Telecommunications company, MTN has stated that, they have facilitated the arrest of over 40 people in connection to mobile money fraud
Speaking at the 8th MTN MoMo Stakeholder Workshop, General Manager of Mobile Money Limited of MTN, Mr Eli Hini noted that, aside fishing out perpetrators of MOMO fraud, they carry out investigations to prevent the occurrence.
“In terms of arrests, we’ve done over 40 arrests already and this includes swoops which means that we are able to predict and therefore go into spaces where we believe these people may be operating from and pick them up”, He told Joy Business.
Mr Hini revealed that a total of GHS4 billion has been transacted on the MTN Mobile Money service since its inception.
He said, as transactions on mobile money rise, fraud on the platform keeps increasing and is advocating for more consumer education on the matter.
“15.5 million Ghanaians are presently using the mobile money service, meaning there are a lot of people who have come into the space who need education to understand how the service evolves”, he said.
He also called for a centralized identification system to enable an easier detection and apprehension of these fraudsters.