Get Guardian on GoogleThe Representative of the Director of the Payments System Policy Department at the Central Bank of Nigeria (CBN), Dr Chikelu Edison Oballum, has identified trust and resilience in securing digital finance.
Oballum spoke in Lagos, alongside other senior technology leaders from the nation’s banking and fintech ecosystem for ‘Banking on the Cloud: Regulation, Resilience and the Next Scale Curve,’ forum.
Convened by Vontech Group in collaboration with Amazon Web Services (AWS), Redington, and B4B Partners, the participants interrogated how to scale digital finance securely while maintaining trust, resilience, and regulatory integrity.
To Oballum, “ultimately, today’s conversation is about trust, resilience, and Nigeria’s readiness for the next scale curve of global digital finance. Innovation is already happening at speed; the real question is whether our systems are strong enough to withstand shocks, mitigate risk, and inspire public confidence as digital transactions grow exponentially.”
On his part, Chief Executive Officer of Vontech Group, Jeffery Idehen, said: “Nigeria’s financial sector is entering a phase where scale, resilience, and regulatory clarity must evolve together,” he said. “We appreciate AWS, Redington, and B4B Partners for their partnership in making this forum possible. Strengthening the resilience of financial infrastructure requires cooperation across the entire ecosystem—regulators, banks, technology providers, and innovators.”
The forum featured a fireside discussion with Muhammad Aminu Lawal (National Information Technology Development Agency) and Oluseyi Adenmosun (Nigeria Inter-Bank Settlement System).
Moderated by Brian Hayes (Amazon Web Services), the discussants examined how the nation’s rapidly expanding payments ecosystem can sustain high transaction volumes without introducing systemic fragility.
In conclusion, Product Manager (Amazon Web Services) Redington Middle East and Africa, Gilbert Kiprono, noted that the nation’s financial technology leadership is not waiting for the future but actively building it, under regulatory scrutiny, at scale, and with the weight of an economy’s payment infrastructure on its shoulders.
