Nigeria: CBN, NCC to Tackle SIM Swap, USSD e-Payment Frauds

7 August 2017

Lagos — The Central Bank of Nigeria, CBN, in collaboration with the Nigerian Communication Commission, NCC, is set to introduce regulations to curb SIM swap and Unstructured Supplementary Service Data,USSD, related electronic payment frauds in the financial system of the nation.

Director, Banking and Payment System Department, CBN, Mr. Dipo Fatokun, disclosed this, weekend, in Lagos at a bi-monthly forum of the Finance Correspondents Association of Nigeria, FICAN.

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