Nigerian Communications Commission set to address financial frauds via the telecom platforms


The Nigerian Communications Commission (NCC), on Wednesday inaugurated a 26 member Committee to develop a Memorandum of Understanding (MOU) among stakeholders to address financial frauds via the telecom platforms.

Its Executive Vice Chairman Prof. Umar Garba Danbatta said the step taken by NCC in collaboration with major stakeholders is aimed at protecting over 150 million Nigerians who are now in the nation’s financial system.

Members of the Committee were drawn from the Central Bank of Nigeria, CBN, the NCC, the Federal Competition and Consumers Protection Commission, the National Inter-Bank Settlement System and the National Identity Management Commission (NIMC).

Others are the Telecom Service Providers, the Banks, the Security Agencies-ONSA, EFCC, ICPC, the Police, and NIFU- and the Federal Ministry of Justice.

He was speaking at the inauguration of the Committee at the NCC Headquarters Annex, Mbora, Abuja.