FG to ban use of SMS banking



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

Share this article:
  • 3
join our mailing list

Do you want more articles like this delivered to your inbox?

Join our mailing list to receive the latest news and articles.

PS: Your email WILL NOT BE SPAMMED. See our Privavcy Policy for detail.

Thank you for subscribing. You are now part of our mailing list.

Show/Hide Comments

1 thought on “FG to ban use of SMS banking

  • Nigeria Consumers

    Nigeria Consumers


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

Leave a Comment

join our mailing list


Get all the latest and most popular news, tips, articles and information from our website delivered straight into your inbox.

Thank you for subscribing to our mailing list. You will now start recieving our periodic newsletter.

Powered byRapidology