CBN Warns Customers to Protect PINs and Passwords

The Central Bank of Nigeria (CBN) has made a fresh announcement urging bank customers to safeguard their personal identification numbers (PINs) and passwords. This advisory comes in light of an increase in fraud cases where criminals impersonate bank officials to obtain sensitive financial information.

The CBN emphasized the importance of keeping bank details confidential and not disclosing sensitive financial information, even to individuals claiming to represent the bank. The warning was disseminated via the CBN's official social media channels as part of the global observance of Global Money Week 2026, which aims to promote financial literacy and responsible money management.

The CBN's advisory highlights the need for vigilance among customers to protect themselves against sophisticated scams that often occur through phone calls, text messages, emails, and social media platforms. Financial experts have reiterated the importance of public awareness as a critical tool in combating financial crime.