Abstract: Fraud permeates the whole sector of Nigeria’s economy, the mobile telecommunication industry is no exception. Nigeria’s mobile industry is a fast growing sector of her economy with increasing numbers of mobile telecommunication operators. However, telecommunication fraud has been a major hindrance to the rapid growth of this industry as it has caused both the telecommunication operators and its subscriber’s loss of revenue. Different solutions and services have been employed to curb this menace in the mobile industry, but the more advanced the service or solution, the more susceptible it is to fraud. This paper therefore presents a survey on the fraud rate of two major services provided by Nigeria’s mobile telecommunication companies over a specified period of time and proffer suitable solutions to reduce fraud in this industry in order to restore the telecommunication subscriber’s confidence in their mobile operators.