Akwa Ibom State Police Command on Friday, urged bank customers in the State to be cautious of unknown individuals alerting them on the deactivation of their bank accounts due to incomplete registration for Bank Verification Number.
This is contained in a statement by the State Police Public Relations' Officer (PPRO) Cordelia Nwawe and made available to the reporter.
Nwawe, an Assistant Superintendent of Police (ASP), gave example of the message as:
"Dear customers, due to the new BVN policy of the CBN your account have been deactivated and to reactivate call…."
The Police image-maker in Akwa Ibom used the opportunity to warn individuals and the general public that those messages are intended to lure bank account holders to reveal their personal details with which the fraudsters could use to defraud them.
Another message format: Dear Customer,Due to the BVN validation in compliance with CBN bank directives, your ATM card has been De_activated pls call our help line on 08034295704 now!!
ASP Nwawe warned the public that neither the bank nor their employees or agents would ever call bank customers or send e-mail/text messages requesting for passwords, card details or Personal Identification Number.
She however, advised bank customers to personally visit their banks for any issue requiring disclosure of personal bank details.
What is Bank Verification Number
The Bank Verification Number commonly called BVN is a biometric identification system implemented by the Central Bank of Nigeria to curb or reduce illegal banking transactions in Nigeria.
It is a modern security measure in line with the Central Bank of Nigeria Decree or reduce fraud in the Nigerian banking system.
The system works by recording fingerprints and a facial photograph of the client.
Issues arose where fraudsters attempted to use the launch of the system to phish for customers' bank details.
By Henshaw NYONG/thekillerpunch.com