Global Money Week: Never share your passwords, PINs, CBN tells customers
The Central Bank of Nigeria warns banking customers during Global Money Week 2026 to protect their financial information by not sharing passwords or PINs, citing rising fraud cases.
As Global Money Week 2026 is observed worldwide, the Central Bank of Nigeria (CBN) has issued a crucial reminder to banking customers about the importance of safeguarding their financial information. The bank strongly advises customers against sharing sensitive details such as passwords and Personal Identification Numbers (PINs), even with individuals who claim to be bank officials. This warning is particularly relevant given the increasing incidents of fraud targeting unsuspecting customers through impersonation tactics.
In its message, CBN emphasised the need for vigilance and awareness among bank customers. Fraudsters often use various methods, such as phone calls, text messages, or emails, to impersonate bank representatives, attempting to extract personal banking information from individuals. The CBN's cautionary advice aims to help customers avoid potential financial losses that could arise from such deceptive practices.
By issuing this warning during Global Money Week, the CBN reinforces its commitment to promoting financial literacy and security. Encouraging customers to be cautious and to prioritise the protection of their sensitive information is a significant part of ensuring overall financial safety, especially as the financial landscape continues to evolve with increasing digital interactions and potential risks.