FG to ban use of SMS banking

NIGERIA CONSUMER NEWS

ncc

The sending of vital bank details via short message services (SMS) may soon be banned in Nigeria because of its associated risks.

To this extent, the Nigerian Communications Commission (NCC) has said it was already engaging with the Central Bank of Nigeria (CBN) to find better ways of doing it.

Executive Vice Chairman, NCC, Prof. Umar Garba Danbatta, 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.

Read more at: DAILY TIMES

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1 thought on “FG to ban use of SMS banking

  • Nigeria Consumers

    Reply

    The question should not be banning, it should be providing better security

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