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A member of the Nigerian Computer Society has described recent reports of a data breach involving Remita and other banks as “overblown,” urging the public to approach the situation with perspective.
The professional, who spoke on condition of anonymity due to regulatory considerations, cautioned against drawing conclusions from unverified claims.
According to the cybersecurity expert, cyber incidents are a regular occurrence globally and not unique to any one platform or country.
“Organisations across the world face similar threats daily, including major international banks and technology firms. No organisation in the world is immune to attack, not even Pentagon, FBI and CIA. What matters is the speed of response and system resilience,” he said.
The comments come as Remita reassured partners that its systems remain fully operational, with no impact on payment processing or financial data.
In communications shared with banks, the company stated that the incident is limited to unauthorised access to certain non-financial data and that all payment infrastructure, including bank integrations and APIs, remains secure. The platform remains fully operational, with transactions continuing as normal.
The expert added that companies often encounter such challenges, resolve them quickly, and move forward without disruption. “Even money deposit banks sometimes experience losses from malicious actors, yet they typically recover quickly.
“This highlights the resilience of the financial system and suggests that recovery should be even more straightforward for a platform like Remita, which primarily provides switching infrastructure,” he said.
“These incidents are often driven by criminal actors seeking to create the impression of systemic weakness. From what has been communicated, there is no evidence of financial compromise, and operations are continuing as normal. These situations should be addressed factually and not exaggerated.”
Many other financial institutions in Nigeria, including banks, have faced similar attacks in recent times, strengthened their defences, and continued operations without disruption.
Expert cautions against overblowing Remita, banks’ incidents as operations stabilise
