The Nigerian Communications Commission and the Central Bank of Nigeria have launched a portal that enables financial institutions to track fraudulent and suspicious phone lines across the country.
The Telecoms Identity Risk Management System ( TIRMS) portal, was unveiled during a Memorandum of Understanding signed between both regulators, is expected to enhance transparency, boost confidence in digital transactions, and deepen collaboration between the telecommunications and financial services sectors.
Executive Vice Chairman of NCC, Dr. Aminu Maida, said that the agreement provides a structured framework for cooperation in critical areas, including payment system integrity, fraud mitigation, digital inclusion, and consumer protection.
According to him, the TIRMS portal will provide financial institutions with real-time visibility into the status of phone numbers used for transactions.
“The portal aggregates data on churned or recycled lines and numbers flagged for suspicious activities.
This means banks and other financial institutions can determine whether a line is active, swapped, disconnected, or reassigned to another subscriber,” he said.
On his part, Governor of CBN, Mr. Olayemi Cardoso, said the MoU would strengthen coordination on regulatory approvals, technical standards, and innovation initiatives, including sandbox testing.
He noted that the partnership aligns with the apex bank’s commitment to promoting a secure, resilient, and inclusive financial system.
