Topic: CBN don don eye 6,047 BVNs for 419 matter (Read 20 times)
The fact is the VBN flagging is like medicine after death, how can the banks involve allowed the fraud to be perpetuated before whitelisting the accounts involved, most of the fraud that happens in Nigeria is all through the banking system and reading through the link I discovered that the fraud that was recorded are those that involve the banks listed under 2021-2022 fiscal year and year under review. But what about the fraud that was targeted at the bank customers, take Wema bank for instance the was a case of massive investment scam amounting to billions of naira, and wema bank was the bank the fake company had a company account with so there is 100% certainty that the bank was well aware of the scam and some top management staffs of the bank all have shared in it. The Nigeria bank does not protect the customers but themselves and of you have fraud case with your account the bank will clearly tell you that its out of their power and will subject you to rigorous procedures that will make you give up on your recovery process.
To a common man na still the traditional bank be the safest place to keep their money. A common man wouldn’t think or diversify his means of savings all because of fear of losing everything to a scammer. If a common man is not indulge in any illegal activity, there’s no cause for alarm to be bothered about the implications that comes with it. The issue here is that the culprits who could be elites will be freed and not charged whereby the common man that indulges in such will be charged accordingly. Whatever the case may be, we should not indulge in illegal activities.
CBN don come out say them don dey investigate accounts way them dey suspect say dey into one or two mago mago for we country. Since CBN bring bvn come for 2014, everybody gats do am to verify their bank account. The BVN really help reduce those ghost worker accounts way government people take dey chop our money. Already CBN put law say any transaction above 5m for individual account make bank report am. But like this, the way e dey go this their regulation go soon start to dey affect the common man, we know as them dey sabi misuse power for here…them go leave the criminals way them suppose pursue come dey harass innocents. Na who nor carry e money comot for traditional bank anything way e see make e take am.
https://punchng.com/cbn-monitors-6047-bvns-over-suspected-fraudulent-transactions/?amp
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