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BUSINESS: Mobile Money Limited signs MoU with EOCO to fight financial crimes in Ghana

The leadership of Mobile Money Limited, a subsidiary of telecommunication giant, MTN Ghana has signed a Memorandum of Understanding (MoU) with the Economic and Organized Crime Office (EOCO) to help deal with the issues of financial crimes in the country.


According to Mobile Money Limited, the partnership will not only tackle the issues of financial crimes in the country but also help mobile money users to easily report cases of theft to appropriate authorities for assistance.

Speaking at the event, Chief Executive Officer (CEO), Mobile Money Limited, Haruna Shaibu said "We owe it as a responsibility to collaborate with EOCO to support and make sure that customers enjoy safe environments to transact their businesses"


"Mobile money has become an integral part of our daily activities but however, we are saddened with the issues around fraud which has permeated some of the activities around the service"


"We intend to use this collaboration to actually work hard to combat mobile money fraud. I believe that this partnership will help us stay ahead of organised crimes in Ghana"

He further explained that the value of monies which were lost through mobile money has increased despite the numbers recorded in 2021 and 2022.


He mentioned that about GHc26Million was lost as a result of mobile money theft.


He was however confident that the partnership will clamp fown the activities of frauders in the country.


On her part, Executive Director of EOCO Ghana, COP Maame Tiwaa Addo-Danquah assured MML that it will work night and day with them to help apprend the criminals.

She stressed that the activities of these crimes were long overdue hence the need to clamp their wings and arrest them.


"We have to be ahead of these criminals. We cannot allow them to be ahead of us. I want to sound a warning to these criminals that they cannot get away with their crimes. We can only stop them if we work together"


She noted that the MoU will provide guidelines for EOCO to be able to follow in order to gather evidence arrest criminals and curb their activities.


She appealed to the general public to report any case of mobile money theft or any suspected cases to the nearest police station for help.


Story by: Joshua Kwabena Smith

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