NCC AND CBN SIGN MOU ON MOBILE MONEY SERVICES

NCC AND CBN SIGN MOU ON MOBILE MONEY SERVICES
November 2, 2017 Advocaat Law Practice

The Nigerian Communications Commission (NCC) has announced that it has signed a Memorandum of Understanding with the Central Bank of Nigeria (CBN) to allow digital mobile operators to incorporate Special Purpose Vehicles to offer mobile money services. A joint technical committee has been set up by both organizations to work out the modalities.