CBN warns bank customers over SMS, ATM frauds

The Central Bank of Nigeria (CBN) has cautioned bank customers over activities of unscrupulous individuals who demand banks details under the pretext of being Customer Care representatives of the regulator.

CBN in its circular noted that bank customers are falling prey to the activities of unscrupulous individuals who demand for the details of their debit (ATM) cards as well as their Personal Identification Numbers (PIN).

According to CBN website, those messages and calls are intended to lure bank account holders to reveal their personal details which the fraudsters could use to defraud them.

“The public is therefore warned, yet again, that neither the Central Bank of Nigeria 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 numbers (PIN).

“Bank customers are therefore advised to personally visit their banks for any issue requiring disclosure of personal bank details,” the circular on CBN website added.