Lagos State deputy governor, Dr Kadri Obafemi Hamzat, has urged company organisations, significantly monetary establishments, to prioritise investments in cybersecurity and rising applied sciences to safeguard clients’ funds, defend institutional property and strengthen public confidence in Nigeria’s quickly evolving digital economic system.
Hamzat mentioned the rising integration of know-how into monetary transactions and enterprise operations had made cybersecurity a strategic crucial quite than a discretionary expenditure.
He warned that the sustainability of recent monetary establishments would rely considerably on their capability to guard delicate info, safe digital infrastructure and anticipate rising technological threats.
The deputy governor made the decision yesterday, whereas commissioning the brand new company headquarters of Canary Point Holding Limited in Lagos, an indigenous monetary providers conglomerate with investments spanning banking, digital funds, asset administration, specialised financing, funding banking and monetary know-how.
He recommended the exceptional development and diversification of Canary Point Holding Limited, describing the corporate’s increasing funding portfolio as an indication of indigenous entrepreneurial ingenuity, institutional resilience and the transformative potential of private-sector participation in nationwide financial growth.
According to him, the rising sophistication of economic providers and the rising dependence on digital platforms require firms to determine sturdy technological safeguards able to defending clients in opposition to cyber threats, monetary fraud, information breaches and different vulnerabilities related to digital transactions.
Hamzat maintained that companies in search of to stay aggressive in an more and more interconnected international economic system should recognise that technological innovation and cybersecurity are mutually reinforcing elements of institutional development.
He consequently challenged Canary Point Holding Limited to consolidate its investments in know-how, strengthen its cybersecurity structure and constantly develop revolutionary monetary options that might improve buyer expertise whereas guaranteeing the integrity and safety of its operations.
The Deputy Governor additionally acknowledged the corporate’s contributions to the Lagos State and nationwide economies by its diversified investments, employment era, monetary intermediation and help for entrepreneurial growth.
He famous that the enlargement of indigenous monetary establishments remained elementary to financial diversification, improved entry to credit score and the mobilisation of capital for productive actions.
Beyond cybersecurity, Hamzat disclosed the Lagos State Government’s readiness to discover strategic collaboration with Canary Point Holding Limited in mortgage financing and actual property growth as a part of efforts to deal with the state’s housing challenges
He defined that partnerships between authorities and credible non-public monetary establishments may facilitate the event of revolutionary mortgage devices and reasonably priced housing financing preparations, significantly for low- and middle-income residents who face appreciable difficulties accessing standard housing finance.
In his tackle, on the commissioning ceremony, the Group Managing Director of Canary Point Holding Limited, Mr. Idris Ibrahim, mentioned the inauguration of the headquarters represented a major milestone within the firm’s transition from a transaction-focused enterprise into an built-in monetary providers group.
According to him, the corporate’s evolution was anchored on a deliberate technique of figuring out clients’ monetary wants and progressively growing complementary establishments able to offering options throughout completely different segments of the economic system.
“Behind every transaction is a person or a business trying to achieve something,” he mentioned, recalling the entrepreneurial philosophy that knowledgeable the institution and subsequent enlargement of the Group.
According to him, his early expertise at Sebastian Bureau de Change offered priceless insights into the broader financial motivations underlying monetary transactions, together with worldwide commerce funds, academic bills, household remittances and enterprise financing.
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