Hackers who got into my account used Opay & Moniepoint - Adams Oshiomhole [VIDEO]

By Michael Ehindero







Adams Oshiomhole, senator representing Edo North, has urged the National Assembly to strengthen regulatory oversight of financial institutions operating outside the conventional banking system.

Speaking during Thursday’s plenary, Oshiomhole contributed to the debate on a bill seeking to amend the Banks and Other Financial Institutions Act. The proposed amendment aims to introduce the designation, registration, and enhanced supervision of systemically important financial institutions.

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The senator said his own experience with cyber fraud highlights how emerging digital platforms are increasingly being exploited for illicit financial activities. He said:

“When they hacked into my account, I found that all the institutions used were OPAY and Moneypoint; none of the registered banks were used,” he said.

“And when I asked, I’m told that’s it. They don’t have a branch in Abuja. They don’t employ labour. They bear no social responsibility.”







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