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Home Finance Banking

CBN Warns Nigerians of Rising Cyber Fraud, Urges Vigilance Against Fake Messages

Victoria Emeto by Victoria Emeto
April 22, 2026
in Banking, Finance
0

The Central Bank of Nigeria (CBN) has alerted Nigerians to a surge in cyber fraud attempts involving fake messages and online scams falsely linked to the apex bank.

In an advisory issued on April 21, 2026, the bank’s spokesperson, Hakama Sidi Ali, said fraudsters are circulating deceptive emails, text messages and digital content designed to appear as official communications from the CBN.

According to the bank, the messages often contain false claims relating to its leadership, licensing processes and policy decisions, with the aim of luring recipients into clicking malicious links or disclosing sensitive financial information.

The CBN emphasised that it does not request personal or financial information through unofficial channels and urged members of the public to treat such messages as fraudulent.

It also reiterated that its official digital platform remains its website, www.cbn.gov.ng, while formal announcements are made through recognised and credible media outlets.

The bank said it is strengthening its cybersecurity systems in collaboration with law enforcement and other relevant agencies to detect and counter emerging threats.

According to the CBN, the initiative forms part of efforts to protect Nigeria’s financial system as digital banking and electronic transactions continue to expand.

The apex bank advised Nigerians to avoid clicking suspicious links, refrain from sharing confidential financial details online, and promptly report any questionable messages, emails or websites to the appropriate authorities.

It added that public vigilance is crucial in tackling cybercrime and protecting the integrity of the country’s financial ecosystem.

Industry analysts say the advisory reflects a growing recognition of cybersecurity as a key component of financial sector stability.

They note that as financial services become more digital and interconnected, proactive monitoring and public awareness campaigns are essential to prevent fraud and maintain trust in the banking system.

The CBN said the continued cooperation of financial institutions, regulators and the public will remain vital in safeguarding digital transactions and strengthening Nigeria’s financial security.

Tags: #BankingSector#CBN#CyberSecurity#FinancialSafety
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