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FG Set To Ban Use Of SMS In Banking Transactions
details via short message services (SMS) in Nigeria due to of its connected
risks.
already engaging with the Central Bank of Nigeria (CBN) to find better ways of
doing it.
made this known at the consumer conversation held in Minna, Niger State
capital, adding that the commission was already engaging with the CBN to find
ways to ensure that mobile phone users’ vital information relating to their
bank accounts and financial transactions were not jeopardised should their
phones get lost or stolen.
in the country against any harm that could get to them or to their property
through the use of telecom services.
not carelessly save them in their phones.
who cart away depositors’ money through different guise. The telecommunications’
regulator also alleged that there were more cases of bank frauds more than what
banks are willing to disclose.