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Nigeria Moves to Curb Fraud as NCC, CBN Seal Consumer Protection Pact

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Dr Aminu Maida, Executive Vice Chairman/CEO, Nigerian Communications Commission, NCC; and Mr. Olayemi Cardoso, Governor, Central Bank of Nigeria, during the signing Memorandum of Understanding between NCC and CBN, 20th of April 2026, at the CBN"s Headquarters Abuja.
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Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have signed a Memorandum of Understanding (MoU) that both organisations said would safeguard consumers against fraud while opening opportunities for them to leverage the potentials of the telecommunications and financial sectors.

Nigeria Moves to Curb Fraud as NCC, CBN Seal Consumer Protection Pact

Dr Aminu Maida, Executive Vice Chairman/CEO, Nigerian Communications Commission, NCC; and Mr. Olayemi Cardoso, Governor, Central Bank of Nigeria, during the signing Memorandum of Understanding between NCC and CBN, 20th of April 2026, at the CBN”s Headquarters Abuja.

The MoU was signed as NCC and CBN inaugurated a Joint Committee on Payment Systems and Consumer Protection and a Joint Committee on Telecoms Identity Risk Management System (TIRMS) Portal.

The Executive Vice Chairman and Chief Executive Officer of NCC, Dr Aminu Maida said the MoU provides a structured framework for cooperation in critical areas including payment system integrity, fraud mitigation, digital inclusion, and the protection of consumers, micro, small and medium-sized enterprises, which he noted will translate into practical outcomes that strengthen trust, deepen inclusion, and support a secure and resilient digital economy.

Dr Maida described the signing of the MoU as an important milestone in “the regulatory stewardship” of Nigeria’s digital economy, which reflects a shared commitment to collaboration in strengthening financial system stability, advancing digital inclusion, and protecting consumers in an increasingly interconnected ecosystem.

He said “The Commission places significant importance on collaboration. Indeed, many of the critical milestones we have achieved in addressing some of our industry’s challenges—and even in leapfrogging our sector—have been made possible through strategic partnerships and sustained collaboration. Our collaboration with the Central Bank is not new.

“Over the years, our two institutions have demonstrated the value of close regulatory coordination. A notable and recent example is our collective effort in resolving the long-standing USSD debt impasse—an intervention that restored confidence, preserved service continuity, and safeguarded the interests of consumers, telecom operators, and financial institutions alike. That experience reaffirmed a simple truth: that complex, cross-sector challenges are best addressed through structured collaboration.

“This MoU provides a clear framework for cooperation in critical areas such as payment system integrity, consumer protection, fraud mitigation, and the responsible use of digital infrastructure.

“In particular, it supports initiatives that promote secure digital payments, enhance trust in mobile-enabled financial services, and extend safe access to underserved populations and MSMEs.
‘For the NCC, this MoU speaks directly to one of the critical pillars of our strategic focus: leveraging cross-sectoral innovation to deliver a safe, resilient, inclusive and trusted digital ecosystem.

“As mobile numbers increasingly underpin identity, authentication, and financial access, collaboration with the CBN is essential to ensuring that innovation is matched with strong governance, system stability, and consumer safeguards,” Dr. Maida declared.

The EVC explained that the collaboration is designed “For the prevention of electronic fraud, which has become increasingly pervasive, with significant implications for the integrity of our digital economy. Through the Telecom Identity Risk Management System (TIRMS) Portal—which aggregates data on churned (recycled) phone numbers, as well as numbers flagged within your sector—the Financial Services Industry will now have enhanced visibility into the status of phone numbers, one of the most widely utilized resources in your sector, although regulated by the NCC.

“This means that the Financial Institutions will be able to determine when a line is active, when it has been swapped, when it has been disconnected due to inactivity and reassigned to a new subscriber, and when it has been flagged for suspicious or fraudulent activity.

“This ensures that our financial services industry is better equipped with timely and relevant information to effectively combat e-fraud, particularly those perpetuated using phone numbers, in the country.

“The second area I want to highlight is an overarching one that both our institutions have consistently championed: it is the protection of Nigerian consumers. With this handshake, consumers who experience issues such as airtime recharges that do not deliver value can be assured of prompt resolution within the shortest possible time.

“The establishment of a platform for sustained engagement, coordinated policy responses, and joint action as new risks and opportunities emerge across the digital and financial landscape by this MoU, positions our two institutions to remain proactive, aligned, and effective in fulfilling our respective mandates,” the EVC stated.

CBN Governor, Mr Olayemi Cardoso described the MoU as one that will strengthen coordination on approvals, technical standards, and innovation trials, including sandbox testing that supports market-led solutions while safeguarding stability.

He said, “Going forward, the Central Bank of Nigeria remains fully committed to working with the Nigerian Communications Commission to deliver a safer, more resilient, and more inclusive digital financial system—one that supports national productivity, protects consumers, and strengthens trust in Nigeria’s digital economy.”

Mr Cardoso subsequently inaugurated the Joint Committee on Payment Systems and Consumer Protection and the Joint Committee on Telecoms Identity Risk Management System (TIRMS) Portal, which he said would put the protection of consumers of both sectors from fraud at the forefront.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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NCC Orders Telcos to Give Users Free Airtime for Poor Network Service

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Nigerian Communications Commission (NCC), yesterday ordered telecom operators to begin compensation of subscribers for poor network quality with airtime credits.

NCC Orders Telcos to Give Users Free Airtime for Poor Network Service

According to  Dr Aminu Maida, executive vice chairman, NCC,  the measure is part of renewed efforts to improve service delivery, protect consumers, and hold operators accountable for persistent lapses in network performance across the country.

Maida, also outlined his commission’s latest compliance and enforcement strategies.

He said the compensation directive followed verified failures by operators to meet established minimum quality of service standards in several locations.

“It is not a refund from the regulator but a compliance obligation placed on service providers,” he said, stressing operators must bear full responsibility.

He explained that the framework relies on detailed monitoring at local government level, enabling the commission to pinpoint exact areas and periods of poor service.

This granular approach, he said, allows regulators to move beyond general complaints and focus on measurable, location-specific service deficiencies affecting subscribers.

According to him, the compensation specifically covers service failures recorded between November 2025 and January 2026 across multiple network providers.

“Eligible subscribers will receive airtime credits with notifications explaining the cause and value of the compensation,” he said.

He added that notifications would improve transparency and help users understand why compensation was applied to their accounts.

Maida noted the commission has significantly strengthened its monitoring systems to capture real-time, location-specific service performance data.

“These systems ensure enforcement reflects actual user experience rather than generalised industry averages,” he said, highlighting improved regulatory precision.

He added that operators are required to implement the compensation directly, while the NCC provides oversight to ensure compliance.

“Independent checks will confirm that affected subscribers are properly credited,” he said, noting sanctions for non-compliance may follow.

Maida said the initiative formed part of broader reforms aimed at improving accountability and service standards within the telecommunications sector.

“Operators failing to meet obligations will face stricter enforcement measures,” he warned, signalling tougher regulatory action ahead.

He stressed that improving service quality required both sustained infrastructure investment and stronger operational discipline by network providers.

“Service providers must maintain performance standards consistently across all regions, including underserved and rural areas,” he said.

Maida reiterated the NCC’s commitment to balancing consumer protection with industry sustainability and long-term sector growth.

“Operators must take responsibility for the quality of experience delivered to subscribers,” he said, urging greater corporate accountability.

He added that the commission remained committed to ensuring Nigerians received value for money spent on telecom services nationwide.

“Persistent poor service quality is no longer acceptable under current regulatory direction,” he said, emphasising zero tolerance for continued lapses.


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NCC Tasks Nigeria IPv6 Council to Drive Adoption Beyond 5% in 3 Years

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Dr. Aminu Maida, executive vice chairman, Nigerian Communications Commission – NCC has urged the newly inaugurated Nigeria IPv6 Council to develop a credible pathway to raise Nigeria’s IPv6 adoption from approximately 5% today to a level that places us among Africa’s leading nations within the next three years.

He stated this at the inauguration of Nigeria IPv6 Council in Lagos yesterday. Quoting APNIC’s 2026 global measurements, “Nigeria’s IPv6 adoption stands at approximately 5% while leading economies have surpassed 40%. Global IPv4 reserves are exhausted, while the rapid expansion of 5G networks, the Internet of Things, cloud services, and AI-driven applications has pushed the limits of legacy internet addressing.

“At the same time, the cyber-threat landscape continues to intensify. In this context, IPv6 is a strategic necessity for national competitiveness, security, and economic sovereignty.”

Dr. Maida urged the Council to drive collaboration between stakeholders to ensure alignment with the National IPv6 Deployment Strategy.

“To our operators, government colleagues, and enterprise partners, the time for the adoption of, and prioritisation of IPv6 deployment across your networks and platforms is now. Invest in training your technical teams,and ensure that your infrastructure and procurement pipelines are IPv6-ready by default. The investments you make today will determine Nigeria’s digital competitiveness tomorrow.”

The commission mandated the Council to establish a monitoring and reporting framework; Including providing quarterly progress updates to the Commission and an annual State of IPv6 Deployment report to the nation.

More so, drive capacity building and certification by partnering with AFRINIC, academic institutions, and professional bodies to train a critical mass of IPv6-certified engineers across Nigeria.

Champion public sector leadership by working with MDAs to migrate government networks, websites, and e-services to dual-stack or IPv6-native configurations, so that the public sector leads by example.

Engage industry players and the private sector, working with operators, ISPs, data centres, content providers, and financial institutions to remove deployment barriers and unlock private investment in IPv6 infrastructure.

They were also urged to advise on policy and regulation, recommending to the Commission the incentives, standards, and procurement guidelines required to accelerate nationwide adoption.

Mr. Muhammed Rudman, chairman of the Nigeria IPv6 Council in his presentation said that With IPv4 addresses exhausted worldwide, continued reliance on legacy resource creates scalability bottlenecks.

“Our growing digital economy is projected to reach $18.3 billion in revenue by 2026—requires modern addressing capabilities. Without urgent IPv6 transition, Nigeria risks being left behind as emerging technologies like 5G, IoT, and cloud services demand the expanded address space only IPv6 can provide

“IPv6 is essential for Nigeria’s digital transformation, providing the foundation for unlimited connectivity, enhanced security, and next-generation technologies that will drive economic growth and innovation.

“IPv6 provides 340 undecillion IP addresses, ensuring every device in Nigeria can connect directly to the internet without costly workarounds or address sharing.

“Built-in IPsec encryption improves network security. Enables IoT, cloud computing, AI, and smart city initiatives critical to Nigeria’s digital economy, he added.

As a catalyst for National Development, he said IPv6 enables expansion of digital services, e-commerce platforms, and fintech solutions, driving economic diversification and job creation across Nigeria.

“Expanded internet access reaches underserved communities while seamless device integration connects millions of Nigerians to the digital economy.

IPv6 provides the foundation for IoT deployments, smart city initiatives, and AI-powered services that will transform Nigeria’s technological landscape,” he stated.

 


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DG NITDA Calls for Urgent Action on AI-Driven Cyber Threats, Announces More Stakeholder Engagements

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Kashifu Inuwa CCIE, Director General of the National Information Technology Development Agency (NITDA), has raised concerns over the rapidly evolving cybersecurity risks driven by artificial intelligence, urging immediate and coordinated national action.

DG NITDA Calls for Urgent Action on AI-Driven Cyber Threats, Announces More Stakeholder Engagements

Kashifu Inuwa CCIE, Director General of the National Information Technology Development Agency (NITDA).

Speaking ahead of the formal inauguration of a proposed cybersecurity advisory council, Inuwa disclosed that the Ministry of Communications, Innovation and Digital Economy plans to convene at least two additional stakeholder engagement sessions.

According to him, the move underscores a deliberate commitment to inclusivity and transparency, mirroring the collaborative framework adopted in developing Nigeria’s National AI Strategy.

He explained that the increasing integration of artificial intelligence into everyday systems has significantly altered the cybersecurity landscape, introducing more complex and unpredictable threats.

“AI is changing the game and elevating the threat landscape. The more we integrate AI into our lives, the more we need to change the way we look at cybersecurity. There are two fundamental issues we need to think about,” he said.

The NITDA boss highlighted the dual nature of emerging threats, noting that cyberattacks are now being carried out both on AI systems and through AI technologies, thereby expanding the scope and scale of vulnerabilities.

He further warned about the rise of advanced AI-driven social engineering tactics, particularly the growing use of deepfake technology.

“We are also witnessing increasingly sophisticated AI-driven social engineering. The emergence of deepfakes makes it difficult to distinguish between AI-generated audio or video and authentic content.

“There have even been instances where such technology is used during virtual calls,” he noted.

“This is the reality of the world we live in today, and it is not a challenge any single entity can address in isolation. The only way forward is to strengthen collaboration and deepen synergy between governments and the private sector,” he added.

Inuwa stressed that cybersecurity resilience depends heavily on collective responsibility, cautioning that weaknesses within any single organisation could expose entire networks to risk.

“We are only as strong as our weakest link. If one entity is compromised, it creates risks for others within the network,” he stated, referencing recent incidents in which financial institutions were exploited to gain access to broader payment systems and even government infrastructure.

Commending the Minister for initiating the cybersecurity advisory council, the NITDA DG described it as a crucial platform for enhancing cooperation, facilitating information sharing, and building a more resilient national digital ecosystem.

He reaffirmed the agency’s commitment to supporting the council and collaborating with stakeholders across sectors to strengthen Nigeria’s cybersecurity framework in the face of evolving AI-driven threats.


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