CBN Warns Nigerians Over Fraudulent Links Targeting Bank Accounts

Central Bank of Nigeria has issued a fresh warning to the public over the circulation of fraudulent messages and links designed to compromise personal bank accounts.

The apex bank, in a statement signed by its Acting Director of Corporate Communications, Hakama Sidi Ali, said cybercriminals are increasingly impersonating the institution through emails and online messages to deceive unsuspecting individuals.

“These fraudulent messages, which prompt recipients to click links, peddle false information about the Bank’s leadership, licensing, and policy issues, and are intended to hack personal accounts,” the statement noted.

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The warning comes amid rising cybersecurity concerns in Nigeria, particularly following a recent disruption at the Corporate Affairs Commission, which temporarily shut down its online portal after detecting a cyber threat. Reports indicated that millions of sensitive documents may have been exposed, prompting an investigation by the Nigeria Data Protection Commission.

The CBN urged Nigerians to rely only on verified communication channels, stressing that its official website remains the primary source of authentic information. It also advised the public to avoid clicking on suspicious links or sharing sensitive data online.

The development highlights growing risks associated with digital financial systems, particularly as Nigeria advances toward open banking and increased financial inclusion. The CBN had previously directed banks and fintech firms to strengthen their cybersecurity frameworks in anticipation of evolving threats.

Global data also underscores the scale of the challenge. A report by the Federal Bureau of Investigation revealed that cybercrime involving artificial intelligence accounted for losses exceeding $893 million, with complaints reported across more than 200 countries.

For Nigeria, which ranked among the top countries affected by cybercrime incidents, the warning signals the need for heightened vigilance among individuals and institutions alike. The apex bank reiterated its commitment to safeguarding the financial system while encouraging proactive reporting of suspicious activities.

Analysts say continued awareness campaigns and stronger regulatory oversight will be essential in mitigating risks as digital transactions become more widespread across the economy.