The Economic and Financial Crimes Commission, EFCC, has been called upon to assist in checking fraudulent practices by some stakeholders in the mobile banking sector in Nigeria.
The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) made the call when they paid a courtesy visit to the Kaduna State Command of the Commission as part of activities to herald the Association’s Annual Conference 2021.
Commending the Association, the Deputy Commander of the EFCC Kaduna Command, Suleiman Na’aba said that ”mobile money operators and other stakeholders needed to come together to scrutinise some of the existing laws guiding their operations because most of the members often claim ignorance, thereby falling victims to fraudsters.”
Speaking on behalf of the Association, Ahmed Bello said ”partnering with the EFCC at this point is key as the sector is seriously facing rampant issues of sharp practices.”
He stressed the need to overhaul the laws as provided by the regulating bodies in tandem with modern and acceptable standards.
The Association urged the Commission to organise a sensitisation programme for them.