At least 6,047 Bank Verification Numbers of bank customers have been placed under the Central Bank of Nigeria watch list for fraudulent transactions.
This was contained in the CBN Financial Stability June 2022 report published in December 2022.
The report also noted that 11,871 BVNs have been watch-listed as deceased persons this year.
The report disclosed that the apex bank conducted an assessment of 28 banks and the Nigerian Interbank Settlement System to ascertain compliance with the Regulatory Framework for BVN Operations and Watch-List for the Nigerian Banking Industry in the review period.
It noted that the assessment revealed some infractions and regulatory actions were taken.
The report further noted that there were 2.72 million enrolled in the first half of this year, bringing the total number of enrolled BVNs to 54.65 million.
In the report, it was also stated that the number of BVN-linked accounts was 130.57 million out of 148.46 million active accounts.
