The Central Bank of Nigeria has cautioned bank customers to guard their financial information carefully and avoid sharing sensitive banking details with anyone.
The warning was issued through a message on the bank’s official X (formerly Twitter) page as part of activities commemorating Global Money Week 2026.
According to the apex bank, the advisory became necessary due to the increasing number of fraud and scam cases targeting unsuspecting bank customers.
It urged the public to remain alert and ensure that personal banking details such as Personal Identification Numbers (PINs), passwords and other confidential information are never disclosed.
“Protect Your Money”
The bank emphasised that customers must not reveal such details to anyone, including individuals who claim to be bank officials.
“Protect your money by protecting your information. As we mark Global Money Week 2026, remember: your PINs, passwords and banking details should never be shared with anyone, not even someone claiming to be from your bank. Stay alert. Stay safe,” the statement read.
The CBN noted that protecting personal banking information remains one of the most effective ways individuals can prevent financial fraud.
The warning comes at a time when criminals increasingly pose as representatives of financial institutions to trick customers into revealing sensitive details.
These fraudsters typically reach out to potential victims through phone calls, text messages, emails or social media platforms while pretending to be legitimate bank officials.
Once victims disclose their confidential information, the scammers gain unauthorised access to their accounts and carry out fraudulent transactions.
Caution By Financial Experts
Financial experts have continued to caution that modern scams are becoming more advanced, making public awareness and vigilance critical tools in reducing financial crime.
Global Money Week is an international initiative held annually to promote financial literacy, responsible money management and consumer protection.
The campaign is observed in many countries, including Nigeria, through awareness programmes designed to educate individuals—particularly young people—on sound financial practices.
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Organisers say the initiative also aims to equip people with the knowledge and skills needed to make informed financial decisions while protecting themselves from fraud and financial exploitation.