Tag Archives: bank

CBN Orders: Banks to publish names, BVN of Forex defaulters

The Central Bank of Nigeria has ordered all banks to publish names of customers who try to break the rules on Forex acquisition on their website.

In a circulate to banks dated Monday, August 30th, the apex bank lamented that it has “received and noted with concern reports of sharp practices by some unscrupulous customers to circumvent the new CBN policy on the sale of forex for overseas personal and business travel”.

Read more

Nigerian Man hacks into bank’s system, made away with N1.87 billion

A Nigerian man Identified as Salau Abdulmalik Femi, 38, has been reportedly arrested by police for allegedly hacking into bank’s system and stole about N1. 868bn.

The reports gathered that he used software to create fake credits to the tune of N1,868,900,000 and paid into the accounts of some bank customers.

Read more