PUBLISHED: 27 May 2024 at 10: 47
As a clampdown begins against the use of animal accounts by fraudsters, the telecoms regulator says exposure to mobile bank accounts with different account holders ‘ names and phone subscribers will require case-by-case permission.
According to a statement released on Monday from the National Broadcasting and Telecommunications Commission, the state has a plan to restrict access to banking services from portable devices that are not registered with the wireless bank account owner.
The scheme was put into effect on Monday and was intended to stop scammers from using animal accounts.
However, banks may grant access to wireless banking accounts on a case-by-case basis, for instance if older or young relatives had subscribed to mobile phone services.
The telecoms regulator scheduled to meet with cellular phone providers to explain simple steps for obtaining case-by-case agreement.
There are about 106 million mobile bank accounts, of which about 30 million are no registered under the same name as their cellular phone users, according to the Ministry of Digital Economy and Society.
The government estimated that were 1 million animal balances and it planned to shut 100, 000 of them every , quarter.
On Monday, a telephone interview with the names of the recipients of mobile banking accounts and subscribers began. Within 120 nights, the names of the users of mobile phones and cellular bank accounts would be made known. People of dubious mobile banking services would then be disconnected.