CBN Urges Customers to Protect Financial Information

In observance of Global Money Week 2026, the Central Bank of Nigeria (CBN) has issued a warning to bank customers regarding the sharing of sensitive financial information, specifically passwords and PINs. This advisory comes in response to an increase in fraud cases targeting unsuspecting bank customers.

The CBN highlighted that even individuals claiming to be bank officials should not be trusted with personal banking information. The apex bank emphasized the need for customers to remain vigilant against fraudsters who often impersonate bank officials through phone calls, text messages, and emails to trick customers into revealing sensitive data.

The CBN's aim is to reduce financial losses and promote awareness, encouraging Nigerians to adopt safe banking practices both online and offline. Customers are advised to regularly monitor their accounts and use official bank channels to report any suspicious activities immediately, which is crucial for protecting their finances.