Fraudsters Target 63.7 Million Banks Accounts, E-Payment Channels


Fraudsters have continued to get unauthorised access to bank accounts and other electronic payments platforms .

Statistics from the Nigeria Inter Bank Settlement Scheme (NIBSS) indicate there are 93 million bank accounts in the country with 63.7 million of them being active. As at September 2016, operators of current accounts in the country stood at 25.4 million, with savings account having 65.4 million holders while there were 2.48 million other accounts users in the country.

The Guardian learnt that the introduction of the Bank Verification Number (BVN) by the Central Bank of Nigeria (CBN) in collaboration with the banks in 2015 showed that there are about 28 million unique identity accounts in the country.

With cybercriminals on the prowl, The Guardian checks showed that customers of some top commercial banks in the country are currently being bombarded with suspicious phishing mails targeted at their daily Internet banking transactions.

It was learnt through a cyber security expert, who preferred anonymity, that some of these attackers (fraudsters) are based in the United States, United Kingdom, UAE, Russia and South Africa among others, trying to break into accounts in Nigeria because of the open Internet gateway.

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