mobile

As Telcos Jostle for Mobile Money Space

November 17, 2019 3:25 am

Nigeria is an untapped market for mobile money with significant revenue potential. The telcos operating in the country have, therefore, positioned themselves to grab the opportunities presented by the evolving business expected to rapidly drive the cashless policy of the Central Bank of Nigeria and deepen financial inclusion, writes Bamidele Famoofo

Mobile money is a service whereby customers use their mobile phone device to send and receive monetary value – or more simply put, to transfer money electronically from one person to another using a mobile phone as mobile wallet.

The planned incursion of telcos into the space, as they …

Mobile money agent rapes co-worker to death in Ogun

September 26, 2019 12:42 am

A mobile money agent, Eniola Adenuga, yesterday narrated to newsmen why and how he raped his female co-worker, Faith Jude, to death in their office around Lafenwa area of Abeokuta, Ogun State.

Adenuga said the girl just joined the company and he quickly picked a love interest in her. He lamented that despite having made countless advances to her with promises of treating her fine, she refused to accept his offer for a romantic relationship.

He added that as the affection for her kept building up, he contemplated seeking to have his way by force and an opportunity provided …

CBN: ₦2b stolen as fraudsters target Mobile Apps users

May 5, 2019 9:27 pm

Going by the record of the Central Bank of Nigeria (CBN), e-fraudsters have fleeced customers of self-initiated banking solutions, such as Mobile Apps and Unstructured Supplementary Service Data (USSD) of about N2.08 billion in the last one year.

CBN Director, Payment System Management, Sam Okojere, who broke the news at the Nigeria Electronic Fraud Forum (NeFF) general meeting in Lagos, said that customers of banks, Other Financial Institutions (OFIs), digital wallets and remittance players are prime targets for cyber criminals seeking quick monetisation of stolen credentials.

Mobile policeman rapes ATM user at gun point

March 22, 2019 8:29 pm

A mobile policeman in Anambra State, has been detained for allegedly defiling a 35-year-old lady in the premises of one of the new generation banks.

The victim (name withheld) was said to have gone to make some transactions at the bank’s Automated Teller Machine (ATM) in the night when the incident occurred.

Confirming the report, Commissioner of police, Rabiu Ladodo, said the command was still investigating the matter.

He said the command would make the report public after investigation being handled by the state Criminal investigation Department CID, Awka.