IIRIS, a risk management and security solutions company, has announced the opening of a Nigeria office, marking an important expansion of its operations in Africa.

IIRIS, an Indian firm, operates in over seven countries, serving both government and private companies. 

The company also collaborates with Original Equipment Manufacturers to create bespoke solutions in the fields of technology risk management, security technology, forensics, and preventive intelligence.

With four successful projects finished in Nigeria and several more in the works, IIRIS says it is ready to bring transformative improvements to the Nigerian risk management industry, underlining its commitment to improving security through technology.

The event's main guest was Senator Ibrahim Hadejia, deputy chief of Staff at Nigeria's vice president's office, and the guest of honour was Chandra Mouli, India's consul general in Lagos.

Senator Hadejia expressed hope in his welcome address regarding IIRIS's current, security technology for the Nigerian market.

Mouli underlined India's $27 billion investment in Nigeria, which demonstrates the two countries' long-standing bilateral connection.

Satyagopal Bhanja, CEO of IIRIS Nigeria, stressed the company's commitment to 'delivering high-quality' risk management services and AI-ML-driven solutions.

The company has since introduced AI solutions to help organisations manage risks.

According to a PwC survey, 78% of Nigerian executives consider AI as critical for company risk management in the next five years.

The company plans to use technology to manage credit, operational, and market risks, with an emphasis on the financial sector. 

The purpose is to assure long-term corporate operations by discovering, evaluating, and reducing potential dangers, says the company.

Bhanja comments: “We are a global solutions provider committed to strengthening nations through risk mitigation and critical intelligence gathering. Our scientific approach includes need assessments and due diligence, offering holistic solutions with cost-saving benefits”