MTN Ghana invests $2.5m in plan to combat fraud; over 40 people arrested

MTN Ghana invests $2.5m in plan to combat fraud; over 40 people arrested

- MTN Ghana has revealed plans of exposing and causing the arrest of fraudsters who outwit their clients

- The company added that over 40 people have so far been arrested in relation to fraudulent activities

- It added that there is a fraud management project in place to help detect and report fraud

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Telecommunications company, MTN Ghana, has teamed up with the Cybercrime Unit of the Criminal Investigations Department (CID) of the Ghana Police Service (GPS) to deal with fraud.

Over 40 fraudsters have so been arrested all over the country and MTN has given the assurance of a continuous effort to deal with the menace.

Eli Hini, the Head of Mobile Financial Services at MTN, revealed that the company has secured a tracing system that helps with follow-ups when cases of fraud are reported.

MTN Ghana invests $2.5m in plan to combat MoMo fraud; over 40 people arrested
Selorm Adadevoh is the CEO of MTN Ghana Source: MTN Ghana
Source: UGC

READ ALSO: MTN announces plans to exit the Middle East and focus on Africa

He went on to say that some reports have led to dawn swoops in specific areas due to intelligence received from Ghanaians.

Per a report by, he added that in some cases, the company has successfully recovered some of the funds involved.

According to him, the company remains focused on investing in additional solutions to boost its systems and deal with fraud.

MTN Ghana’s Chief Executive Officer (CEO), Selorm Adadevoh, indicated that the company is ready to step up efforts to protect its clients from fraudsters.

A fraud management project, he went on, is therefore in place to ensure that processes are tightened and technology is introduced to help the company halt fraudulent acts in time.

In other news, MTN Ghana has announced an extension of the waiver on Mobile Money transfers up to GHc100 for three more months.

Information available shows that the offer, which is for on-net transfers, lasts until 30 September.

In March, MTN Ghana announced the cancellation of charges on transfers up to GHc100.

READ ALSO: MTN's 2020 Q1 profit increases by 62% to GHc349 million

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Source: Yen

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