NDIC urges publics not to install Apps requesting for full personal details

The Nigeria Deposit Insurance Corporation (NDIC) has urged Nigerians to avoid installation of applications (Apps) requesting for their full details as they risk being duped by Ponzi scheme fraudsters and hackers.

The Managing Director/Chief Executive Officer of NDIC, Bello Hassan who gave the warning in Lagos  at a conference organized by Finance and business Online publishers said uploading your personal details will  expose them to hackers.

According to him “When you download an app and are prompted to allow it to access your contacts, pictures and other personal details you should decline to be on the safer side and by so doing mitigate the risk and insecurity inherent in the system.”

Speaking on the theme: ” Mitigating Risk And Insecurity Using Insurance and Technology in a Harsh Economy” the NDIC boss said that  coming up with a timely topic would help to unmasked societal ills and checkmate them.

He charged  participants to do more by reporting and educating the society, especially the investing public on illegal schemes and their modus operandi, adding that NDIC is battle ready to confront and conquer all forms of illegalities and ensure culprits are sanctioned, adding that ‘trust is a pillar on which all forms of transactions are conducted.’

He disclosed that with the revocation of the licenses of 149 microfinance banks by the Central Bank of Nigeria (CBN), the NDIC has been able to pay depositors who are eligible and credible.