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CBN Warns Nigerians Against Rising Online Fraud Schemes

Dunji Precious by Dunji Precious
April 22, 2026
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The Central Bank of Nigeria (CBN) has cautioned Nigerians over the growing circulation of fraudulent messages and online communications falsely claiming to originate from the Bank.

In a statement issued on Tuesday and signed by its Acting Director of Corporate Communications, Hakama Sidi-Ali, the apex bank said it had observed a surge in deceptive emails, text messages and online posts aimed at misleading the public and gaining access to personal information.

According to the CBN, such messages often contain malicious links designed to trick recipients into compromising their personal accounts. The Bank noted that the communications also spread false claims about its leadership, licensing processes and policy decisions.

“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 read.

The CBN urged Nigerians to exercise caution by avoiding suspicious links and unverified websites, stressing the importance of safeguarding personal and financial information.

It advised the public to verify any information relating to the Bank through its official website or credible media platforms, describing this as the most reliable means of confirming authentic communications.

The apex bank also called on citizens to report any suspected fraudulent messages, emails or websites to law enforcement agencies for prompt investigation and action.

The CBN added that it is strengthening its cybersecurity infrastructure in collaboration with relevant agencies to protect the financial system and shield the public from digital fraud.

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