The Central Bank of Nigeria (CBN) has warned bank customers to safeguard their financial information by never sharing their Personal Identification Numbers (PINs), passwords, or other sensitive banking details with anyone.
The apex bank issued the advisory in a message posted on its official ๐ (formerly Twitter) account as part of activities marking the global observance of Global Money Week 2026.
According to the CBN, the warning became necessary due to the increasing cases of fraud and scams targeting unsuspecting banking customers.
The bank urged Nigerians to remain vigilant and ensure their banking information remains strictly confidential at all times.
โProtect 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,โ the apex bank stated.
The CBN emphasised that safeguarding personal banking information remains one of the most effective ways to prevent financial fraud.
The advisory comes amid rising cases where criminals impersonate bank officials in order to obtain sensitive financial information from customers.
Fraudsters often reach out to victims through phone calls, text messages, emails, or social media platforms while falsely presenting themselves as representatives of financial institutions.
Once victims disclose their confidential banking details, the criminals can gain unauthorised access to their accounts and carry out fraudulent transactions.
Financial experts have warned that such scams are becoming increasingly sophisticated, making public awareness a critical tool in combating financial crime.
Global Money Week is an annual international campaign designed to promote financial literacy, responsible money management, and consumer protection.
The campaign is observed in many countries around the world, including Nigeria, through awareness programmes aimed at educating individuals; especially young people, about safe financial practices.
Organisers say the initiative also seeks to equip people with the knowledge and skills needed to make informed financial decisions while protecting themselves from fraud and exploitation.
