Moniepoint Microfinance Bank has firmly denied claims that hackers stole N1.1 billion from the organization. The company described these allegations as “malicious and misleading” in a blog post and urged the public to disregard them. The rumors suggested that Moniepoint MFB was experiencing operational challenges due to the purported hack.
However, the company stressed that it maintains strict digital security protocols and prioritizes customer fund protection. As a duly authorized and licensed financial institution, customer deposits with Moniepoint MFB are insured by the Nigeria Deposit Insurance Corporation (NDIC),” the company stated. Our operations are supervised and regulated by the Central Bank of Nigeria (CBN) to ensure adherence to all applicable standards.
Moniepoint MFB reiterated its commitment to the highest digital security and customer fund protection standards.
Moniepoint denies hacker claim allegations
The bank assured that it continuously ensures transparency and the safety of its platforms and services for the millions of businesses it serves. Our attention has been drawn to recent false, malicious, and misleading reports in the media and on social platforms alleging that Moniepoint Microfinance Bank has been hacked or is facing operational concerns.
We categorically state that these claims are untrue, and we urge the public to disregard them in their entirety,” the statement read. Moniepoint Inc. boasts a valuation of over a billion dollars and is supported by an extensive network of reputable investors, including Visa, Development Partners International, Google’s Africa Investment Fund, Verod Capital, Lightrock, QED Investors, Novastar Ventures, British International Investment (BII), FMO (the Dutch entrepreneurial development bank), Global Ventures, and Endeavor Catalyst. The bank asserted its strong financial standing with the CBN and its liquidity status, dismissing any notions of operational instability.
We remain committed to delivering the highest standards of service, guided by the stringent regulations that govern the industry. Moniepoint will continue to collaborate with regulators and other stakeholders to foster an environment of trust and collaboration,” the company stated.
