Why CBN placed 6,047 BNVs under watch, 11,871 others as deceased

• Nigeria’s apex bank, the Central Bank of Nigeria has listed about 6,047 BVNs as being under watch
• The bank said the BVNs are under scrutiny for fraudulent transactions of various types
• Also, CBN said about 11,871 BVNs have watch-listed as belonging to deceased persons

About 6,047 Bank Verification Numbers of bank customers have been placed under scrutiny by the Central Bank of Nigeria for fraudulent transactions.

The CBN stated this in its Financial Stability June 2022 report released in December 2022.

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