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UBA Cautions Customers on Fraudulent Text Messages

Category: Investors NewsBeat


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UBA Cautions Customers on Fraudulent Text Messages

December 8, 2011

Every efforts to fight electronic fraud in the banking sector of the Nigerian economy may not have yielded the expected result as the United Bank for Africa (UBA) has again warned customers to ignore fraudulent text messages, purporting to originate from its bank notifying customers of failed transfers into their accounts.

The text message, according to UBA in an e-mail to their customers read in part: “Dear customer, your transfer could not be completed due to TAX and VAT. You have been charged for Tax for the imposed N2m. call for more information.

“The management of UBA hereby alert you that N5m will be credited into your account from Airtel. Call Mr. Ken Eze on 07039348844 for completion”

On no account, according to the email by UBA to its customers should anyone respond to any instruction to make payment to anyone, visit any website or visit any UBA Business Office in order to claim any prize money.

"Such an act is fraudulent and would lead to a loss of the money you pay for VAT and/or COT as claimed in the text message.

“Any customer that has already responded to such fraudulent text message should immediately notify his or her relationship manager at his or her branch or contact our Customer Interaction Centre (CIC) at cic@ubagroup.com.

Forwarding this alert to friends and family members would also help inform them and combat this fraud,” UBA said in the e-mail to customers.”

Meanwhile, the President of  Nigerian Computer Society, Mr. Demolish Aladekomo had  said that  stakeholders were pushing for laws governing e-payment system in Nigeria.

“Yes, we do not have enabling laws to guide the practices of e-payment in the country. We are working with the National Assembly, especially with the Senate, with the National Information Technology Development Agency (NITDA) and with the new Ministry of Communications Technology to be able to come up with laws that will guide the implementation of e-payment systems.

“You also know that the central Bank is heavily interested in this. In the next couple of months, there will be a lot of legislative activities in the national assembly being pushed by the NCS, Ministry of Communications Technology, NITDA and Central Bank. We are going to ensure that these laws are actually pushed,” he said

Source: Thisday



http://www.proshareng.com/quote/UBA

 



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