• CBN to place fraudulent bank customers on watch-list

    CBN to place fraudulent bank customers on watch-list

    The Central Bank of Nigeria (CBN) yesterday said it is working out regulatory framework that would enable it to either blacklist fraudulent bank customers, or at least, place them on watch-list across the banking industry.

    CBN Director, Banking and Payment Systems Department, ‘Dipo Fatokun who disclosed this at the Finance Correspondents Association of Nigeria (FICAN) Bi-Monthly Forum hosted by the apex bank in Lagos, said such feat can only be achieved with the help of the Bank Verification Number (BVN).

    He explained […]