CBN Raises Alarm Over Fake Messages, Cyber Hack Attempts on Nigerians’ Accounts

CBN Warns Nigerians Over Fake Messages, Rising Cyber Hack Attempts on Bank Accounts

The Central Bank of Nigeria (CBN) has issued a fresh alert to Nigerians over increasing cyber hack attempts targeting personal and bank accounts through fraudulent messages and emails falsely claiming to originate from the apex bank.

In a statement signed by its Acting Director of Corporate Communications, Hakama Sidi Ali, the regulator said it had identified a surge in phishing attacks designed to deceive members of the public and gain access to sensitive personal information.

According to the CBN, the fraudulent communications—circulating via emails, SMS, and online platforms—often contain misleading claims about the bank’s leadership, licensing activities, and policy decisions, while prompting recipients to click on suspicious links.

The apex bank warned that such messages are crafted to trick unsuspecting users into revealing confidential details such as banking credentials, passwords, and verification codes, which can then be used to compromise accounts.

“The official website of the Central Bank of Nigeria remains www.cbn.gov.ng. Members of the public are strongly advised to refrain from clicking links or sharing personal information on suspicious websites,” the statement said.

The CBN urged Nigerians to always verify the authenticity of any communication purportedly from the bank through its official website and recognised media platforms, stressing that it does not request sensitive information via unsolicited messages.

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It also advised the public to report any suspected fraudulent emails, websites, or messages to law enforcement agencies and relevant authorities for prompt action.

The warning comes amid a broader rise in cybersecurity threats in Nigeria’s financial sector, as increased digital banking adoption continues to attract cybercriminal activity.

In response, the CBN said it is strengthening its cybersecurity frameworks in collaboration with financial institutions, law enforcement agencies, and other regulators to safeguard the integrity of the financial system.

Recent developments have heightened concerns over digital vulnerabilities. On April 15, the Corporate Affairs Commission (CAC) confirmed a cyberattack on its information systems, raising alarms about data security within critical government platforms.

Similarly, the Nigeria Data Protection Commission (NDPC) recently launched an investigation into an alleged data breach involving Remita Payment Services Limited and Sterling Bank, alongside other entities.

Experts say these incidents highlight the urgent need for stronger digital protection measures, as cybercriminals increasingly exploit weak security practices and user vulnerabilities.

The CBN reiterated its commitment to protecting Nigerians’ financial data and urged individuals and organisations to remain vigilant, adopt secure online practices, and promptly report suspicious activities to prevent financial losses.

CBN Raises Alarm Over Fake Messages, Cyber Hack Attempts on Nigerians’ Accounts