Good morning all,
I decided to share this based on a friend's experience .

Her phone got stolen, and she hasn't activated USSD Banking on her phone. Since the phone number is tired to her account , the criminal activated USSD mobile banking, created a new pin on the USSD banking and moved closed to N90,000 from her account. Worst part was she wasn't getting alerts since her phone was with the guy. All these took place between three hours, less than enough time for her to do a SIM Swap.

So we all should be careful, put a PIN on your SIM Card so whenever it is put in a new phone, or your phone is restarted, the user must login to the SIM with a pin.
With your SIM, the criminal can easily change your USSD banking, and withdraw your money.

Be careful all,
Be ware.

Thanks op for this




But I think 95% of people that stole phones will wipe the phone and throw the sim instantly.

same happened to a friend too

IneedSugarMumy1:
Thanks op for this




But I think 95% of people that stole phones will wipe the phone and throw the sim instantly.

Criminals are upgrading

The money was moved into another account right?
BVN will take care of that.

PIN 2 is usually used to grant access to higher security and user services on a SIM.

PUK 2 however,is used to unlock PIN 2. If you enter the wrong PUK2 on more than 2-3 times,your SIM card will be permanently destroyed and unusable.

Hmmmmmm

XD3G:
The money was moved into another account right?
BVN will take care of that.

PIN 2 is usually used to grant access to higher security and user services on a SIM.

PUK 2 however,is used to unlock PIN 2. If you enter the wrong PUK2 on more than 2-3 times,your SIM card will be permanently destroyed and unusable.

BVN is a sham, if it was functional, Yahoo boys won't have been siphoning money.
See example, Ahmed James, sells Bitter kola in Kano Market and has an account with Keystone bank, Ahmed doesn't have much need for an account, so he gives the ATM to John, a con artist, John is in Lagos.
John uses Ahmed's account for money laundering and the related. Ahmed isnt aware.
Ahmed moves to Maiduguri to continue is Business.
Ahmed is a no body, he can't be tracked easily.
You get?

Jkfc:

BVN is a sham, if it was functional, Yahoo boys won't have been siphoning money.
See example, Ahmed James, sells Bitter kola in Kano Market and has an account with Keystone bank, Ahmed doesn't have much need for an account, so he gives the ATM to John, a con artist, John is in Lagos.
John uses Ahmed's account for money laundering and the related. Ahmed isnt aware.
Ahmed moves to Maiduguri to continue is Business.
Ahmed is a no body, he can't be tracked easily.
You get?

Hi Bro. I do understand what you driving at, but from the narrative up here, Ahmed must have had a relationship with John,before giving out his ATM to him. Also, BVN is actually a database of KYC. Hence, as long as Bank Accounts are involved, BVN will surely take care of it,or atleast,provide the Authorities the much needed info

XD3G:



Hi Bro. I do understand what you driving at, but from the narrative up here, Ahmed must have had a relationship with John,before giving out his ATM to him. Also, BVN is actually a database of KYC. Hence, as long as Bank Accounts are involved, BVN will surely take care of it,or atleast,provide the Authorities the much needed info

What if John contracts Ahmed specifically for that purpose?
And how easy is it to find people in Nigeria?
There's a lot of fraud going on bro.
Just normal case of Somone using another person's ATM to withdraw and goes undiscovered, even when the bank has a picture of the perpetrator. Why? Because after the first month, Police would stop searching, unless you keep giving them money. And at a point, the amount involved in looking for the stolen money, becomes higher than the stolen money.
So a KYC database is useless, unless the person has a reputation and is known or there's an actual way of tracking people .

Jkfc:

Criminals are upgrading

Yeah its true

LastMumu:
How did the thief get his token number or the last four digits of his arm card?

For USSD banking, no need for that.
For first bank just dial *894#
For fidelity *770#
All you need is the phone number tired to that bank account?
And for the token, no bo that same number them go send am go?

..this is big lie. to registered for ussd code. you will need to supply your bank info. so its not possible.

Ericaikince:

Poster above me; WHAT'S SO FUNNY NITORI OLORUN ?

true talk but d account that d money to can be Tracy and d Criminal arrested

Does this work if you have never activated it?

Jkfc:

For USSD banking, no need for that.
For first bank just dial *894#
For fidelity *770#
All you need is the phone number tired to that bank account?
And for the token, no bo that same number them go send am go?

Jkfc:

For USSD banking, no need for that.
For first bank just dial *894#
For fidelity *770#
All you need is the phone number tired to that bank account?
And for the token, no bo that same number them go send am go?

. u can't transfer money from one bank to another on first bank without the pin generated through the last five digits of ATM.. if the thief actually loaded the 90k as airtime, he must have transferred it to other lines, all these can be traced once the owner has retrieved the line.. jus visit the mobile telecom office and request for the transactions record...

I acknowledge the fact tat e need to on stuff however I don't believe this story is real.
How did they get to know his account number
How did they know his bank
If they transfer was to another bank account then BVN is there to help your friend.

Hmmn

If you must, let there an alternative sim that one can easily use to reach any member of your family.

This has saved me a lot of stress but the cause of not recovering like 2 phones cos once the phone goes off, its over.

Before you do this one any sim.. be sure the sim is worth it.

By the way, people should learn to differentiate banking sim and personal sim.. still, only if its worth it..

The thief na insider joor

LastMumu:
How did the thief get his token number or the last four digits of his arm card?

I wonder ooo....

LastMumu:
How did the thief get his token number or the last four digits of his arm card?

gtb customer spotted... Did the writer include the name of the bank? Its not all banks that require last four digits of ATM card to set up ussd.

That's the price you pay when want everything digital

There are Things better left as analog

I don't even have any Mobile App relating to my account in my phone

When fraudsters are going digital you are now going digital also
OK continue

hmm

Good advice.

Rubbish post

This story is cooked up. It is not true

lordlek:

I wonder ooo....

You need to ask youself is there is an alternative to ATM card .

Ever heard of OTP that can be recieved via ur banking mobile no.