CBN Urges Customers to Beware of BVN Fraudsters

CBN Urges Customers to Beware of BVN Fraudsters

CBN Urges Customers to Beware of BVN Fraudsters

The Central Bank of Nigeria, CBN, has cautioned customers mostly bank users to beware of fraudsters who have been asking them for information online.

The warning came on the heels of repeated complaints from bank customers over unsolicited mails and text messages, alerting them to the deactivation or suspension of their bank accounts due to uncompleted Bank Verification Number (BVN) registration process.

While issuing the warning in Abuja on Wednesday, December, the Bank’s spokesperson, Mr. Ibrahim Mu’azu, cautioned individuals against revealing their personal details with which the fraudsters intend to defraud them.

Recalling the statement earlier issued by the Bank in November 2015, Mr. Mu’azu reiterated

that neither the CBN nor deposit money banks money banks would request bank customers to provide their passwords, card details or personal identification number (PIN)


He therefore urged bank customers to approach their respective banks on any issue bordering on the disclosure of personal bank details.

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