Subah saves Guinean government $7.7m from SIM box fraud
Subah Infosolutions Ghana Limited, one of Ghana’s leading IT and telecommunications solution providers, has saved the government of Guinea $7.7 million from SIM box fraud.
This is after the Guinean government, through its Telecoms Regulatory Agency, ARPT, contracted Subah Infosolutions to perform an investigation to detect and locate the suspected fraudulent SIM box devices operating on the network of operators in Guinea.Follow @Graphicgh
“The Guinean government, hearing of the great job Subah did for Ghana between 2014 and 2017, invited the company to come and assist as the Mobile Network Operators in Guinea were experiencing revenue loss due to fraudulent and unauthorised diversion of International voice calls through SIM box equipment on various telecommunication mobile network SIM cards,” a statement issued in Accra said.
SIM box fraud
SIM box fraud is an illegal scheme where fraudsters divert international calls into local calls, leading to the loss of huge national revenues.
The statement said after a one-month technical and very thorough investigation, Subah (through an implemented fraud management system), with “her local consulting agents, performed this operation which has saved the Guinean government close to $1.5 million in the month of November 2019. Subah’s intervention has saved the Guinean Government a total of $7,747,992 million from January 2019 to November 2019”.
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The statement said the Chief Operating Officer of the Subah Group, Mr Eric Nyarko-Aboagye, indicated that the Guinean contract was a testament to the fact that Subah Infosolutions had what it took to provide revenue assurance and audit across Africa.
“We continue to build higher competencies in cyber security and have all the necessary equipment to assist African governments to mobilise resources for critical national development,” he added.
According to the statement, Mr Nyarko-Aboagye reiterated that Subah’s solution did not only reduce revenue leakage but also stopped fraudsters from siphoning revenue from the state.Follow @Graphicgh
It will be recalled that Subah’s Revenue Monitoring Assurance and Tax Monitoring System (RATMS) in Ghana saved the nation $43million between 2014 and 2017 as the system ensured that the government and other state agencies got hold of the taxes they were entitled to from telecommunication operators.
“The RATMS is a rigorous system that enables tax authorities to accelerate tax collection via a distributed and scalable multi-threaded architecture configuration that supports multi-vendor and technology networks.
“In 2017, Subah Infosolutions was adjudged the “Best Revenue Assurance, Fraud & Traffic Monitoring Solution” provider at the fourth annual Africa Telecoms Fraud, Revenue Assurance and Risk Management Forum in Kenya,” the statement said.