CBN Cautions Account Holders As BVN Deadline Elapses

CBN Cautions Account Holders As BVN Deadline Elapses

The Central Bank of Nigeria (CBN) has urged bank customers to be wary of individuals alerting them on the deactivation of their bank accounts due to uncompleted Bank Verification Number (BVN).

Ibrahim Mu’ azu, Director, Corporate Communications of the CBN released the statement via the apex bank’s website.

Mu'azu revealed that some scammers are sending messages to bank customers indicating their account have been deactivated due to the BVN deadline to fleece innocent Nigerians.

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''The Central Bank of Nigeria wishes to warn individuals and the general public that those messages are intended to lure bank account holders to reveal their personal details with which the fraudsters could use to defraud them,’’ the statement reads.

The statement warned the public that neither the CBN and deposit money banks nor their employees or agents would ever call bank customers or send e-mail/text messages requesting for passwords, card details or Personal Identification Number (PIN).

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CBN, however, advised bank customers to personally visit their banks for any issue requiring disclosure of personal bank details.

As the deadline for enrollment for BVN elapses the CBN revealed that 32 million active bank accounts are yet to have BVN.

BVN is a centralised biometric meant to  address issues of identity theft and fraud. The deadline was initially slated for June 30 but was extended to October 31 to facilitate a smooth completion of the registration exercise.

The extension was to also give Nigerian bank customers in the diaspora ample time to enroll.


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