The number of account holders placed on the bank verification number (BVN) watch list for fraud-related activities jumped 25 per cent to 7,552 in about nine months, underpinning the rising level of fraud in the financial system.
The Central Bank of Nigeira (CBN) has placed 7,552 Bank Verification Numbers (BVN) on its watchlist for fraudulent transactions, even as the Central Bank
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The figure was 6,045 as of June 2014, according to the Central Bank of Nigeria (CBN). However, the number increased by 1,505 in less than a year to reach 7,552.
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