud Prevention Training Programme in Lagos, extending its compliance and culture reorientation expertise from the oil and gas sector into Nigeria’s financial services industry.
The programme aims to help banks and mortgage institutions address rising threats of fraud, cybercrime, and insider malpractice that continue to challenge the sector.
CCSLD, which has a track record of reducing compliance breaches and strengthening accountability in the energy sector, said its intervention is now timely for the banking industry. The training will target professionals in commercial banks, mortgage finance institutions, and the Federal Mortgage Bank of Nigeria, among others.
According to the firm, participants will be equipped to tackle sector-specific risks such as forged land titles, fraudulent cooperative loans, and insider fraud schemes.
The programme includes modules on fraud detection frameworks, Know Your Customer (KYC) and Customer Due Diligence (CDD), cybersecurity strategies, incident response mechanisms, and compliance with Central Bank of Nigeria (CBN) regulations. It will also feature tailored case studies and simulations designed to reflect real-life challenges faced in the Nigerian financial system.
Speaking on the initiative, UK-based partner at CCSLD Consulting, Osoba Otaigbe, stressed that technology alone cannot solve banking fraud problems without cultural change within organisations.
“Security is not just about systems but also about culture. Extending this approach to banking will help institutions build resilience, protect customers, and restore trust,” Otaigbe said.
His Nigeria-based counterpart, Victor Okosun, noted that the firm’s past interventions in the energy sector had proven successful in reducing compliance breaches and fostering discipline. He said the same approach could deliver results in banking.
“Our interventions in oil and gas reduced compliance breaches and improved discipline,” Okosun explained. “This tested approach will help banks embed fraud prevention into their DNA.”
The launch comes at a time when Nigeria’s banking sector faces heightened threats from cyberattacks, identity theft, and fraud linked to weak internal controls. Reports from financial regulators in recent years have shown an increase in insider-driven fraud, often involving collusion between staff and external actors.
Experts say the impact of such fraud is not only financial but also reputational, as banks struggle to reassure customers about the safety of their deposits. The Central Bank of Nigeria has repeatedly issued circulars urging institutions to improve their fraud monitoring systems, strengthen compliance, and adopt global best practices in cybersecurity.
By extending its training into financial services, CCSLD hopes to fill a gap between policy and implementation. The firm believes that developing strong institutional culture and accountability is just as critical as deploying advanced monitoring tools.
The training programme also ties into broader efforts to stabilise Nigeria’s financial sector, which is undergoing rapid digital transformation. With more customers relying on online banking, mobile money, and digital mortgage applications, analysts warn that fraudsters are adapting their tactics and exploiting regulatory loopholes.
Industry observers say initiatives like CCSLD’s could provide much-needed support for commercial banks seeking to reduce losses and improve compliance with global anti-fraud standards. By embedding fraud prevention strategies into daily banking operations, the training is expected to strengthen both customer trust and industry resilience.
With fraud in banking estimated to cost billions annually, stakeholders say such training could be pivotal in safeguarding the future of Nigeria’s financial system.
