Written by Sarah NEGEDU

Scam alert: CBN cautions customers on BVN messages

The Central Bank of Nigeria has advised bank customers to be wary of fraudsters who trick people into releasing their bank details through fraudulent messages purportedly asking them to complete their Bank Verification Number, BVN registration process to avoid the deactivation of their accounts.

CBN said the warning has become necessary following series of complaints from bank customers over unsolicited mails and text messages alerting customers of possible deactivation or suspension of their bank accounts due to a supposed uncompleted BVN registration.

Issuing the warning, CBN Director, Corporate Communication, Ibrahim Mu’azu, cautioned bank customers against revealing their personal details with which the fraudsters intend to defraud them.

Mu’azu, in a statement called on customers to beware of messages, “alerting them to deactivate or suspend their bank accounts due to uncompleted Bank Verification Number, BVN registration process.

The statement further recalled an earlier warning in November when it reiterated that neither the CBN nor commercial banks would request customers to provide their passwords, card details or personal identification number, PIN.

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


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