Central Bank of Nigeria (CBN) through the Nigerian Electronic Fraud Forum (NeFF) is partnering the telecommunication companies to ensure that cloned SIM do not have access to customers’ accounts.
Dipo Fatokun, director, Banking and Payment System, CBN who also doubles as the chairman of the forum disclosed this while speaking at the second general meeting of the forum in Lagos at the weekend.
Fatokun said: “Another measure we are taking is that we are working with the NCC (Nigeria communications Commission) and the telcos, so that when fraudsters steal other people’s identity by taking their SIM either swapping or cloning the SIM they would not have access to the bank accounts of such customers.”
He said the NeFF has consistently provided a unique platform that enables the proactive sharing of resources to combat a common enemy, e-fraud which in turn has helped in the decline of e-fraud loss value in the Nigerian Banking System.