The sending of vital bank details via SMS may soon become a thing of the past in Nigeria because using such means is quite risky, according to the Nigerian Communications Commission (NCC).
The NCC also said they were already engaging with the Central Bank of Nigeria (CBN) to find better ways
Prof. Umar Garba Danbatta, executive vice chairman, NCC made this known at the consumer conversation held in Minna, Niger state.
He said the commission was already engaging with the Central Bank of Nigeria (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.
The practice of sending vital information through customers’ mobile phones by commercial banks might soon be abolished by the Nigerian Communications Commission (NCC).
Helen Obi, a director and the head of zonal operations department, who represented Prof Danbatta said NCC would shield phone users in the country against any harm that could get to them or to their property through the use of telecom services.
Obi advised phone users to adequately protect their PINs and not carelessly save them in their phones.
Also the NCC told all telecom operators in the country to give a 14-day grace for subscribers to exhaust their remaining data after the 30 days expiration period before they are cut off.