INDICATIONS emerged last week on why the Central Bank of Nigeria denied telecommunication operators the license to operate mobile money services.
Representative of the apex bank, from the Shares department, Mr. George Sansa who disclosed this during an interview with newsmen at the 64th NCC consumer parliament held in Lagos argued that granting telecommunication service providers license to offer mobile money services might compromise their primary responsibility of providing quality service in the country.
Following this observation, Sansa said CBN chose to limit the role of the telcos to providing traffic for the exercise.
Rigorous process
“The CBN went through a rigorous process in rolling out the guidelines which are of international standard for the scheme. The operators are supposed to be carriers. In order to avoid a clash, telecoms operators were exempted from the grant of operational license. We wanted to avoid a clash of interests,” Sansa said.
On fraud control, Sansa said CBN had before the commencement of the policy, certain stringent guidelines of international standard were set up to strengthen the operation, adding that an e-fraud forum had also been constituted by the apex bank to oversee cases of fraud that maybe perpetrated in Nigeria and in other jurisdictions.
“We will use that to strengthen our system. As we move on, we will continue to learn and improve because we can do it. It is a continues thing and I’m confident that as Nigerians continue to learn the role, they will achieve perfection at the end of the day.
Representative of the apex bank, from the Shares department, Mr. George Sansa who disclosed this during an interview with newsmen at the 64th NCC consumer parliament held in Lagos argued that granting telecommunication service providers license to offer mobile money services might compromise their primary responsibility of providing quality service in the country.
Following this observation, Sansa said CBN chose to limit the role of the telcos to providing traffic for the exercise.
Rigorous process
“The CBN went through a rigorous process in rolling out the guidelines which are of international standard for the scheme. The operators are supposed to be carriers. In order to avoid a clash, telecoms operators were exempted from the grant of operational license. We wanted to avoid a clash of interests,” Sansa said.
On fraud control, Sansa said CBN had before the commencement of the policy, certain stringent guidelines of international standard were set up to strengthen the operation, adding that an e-fraud forum had also been constituted by the apex bank to oversee cases of fraud that maybe perpetrated in Nigeria and in other jurisdictions.
“We will use that to strengthen our system. As we move on, we will continue to learn and improve because we can do it. It is a continues thing and I’m confident that as Nigerians continue to learn the role, they will achieve perfection at the end of the day.
Mobile Money
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