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Tag Archives: NIBSS

From about 83.2m individual bank accounts, only 29.9m captured in BVN—NIBSS

BVN live

Indications have emerged that more is still needed to be done in creating awareness for the mandatory Bank Verification Numbers (BVN) exercise. This stemmed from the latest revelation of the Managing Director of Nigerian Inter Bank Settlement Services (NIBSS), Adebisi Shonubi, who disclosed that out of about 83.2 million individual bank accounts, 29.89 million customers have successfully registered their BVN. ...

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Hacking kingpins designing ransomware to hit N3.5tn trapped by BVN in banks

Cyber attacker

Indications have emerged revealing that Nigerian cyber criminals are now working day and night with their international hacking kingpins on a tailored ransomware attack that will hack into commercial banks and cause disruptions that will provide a window for them to transfer the over N3.5tn trapped since the expiration of Bank Verification Number (BVN). Deadline for the BVN had ended ...

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CBN, Police working to set up ePayment crime unit to track cybercriminals

CBN and Police

The Central Bank of Nigeria (CBN) has revealed fresh plans to collaborate with the Nigeria Police in setting up a new unit called ePayment and crime unit. The unit will be structured to trail and track online fraud activities and make arrests even before the criminals will be able to get into the systems. This was the submissions of the ...

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