CBN cautions bank customers on use of fake SWIFT messages

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CBN cautions bank customers on use of fake SWIFT messages
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Ms Sidi-Ali said that the CBN had been inundated with claims by some stakeholders about the conclusion of foreign currency transfer to their Nigeria bank accounts.

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The Acting Director of the Corporate Communications Department of the central bank, Hakama Sidi-Ali, gave the advice in a statement on Tuesday in Abuja. “For the avoidance of doubt, we wish to state emphatically that the CBN neither provides correspondent banking services for Nigerian banks in foreign payments nor maintains accounts for private business entities.

She warned that the CBN would not hesitate to report any bank customer making unsubstantiated and illegitimate claims to law enforcement agencies forThe News Agency of Nigeria reports that SWIFT messages are messages sent through the Society for Worldwide Interbank Financial Telecommunication network to facilitate financial transactions between banks and financial institutions.

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