Legit.ng on MSN11d
NIBSS report reveals how fraudsters stole N329 million using fake BVN images
A new report by the Nigeria Inter-Bank Settlement System (NIBSS) has revealed that enrolment agents created still images for ...
Okay.ng14d
Banks and Fintechs Under Fire: NIBSS Alleges Blatant Disregard for Withdrawal Limits, Fueling Fraud Surge
Banks and fintechs face accusations of ignoring CBN withdrawal limits, leading to a dramatic fraud surge, NIBSS reports.
Okay.ng11d
Fraudsters Defraud BVN Users, Steals N329m Using Fake Identities
A new report by the Nigeria Inter-Bank Settlement System (NIBSS) has revealed a shocking fraud scheme in which criminals ...
Daily Post Nigeria2d
PalmPay partners with AfriGO to advance Nigeria’s financial inclusion, digital economy
PalmPay and AfriGO have announced a strategic partnership. This collaboration aims to redefine the payment landscape by ...
Nairametrics15d
Nigeria’s financial sector suffers N52.26 billion loss to fraud in 2024 – NIBSS report
Financial institutions in Nigeria lost N52.26 billion to fraud in 2024 according to the latest report by the Nigeria ...
Business Day1d
PalmPay, AfriGO’s 5 million contactless cards to simplify payment
PalmPay and AfriGO have announced a strategic partnership that aims to deploy over 5 million AfriGO cards to Nigerians.In a ...
Biometric Update10d
Lack of liveness detection costs Nigeria’s financial institutions millions in fraud
These incidents evoke the need for liveness detection systems to secure biometric identity verification by banks and ...
Legit.ng14d
EFCC Takes Action as Fraudsters Steal N52.26 Billion From Nigerian Banks
A N52 billion fraud loss by Nigerian banks in 2024, despite ongoing attempts to strengthen security systems, underscores the ...
Nairametrics14d
Fraudsters steal over N1 billion through BVN registered for minors – NIBSS
Fraudsters exploited vulnerabilities in Nigeria’s banking system to steal over N1 billion through Bank Verification Numbers (BVNs) illegally registered minors.
The Whistler9d
Data From NIBSS, NIMC To Be Used For Digital Infrastructure Project- FG
The federal government will harvest data of Nigerians on the Nigerian Interbank SettlementSystem (NIBBS), National Identity ...
The Punch on MSN11d
Fraudsters steal N329m using images for BVN enrolment
The fraudulent scheme enabled transactions involving the N329m just days after the BVNs were generated and the fake accounts ...
Gistmania11d
Fraudsters Exploit BVN Loophole, Steal ₦329m Using Static Images
A syndicate of fraudsters has successfully stolen ₦329 million by using static images to register Bank Verification Numbers ...