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RCBank Collaborates with UK’s Applied Intelligence to Host National Cybersecurity and Financial Inclusion Symposium


EST Applied Intelligence, a Cybersecurity firm based in the UK, is collaborating with one of Sierra Leone’s leading banks, Rokel Commercial Bank, to organize a one-day symposium on Cybersecurity and Financial Inclusion at the Freetown City Council Auditorium on the 22nd of February, 2024.

EST Applied Intelligence is a specialist enterprise security consultancy firm that comprises a team of forward-thinking experts with deep domain knowledge in Cybersecurity. They are working in partnership with clients in both public and private sector organizations to help navigate their security challenges across complex business and technology landscapes.

The strategic pillar of EST Applied Intelligence is geared towards structuring and evaluating the organization’s strategy to ensure it is forward-thinking and will meet the dynamic and challenging business demands. Aligning enterprise security to business priorities, the firm aims to develop and set up a robust and bespoke enterprise security capability through innovative skills matrix alignment and optimization.



The symposium, the first ever to be spearheaded by a local financial institution in the country, will bring together political leaders, industry leaders, experts, and innovators both locally and internationally to principally discuss the country’s capacity and preparedness to confront and neutralize potential cyber attacks on our financial system.

As the bank repositions itself for international competitiveness, it recently announced five top priorities it will be rolling out to actualize its vision for 2024.

This development came after the bank’s CEO, Dr. Walton Ekundayo Gilpin, was recognized as African Banker of the Year 2023 by the UK-based Reputation Poll International.

Sources say there is palpable excitement within the financial sector as the Symposium is expected to engineer a blueprint for a robust Cybersecurity environment for Sierra Leone’s financial system.

The Symposium will also discuss ways Cybersecurity enhances financial inclusion and will outline the manifesto of the African Banker of the Year.

Dr. Gilpin indicated that these are exciting times for the financial sector and human capacity development in Sierra Leone.

RCBank – The Bank of Choice & Integrity!!



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Financial Intelligence Unit Launches Investigation Into Super Advertis For Alleged Investment Scam


The Financial Intelligence Unit (FIU), an institution dedicated to combating financial crime, has initiated an investigation, in collaboration with key stakeholders, into the suspected unlawful activities of Super Advertis.

This entity has been using various mobile money platforms in Sierra Leone to accumulate deposits from the public, falsely presenting itself as an investment opportunity.

Super Advertis stands accused of engaging in unlicensed and unregulated financial services, particularly utilizing mobile money agents to amass supposed investment funds.



This alleged scam, resembling a “PONZI SCHEME,” operates by reimbursing existing investors from contributions made by new investors, rather than generating legitimate profits from a lawful business. Investors are misled into believing that profits stem from genuine business operations, while they actually originate from new investors’ deposits.

Major mobile money service providers, including Orangemoney and Afrimoney, have implemented measures to limit access to the third-party accounts utilized by the suspected fraudsters. They are actively collaborating with relevant authorities in the ongoing investigations.

The FIU issues a cautionary advisory to the public, urging vigilance when encountering individuals or entities offering investment opportunities. It emphasizes the importance of conducting thorough due diligence, ensuring complete satisfaction regarding the legitimacy of any business before engaging in financial investments.

Safeguarding the public’s interests and preserving the integrity of financial systems remain paramount for the FIU. The unit assures the public of further updates as the investigation progresses.

Individuals are encouraged to promptly report any suspected dubious financial activities to the FIU or relevant authorities, contributing to efforts in combating fraudulent financial schemes.



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