NCC, CBN Sign MoU for Consumer Safety, Inaugurate Committees for Protection Against Fraud

‎NCC, CBN sign MoU to protect consumers from fraud‎‎

By Chioma Obinagwam‎‎The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have signed a Memorandum of Understanding (MOU) designed to strengthen consumer safeguards and fight fraud across the telecommunications and financial sectors.‎‎Confiance News reports, citing an NCC public notice signed by Nnenna Ukoha, Head of the Public Affairs Department. ‎The pact was sealed and announced on April 20, 2026, during the inau…

CBN, NCC Set up Committees to Protect Consumers Against Fraud

By Modupe Gbadeyanka In a bid to ensure consumer safety across the telecommunications and financial services sectors, the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have decided to work together. On Monday, both organisations sealed a Memorandum of Understanding (MoU) for the establishment of joint committees for the protection of consumers […]

CBN and NCC sign MoU to share telecom data with banks

Nigeria’s Central Bank and the Nigerian Communications Commission signed a formal agreement on Monday that gives banks real-time access to telecom data, a move designed to close one of the most exploited gaps in the country’s digital payments system. At the centre of the Memorandum of Understanding is a data-sharing called the Telecom Identity Risk Management System (TIRMS), which will allow financial institutions to check whether a mobile numbe…

NCC, CBN in Pact for Consumer Safety, Protection against Fraud

The 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. The MoU was signed as NCC and CBN inaugurated a Joint Committee on Payment Systems and Consumer Protection and a Joint Committee on Tele…

NCC, CBN Sign MoU for Consumer Safety, Inaugurate Committees for Protection Against Fraud

The 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. The MoU was signed as NCC and CBN inaugurated a Joint Committee on Payment Systems and Consumer Protection and a Joint Committee on Tele…