Banking
Stanbic IBTC Urges Nigerians to be Wary of COVID-19 Related Scams
With the growing adoption of digital channels, and with more people practicing social distancing, due to the Covid-19 virus outbreak, Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holding PLC, has urged Nigerians to remain vigilant for online scams related to Covid-19.
This rapid migration necessitates an understanding and constant review of safe banking habits in the digital age. When banking on digital channels customers should adhere strictly to digital hygiene factors.
Customers are increasingly switching to digital channels to shop, communicate and bank, and cybercriminals may take advantage of the current situation to send emails with malicious attachments, or links, to fraudulent websites, to trick victims into revealing sensitive information or donating to fraudulent charities, or causes.
As the banks adapt and improve their anti-fraud technology, fraudsters may employ alternative techniques to deceive people. If they find it harder to hack into banking systems, then their attention may move to an easier target: the customer.
Stanbic IBTC has, on its Social Media platforms, shared tips on how customers can protect themselves online during the Covid-19 pandemic. It is advised that customers exercise caution in handling any email with a Covid-19-related subject line, attachment, or hyperlink, and be wary of social media pleas, texts, or calls related to Covid-19.
Below are some important precautions to protect yourself online:
Avoid clicking on suspicious links in unsolicited emails and be wary of email attachments.
Use trusted sources—such as legitimate, government websites—for up-to-date, fact-based information about COVID-19.
Do not reveal personal or financial information in an email, and do not respond to email solicitations for this information.
Do not log onto your digital banking on public WiFi.
Do not share any links online which do not come from official or reputable sources.
Be wary of spoofed websites that claim to be the legitimate website of an organisation and are set up to mimic the original website.
We recommend that you download and use the Stanbic IBTC mobile banking app rather than using your phone browser to access Internet Banking.
Do not share personal information such as your ID number, bank account details or PIN online. Similarly, do not share it with someone on the telephone.
Do not allow anyone to access your computer remotely. Someone from your bank will never ask you for Remote Access Control to update your information.
Make 100 percent sure that the email you are reading comes from a real company, person or organisation. If you think someone or something is suspicious, trust your intuition and rather practice caution.
Remove emotions when working online. Be measured and responsible when it comes to managing your online profile. Contact your bank immediately if you think you have been compromised.
There is a growing number of scams online. If you receive a suspicious email containing links, immediately forward them to [email protected] for a shutdown.
Banking
Applications Open for GTCO ‘Take on Squad’ Hackathon 3.0
By Dipo Olowookere
Tech enthusiasts interested in participating in the Take on Squad Hackathon, organised by Guaranty Trust Holding Company (GTCO) Plc, can now enter the contest via the official portal at https://squadco.com/hackathon.
The programme enters its third edition in 2026, and the theme for this year is Smart Systems: The Intelligent Economy, according to a statement issued by the organisers.
The hackathon brings together developers, designers and entrepreneurs across Nigeria in a collaborative environment to build practical solutions across key sectors, including financial services, healthcare, commerce and digital inclusion.
Participants are challenged to design and build intelligent, data-driven solutions that transform how communities engage with money.
It is part of the organisation’s commitment to fostering innovation, empowering talent, and supporting the development of technology-driven solutions that address real-world challenges across Africa.
“Today’s dynamic, digitally driven world demands continuous innovation, which is shaping how economies grow, how businesses scale, and how societies evolve.
“Through Take on Squad Hackathon, we are deliberately investing in the ideas and talent that will define the future.
“Our objective is not simply to encourage innovation, but to enable its translation into scalable solutions that deliver real and measurable impact.
“This reflects GTCO’s role as a financial services platform that connects capital, capability, and creativity to drive sustainable progress,” the Managing Director of HabariPay, Ms Eduofon Japhet, stated.
The social coding event remains a cornerstone of HabariPay’s mission to foster creativity and problem-solving among emerging tech talents. Competing teams will leverage Squad’s advanced APIs to create scalable digital tools that address everyday challenges faced by businesses and individuals.
Through initiatives such as this, GTCO continues to position itself at the intersection of finance, technology and enterprise, actively shaping the future of digital transformation in Africa.
Banking
Easter: Ecobank Assures Customers Uninterrupted Banking Services
By Dipo Olowookere
Banking services will not be interrupted throughout the Easter public holidays, from Friday, April 3, to Monday, April 6, 2026, for any reason, Ecobank Nigeria has assured its customers.
In a message over the weekend, the member of Africa’s leading pan-African banking group, Ecobank Transnational Incorporated, said customers would continue to enjoy quality service delivery during the period.
It noted that its secure and robust digital platforms would remain fully operational to support financial activities during the festive period.
All digital channels, including the Ecobank Mobile App, Ecobank Business App, USSD *326#, Ecobank Online, OmniPlus, Omnilite, EcobankPay, Ecobank Cards, ATMs, PoS terminals, and over 35,000 Ecobank Xpress Point agent locations nationwide, will remain accessible throughout the holiday, the financial institution further said, urging customers to conveniently conduct transactions at any time using this wide range of digital solutions.
Ecobank customers were encouraged to maximise the bank’s alternative channels for transfers, bill payments, airtime purchases, card services, and account management.
They were also advised to stay vigilant by shopping only on trusted websites; avoiding the sharing of PINs, passwords, and one-time passwords (OTPs); refraining from banking on public Wi-Fi networks; being cautious of urgent or emotionally charged messages; and regularly monitoring their account activity.
“Customers will continue to enjoy a full bouquet of services during the holiday, including local and international funds transfers, bill payments, airtime top-ups, merchant payments, balance enquiries, account statements, and cardless cash withdrawals via ATMs,” the Head of Products & Analytics, Consumer & Commercial Banking at Ecobank Nigeria, Mr Victor Yalokwu, stated.
“We understand that festive seasons come with increased financial activity, and our priority is to ensure our customers enjoy fast, reliable, and secure banking wherever they are.
“Our digital channels are designed to support uninterrupted transactions, and we have strengthened our systems to guarantee optimal performance throughout the Easter break,” he added.
Mr Yalokwu noted that, “Ecobank remains committed to providing innovative financial solutions and exceptional customer service. We wish all our customers and partners a peaceful and joyful Easter celebration.”
Banking
Polaris Bank to Limit Access to VULTe for Four Days
By Dipo Olowookere
Customers may have difficulty accessing the digital platform of Polaris Bank, known as VULTe, during the Easter holidays from Friday, April 3, to Monday, April 6, 2026.
This is because the financial institution is carrying out system maintenance on the platform in its effort to ensure users enjoy a better banking experience.
In a notice over the weekend, the lender said “access to VULTe may be limited,” but it provided an alternative, which is the PolarisXperience.
Polaris Bank, which expressed regret over “any inconvenience” this action may cause its customers, said the “scheduled system maintenance” would happen from 10 pm to 8 am daily, promising that normal service would return after the maintenance.
“In continuation of our commitment to delivering a seamless and improved banking experience, we will be conducting a scheduled system maintenance during the Easter holidays.
“During this period, access to VULTe may be limited. We have provided an alternative channel, PolarisXperience:
“Please go to our website to onboard or use it as an existing user. You can also use this link: (https://elogin.polarisbanklimited.com).
“We regret any inconvenience and appreciate your understanding. Normal service will resume after the maintenance,” parts of the notice seen by Business Post read.
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