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NCC Sharpens Strategy to Combat Financial Frauds

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L-R: Moses Ayough, Federal Competition and Consumer Protection Commission,FCCPC; Hadiza Afegbua Deputy Chief Detective Superintendent, Economic and Financial Crimes commission, EFCC; Chief Superintendent of Police Francis Olufemi Oshuporu; Felicia Onwuegbuchulam, Director Consumer Affairs bureau NCC; Adeleke Adewolu, Executive Commissioner Stakeholders Management NCC; Awonuga Gbolahan, Association of Licensed Telecommunications Operators of Nigeria ALTON; Aisha Isa Olatinwo, Assistant Director payment System Management Department CBN; Yetunde Mosunmola Independent Corrupt practices Commission ICPC.
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In fulfillment of one of its fundamental statutory responsibilities of protecting the interests of the consumers of telecoms services, the Nigerian Communications Commission (NCC) on Wednesday inaugurated a multi-sectoral committee to develop a Memorandum of Understanding (MoU) on financial frauds also called electronic fraud (e-fraud) which are perpetrated through digital platforms.

The committee, inaugurated in line with resolutions reached at a stakeholder forum on financial fraud organised by the NCC earlier this year, is set to harmonise the activities of critical stakeholders responsible for combating financial fraud committed through telecommunications platforms.

Inaugurating the committee in Abuja, Prof. Umar Danbatta, executive vice chairman (EVC) of NCC, said the inauguration of the committee is further demonstration of Commission’s commitment to forge necessary strategic collaboration with other government agencies, industry players and other necessary stakeholders towards addressing critical industry issues for the benefit of all.

Danbatta, who was represented at the forum by Adeleke Adewolu, executive commissioner, Stakeholder Management at NCC, stated that with the attainment of 35.4 percent broadband penetration, there has also been an increase in financial services.

Expectedly, mobile platforms and applications have become the most common channels for conducting financial and other sundry transactions.

The EVC, however noted that, as the uptake of these alternative channels grows, so have incidences of malevolent use of technology and attendant heavy losses suffered by consumers and other key stakeholders.

“Cybercriminals, hackers and other unscrupulous elements are exploiting online platform vulnerabilities to gain illegal access to bank accounts through phishing and other ploys such as fraudulent SIM swaps to bypass authentication security levels, regardless of whether the transactions are conducted via mobile phones, desktop browser, or on point of purchase,” Danbatta said.

The 26-man committee draws membership from the Central Bank of Nigeria (CBN), the NCC, Federal Competition and Consumer Protection Commission (FCCPC), Nigerian Inter-Bank Settlement System (NIBSS), National Identity Management Commission (NIMC) and the Association of Licensed Telecom Operators of Nigeria (ALTON).

Other organisations with representation on the Committee include the banks, security agencies such as the Office of the National Security Adviser (ONSA), the Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices other Related Offences Commission (ICPC), Nigeria Police Force (NPF), Nigeria Financial Intelligence Unit (NFIU) and the Federal Ministry of Justice.

 

 


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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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Airtel Nigeria Unveils Smartphone Financing for New Devices

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Airtel Nigeria launches a new Smartphone Financing Programme to aggressively bridge the digital divide. The innovation provides existing Airtel customers with a flexible and convenient payment plan to own 4G smartphones and drive wider digital inclusion.

Through this innovation, Airtel will finance new smartphones via its exclusive retail network, helping customers currently using 2G and 3G devices upgrade seamlessly to 4G connectivity. The programme will kick off with the Itel A50 smartphone, a reliable, high-performing device designed to deliver a superior mobile experience for customers across Nigeria.

Speaking on the launch, Dinesh Balsingh, Chief Executive Officer of Airtel Nigeria, said the initiative reflects Airtel’s deep commitment to empowering Nigerians with all they need to thrive in a connected world.

He said, “Connectivity is opportunity, and smartphones are the key that unlocks it. Through the Airtel Smartphone Financing Programme, we are enabling more Nigerians to access 4G technologies, experience the full benefits of digital inclusion without financial strain, and transform the way they learn, work, and live. This initiative goes beyond providing devices; it is about empowerment, progress, and building a truly connected future.”

To be eligible, customers must be Airtel subscribers and are advised to check their financing status by dialling *492# USSD code. Once approved, the final onboarding is completed at any Airtel-owned shop. Upon making the initial down payment of ₦19,000 or ₦21,000, customers will receive their smartphone and immediately gain access to fast 4G internet.

All payments, including the down payment and subsequent weekly instalments, will be made exclusively through SmartCash, Airtel’s secure mobile money subsidiary.

Also speaking on the innovation, Ismail Adeshina, Director of Marketing, emphasised the role of partnerships and technology in driving the initiative.

“Our mission is to democratise access to technology by removing financial barriers. With this programme, customers can now afford quality smartphones without the burden of full upfront payment. By leveraging SmartCash and intelligent scoring systems, we are creating a sustainable model for inclusive digital growth,” Adeshina added.

To qualify, customers must be active on the Airtel network for at least three months, have a registered SmartCash account, a valid form of identification such as NIN, Voter’s Card, or Driver’s Licence, and provide consent for data processing by Intelligra for eligibility verification.

The Airtel Smartphone Financing Programme aligns with Airtel Nigeria’s broader goal of advancing financial inclusion, digital empowerment, and innovation across the country.

 

 


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Six Students Emerge Abuja Regional Champions in MTN Spelling Bee

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Six students have qualified for the grand finale of the MTN mPulse Spelling Bee following a keenly contested regional final held in Abuja.

The finalists — Samuel Babalola, Ojoma Gabriel Sylver, Favour Shuwa, Henry Elebiga Goodness, Levi Kelechi Ebisike, and Mary Chukwudi — will represent the North-Central, North-East, and North-West zones at the national competition scheduled to hold in Lagos.

The event, which drew participation from schools across the region, showcased the linguistic abilities of young Nigerians. The winners were selected based on their accurate spelling of complex vocabulary.

Temilolu Salako, Senior Manager, Segment Marketing (Youth, Women & Teen) at MTN Nigeria, said the company remains committed to empowering young people through education and technology.

“At MTN, we believe in the power of connectivity and technology to transform lives and build a brighter future,” Salako said.

One of the finalists, Mary Chukwudi, expressed excitement over her qualification, saying she had declared her intention to win before the competition began.

“I’m so happy. I’m proud of myself and can’t wait to go to Lagos for the grand finale,” she said.

The overall winner of the national competition will receive a ₦5 million educational grant, a laptop, a smartphone, and the opportunity to serve as MTN CEO for one day.

In addition, the champion’s school will benefit from a ₦10 million flagship project, including a modern ICT laboratory.

The MTN mPulse Spelling Bee is part of the company’s youth development initiative aimed at promoting academic excellence and leadership among Nigerian students.


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AFRIFF 2025: Globe Awards Spotlight African Creativity, Honour Wigwe Legacy

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The 14th edition of the Africa International Film Festival (AFRIFF) concluded in Lagos with a dazzling Globe Awards ceremony that celebrated African cinematic excellence and honoured the continent’s digital transformation.

Held at the Landmark Centre, the event drew top government officials, industry leaders, and Nollywood stars, underscoring the growing synergy between Nigeria’s creative economy and national development.

The Honourable Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musa Musawa, represented Vice President Kashim Shettima at the ceremony.

In a symbolic moment, she received the newly instituted Herbert Wigwe Award for Excellence on behalf of the Vice President.

The award, named after the late business magnate and philanthropist, was also presented to Delta State Governor Sheriff Oborevwori, accepted by his deputy, Monday Onyeme. International actor and filmmaker David Oyelowo was among the celebrated honourees.

A tribute film commemorating Wigwe’s legacy was screened, drawing emotional responses from attendees and reinforcing the festival’s commitment to honouring visionary leadership.

MTN Nigeria’s Chief Digital Officer, A’isha Umar Mumuni, in her opening remarks, described the event as a beacon of Africa’s cultural and digital renaissance. “Tonight, as we stand together, we celebrate the beauty of a bold new digital world,” she said.

The red carpet featured Nollywood luminaries including Ini Edo, Rita Dominic, Omowunmi Dada, Osas Ighodaro, and Kunle Remi, whose fashion statements lit up social media. Comedian and actor Bovi hosted the evening, balancing glamour with heartfelt tributes and technical awards.

The ceremony concluded with a high-energy performance by music star Flavour, blending film and music in a celebration of Africa’s cultural vibrancy.


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