At least 6,047 Bank Verification Numbers of bank customers have been placed under the Central Bank of Nigeria watch list for fraudulent transactions, The PUNCH has learnt.
Other successful and unsuccessful fraud attempts fell under the following categories: cash theft/ suppression/pilferage/dry posting, among others.
“This would directly impact customer’s faith in the entire system and could significantly impact our financial inclusion drive as well as the CBN cashless policy.” He also disclosed that as electronic payments continued to gain traction, while fraudulent transactions in 2022 reduced by 35 per cent compared to last year.
“In terms of percentage, it is between 30 to 35 per cent decline in incidences of fraud. Remember, there are attempts and they are successful ones. The number of attempts is high, which means that they have been attempting but they are not successful and some are successful and so money was taken away.
He also noted that certain measures should be in place in the banking system that would not provide an opportunity for fraud.
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