WorldStage Newsonline-- The Central Bank of Nigeria (CBN), and the telecoms regulator, the Nigerian Communications Commission, NCC have been challenged to ensure the security of mobile money (MM) when the country finally embrace it.

This challenge was given by the stakeholders in the information and communication technology industry in Lagos during the maiden edition of the ‘Telecoms Trade Fair’, organized by Logical Communications Group.

At the telecom trade fair tagged: “Moving Nigeria towards a cashless society”, the stakeholders noted that the regulators should ensure that both the platform and licensee were not spared when there is a breech since it involves other people’s money, adding that 90 per cent of mobile phone is for call and SMSs and that Nigeria is coming up to displace and overtake South Africa and Kenya as MM giant.