Officials of the Banks and the Nigerian Deposit Insurance Corporation have vowed to do everything possible to cleanse the system of fraudsters and they have reached the decision that any bank account that has been traced to a mobile line that is used for crime will be barred and the users will be banned for life from using any bank account or mobile phone line again in the country.
Speaking on Friday in Kano during a workshop organised by the NDIC for financial journalists.
The Chief Compliance Officer, Access Bank Plc, Mr. Pattison Boleigha, Speaking on the topic, ‘Cybercrime: Nature and Trends’’, stated that the banking industry recorded 6, 212 fraud cases in the second quarter of 2017.
He said:
He mentioned social engineering (phishing, smishing, vishing, DDOS, spam), SIM swap, card/ATM fraud, online/wed fraud, and mobile payment/ USSD fraud as some of the cybercrime activities being engaged in by fraudsters.
The trends are now so common that almost every young male Nigerian is involved in it and as many females too are jumping on the train and it is sadly seen as a means of quick cash.
Obinna is a fiction writer from Lagos, Nigeria, and grew up loving comic book characters and superheroes. He watches lots of action films and writes entertainment and technology articles. He is also interested in science and how things work.
14 thoughts on “Banks Set To Bar Accounts That Have Benn Linked To Fraud By Telecoms.”
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14 thoughts on “Banks Set To Bar Accounts That Have Benn Linked To Fraud By Telecoms.”