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Federal Government works towards eradicating e-fraud

35 Secs Read 

The Federal Government  of Nigeria has made it known that it would create a strategy that will help  address the menace of financial fraud using telecoms/ electronic platforms that keeps punching the reputation of the country.

We also gathered that the Nigerian Communications Commission ( NCC) , is working with the country's apex bank - the Central Bank of Nigeria (CBN ) - as well as the Nigeria Police , and other relevant agencies in the country to curb this menace.

Minister of Communications , Mr Adebayo Shittu during a stakeholders' forum said the incidence of financial fraud through telecom platforms is now common in the society.

According to him, the menace has led to the loss of reputation and income ,  adding that  there has also been direct financial loss of billions of Naira in the financial services sector , e - commerce , and telecommunications .

Shittu condemned the  the high rate of identity theft , stressing that  government is working towards eradicating the menace.

Executive Vice Chairman of NCC, Prof . Umar Danbatta,  also expressed worry over the use of technology  to defraud people  noting that mobile apps are now quite easy for hackers and cyber criminals to carry out their mission.

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