CBN: 7,552 BVNs on Watchlist for Fraud-Related Transactions

Speaking at the 34th Finance Correspondents and Business Editors’ seminar in Calabar, Cross River State, where stakeholders converged to discuss the theme: “Implementing a Robust Payment Architecture: Prospects, Opportunities and Challenges,” the Director, of Payment Systems Management, CBN, Musa Jimoh disclosed that the centralisation of the BVN has enabled the CBN to track fraudulent individuals and entities who have engaged in forgery, compromise, complicity, fraudulent duplicate enrolment and any fraudulent infraction with and without monetary value.