Business, Economy

NCC, CBN resolve to sanitise electronic banking

The Nigerian Communications Commission (NCC) and Central Bank of Nigeria (CBN) have stated their resolve to tackle issues of fraud on bank customers who use the electric banking system.

Meanwhile the two institutions have also expressed worries over the activities of individuals that use the platform to defraud bank customers, vowing that they would tackle the menace through effective synergies and monitoring.

The institutions said this, on Tuesday, at a workshop on, ‘Electronic Banking Fraud in Nigeria – Challenges and way forward’, organised by the institutions, held in Port Harcourt, Rivers State.

Stakeholders at the workshop believed that effective collaboration by government agencies and private organisations was a tool to tackling the scourge, which has bedevilled financial institutions.

Speaking, the Executive Commissioner, Technical Services, NCC, Ubale Maska, expressed concerns over the activities of fraudsters, who take on bank customers using smart phones for transactions.

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