ABUJA: The Central Bank of Nigeria (CBN) has cautioned bank customers to protect their financial information by refusing to share sensitive banking details such as passwords, PINs, and account credentials with anyone.
The warning comes amid increasing cases of fraud and cyber scams targeting unsuspecting banking customers across Nigeria.
In a message posted on its official X (formerly Twitter) account, the apex bank stressed that customers must remain vigilant and avoid disclosing confidential information, even to individuals claiming to represent their banks.
According to the bank, protecting personal financial data is one of the most effective ways customers can safeguard their funds from fraudsters.
“Protect your money by protecting your information. As we mark Global Money Week 2026, remember: your PINs, passwords, and banking details should never be shared with anyone, not even someone claiming to be from your bank. Stay alert. Stay safe,” the bank stated.
The Central Bank of Nigeria noted that criminals often impersonate bank officials through phone calls, text messages, or emails in an attempt to trick customers into revealing confidential banking details.
Such fraudulent tactics have become increasingly sophisticated, with scammers exploiting digital platforms and social engineering methods to deceive victims.
Financial regulators say sharing sensitive details like PINs, card numbers, and online banking passwords could allow fraudsters to gain full access to customers’ accounts, leading to financial losses.
Beyond the warning, the apex bank encouraged customers to adopt safe banking habits, including regularly monitoring account transactions, using only official banking channels for communication, and promptly reporting any suspicious activities to their banks.
The advisory forms part of activities marking Global Money Week, an annual international campaign designed to promote financial literacy, responsible money management, and consumer protection among individuals, particularly young people.
Observed in countries around the world, the campaign focuses on educating citizens about making informed financial decisions while also encouraging the adoption of secure banking practices.
By issuing the advisory, the Central Bank of Nigeria aims to increase awareness among Nigerians about financial security and reduce the growing risk of fraud in the country’s banking system.
