Nigerian Banks to Establish Temporary Watchlist for BVNs Implicated in Suspected Fraud

Nigerian banks are set to implement a temporary watchlist for Bank Verification Numbers (BVNs) suspected of involvement in fraudulent activities, allowing for a 24-hour period to contact owners for clarification.

13 Mar, 12:47 — 13 Mar, 12:47

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vanguard-ngMixed174d ago

Banks to establish temporary watchlist for BVNs implicated in suspected fraud

“A BVN may remain on this temporary Watchlist for a maximum period of twenty-four (24) hours, during this period, the BVN owner shall be contacted to provide clarification regarding the identified transaction(s).” The post Banks to establish temporary watchlist for BVNs implicated in suspected fraud appeared first on Vanguard News.

By Henry Oduah

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Nigerian Banks to Establish Temporary Watchlist for BVNs Implicated in Suspected Fraud

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Banks to establish temporary watchlist for BVNs implicated in suspected fraud

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