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BVN: Beware of Fraudsters, CBN Governor, Emefiele Warns Bank Customers

The Central Bank of Nigeria on Friday warned customers of Deposit Money Banks to beware of unsolicited messages from unauthorised sources alerting them to the deactivation of their bank accounts due to uncompleted Bank Verification Number registration process.

The CBN, in a statement issued in Abuja, said the intention of these messages was to lure bank account holders into revealing their personal details which fraudsters could use to defraud them.

According to the statement, neither the central bank nor DMBs would ever call bank customers or send emails/text messages requesting passwords, card details or personal identification number.

The statement read in part, “It has come to the notice of the CBN that certain unscrupulous individuals have been sending unsolicited mails and text messages to unsuspecting bank customers, alerting them to the deactivation or suspension of their bank accounts due to uncompleted BVN registration process.

“The CBN wishes to warn individuals and the general public that those messages are intended to lure bank account holders to reveal their personal details which the fraudsters could use to defraud them.”

The statement advised bank customers to personally visit their banks on any issue requiring disclosure of personal bank details.

Culled from Punch

The BVN registration, which was introduced by the CBN on February 14, 2014, is expected to end on October 31, 2015 across the country.

As of Thursday, figures from the Nigeria Inter-Bank Settlement System Plc, showed that about 20,833,635 bank customers have so far enrolled.

It said given the tradition of holding multiple accounts by an average Nigerian, the total number of accounts that may have been enrolled during the period could be estimated at two or three per account holder.

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