Following a motion moved by Hon. Ifeanyichukwu Anthony Ibezi on the incessant rise of SIM swap fraud in Nigeria, the House of Representatives on Thursday, July 25, 2019 resolved to set up an ad-hoc committee to conduct an investigative hearing into the growing trend of SIM swap fraud in the country.

Presenting the motion, which was supported by Prof. Julius Ihonvbere, the member representing Owan Federal Constituency, Hon. Ibezi recalled that in 2012, the Central Bank had introduced the cashless policy, an initiative which reduced the amount of physical cash involved in business transaction and encouraged the use of electronic platforms for payment of goods and services. He noted that despite the numerous advantages of electronic transactions, some drawbacks are manifesting in the form of Subscribers Identification Module (SIM) swap fraud. This occurs, he said, when a fraudster steals someone’s personal information, mainly from the Internet and uses it to request for a new SIM card from the victim’s network provider, effectively cloning that person’s identity.

Hon. Ibezi also noted that as soon as the network provider issues the new SIM card with the same number of the person whose identity was stolen, that person’s network signal will disappear from his original line which he would still have in his possession. As the confused victim will be battling to restore his or her line, the fraudster will immediately set to work by diverting any incoming SMS and completing the text-based two-factor authentication checks that protects the owner’s most sensitive accounts in financial services, social networks, webmail services and instant messages. This type of fraud, he observed, is now used to steal money from people’s bank accounts and simulate emergencies to solicit money from victims’ contacts. He recalled the pathetic story of one Sawari Bolanle, a young mother who was a victim of this new fraud as reported by The Guardian newspaper of July 01, 2019.

Given the widespread incidences of this new tech fraud, the House of Representatives through a unanimous voice vote adopted the motion and resolved to set up an Ad hoc committee to conduct an investigative hearing into the trend. The committee has six weeks to report back to the house for further legislative action.

Source: https://punchng.com/reps-probe-sim-swap-fraud/amp/

Motion Seconded

I support this motion.

Naija with fraud mentality, with little opportunity is a means to scam ur fellow human. Thorough investigation should be made with immediate alacrity.

Hon Ibezi represents the good people of Idemili North & South in Anambra state not any Owan or whatever the OP wrote there

it is indeed needed

This doesn't make sense because during a SIM swap, you are required to provide numbers you call often and also biometric is required that brings out your details including photo.

Oka

Is this not NCC's job

TheTourist:
Hon Ibezi represents the good people of Idemili North & South in Anambra state not any Owan or whatever the OP wrote there

Julius Ihonvbere is the one representing Owan.

What about politician fraud, when are you going to face that ?

Okay

Will these idiots ever talk about restructuring?

You guys hate abortions and single mothers at the same time lmao.
I honestly wish more women could see how much the world hates them. They don’t want you to keep that pregnancy and they don’t want you to take it out either. They hate it when you do either. It’s a war on female autonomy. Marriage - MEN - is the only thing that saves your face.

Ok

Good move, guess fresh brains are in our house of reps , I so much believe that this Nation shall be great again. God bless the FRN.

TheTourist:
Hon Ibezi represents the good people of Idemili North & South in Anambra state not any Owan or whatever the OP wrote there

. Which school u graduate from? D owan guy seconded d motion. Learn to read and comprehend.

G

TheTourist:
Hon Ibezi represents the good people of Idemili North & South in Anambra state not any Owan or whatever the OP wrote there

Are you sure you can read?

The truth of the matter is, without SIM swap fraudsters use social engineering techniques to get sensitive information from people about their financial records. Their are reported cases where phones are stolen from people, fraudsters get access to their banking credentials to wire money from victims account countless time.
I think the financial institutions should also step up in this regards to help ensure the maximum security of their customers even if SIM swap or phones were missing or stolen by criminals
There should be holistic investigation taken by this investigative panel of the green chamber.

mynaija123:
This doesn't make sense because during a SIM swap, you are required to provide numbers you call often and also biometric is required that brings out your details including photo.

The investigation should throw up the circumstances that circumvent these security hurdles.

mynaija123:
This doesn't make sense because during a SIM swap, you are required to provide numbers you call often and also biometric is required that brings out your details including photo.

Yes but mind you that it can only bring out ur complete information if actually you have register your line in a proper center, (Mtn,glo etc centers) not those road side agent. This road side agent sometimes don't update your info completely. Secondly, the 19 guys have friends or relatives who work with these telecommunication companies that is into sim swap/customer care department that can assist to do that for them. Then lastly. The 19 guys have also bankers that are also in customer care unit that will give them ur bank details too....remember that once you dial *904#, you will from this process know the bank the peace is using then quickly contact your guys working in those banks for details. But for what I know is this, once they report any number that such issue happened, the telecom, will be able to trace whoever did the swap, and bank also will be able yo trace the person too with just the person username.

I just dey observe Ifeanyi Ibezi

mynaija123:
This doesn't make sense because during a SIM swap, you are required to provide numbers you call often and also biometric is required that brings out your details including photo.

That is not sim swap, that is retrieving a number. Sim swap can be carried out personally by yourself.

eddiebruk:


That is not sim swap, that is retrieving a number. Sim swap can be carried out personally by yourself.

No you can't carried out sim swap by yourself, either sim swap or welcome back must be done at Mtn, glo, etc centers , unlike before that those agent are allow to do that , but now you must visit their office.....years back like 2012 downward, you can buy the welcome back sim and do that yourself but it is not allow now. Since 2013 upward