BVN and fraud


Right from the time BVN came into existence, we've been hearing anyone with your BVN number can cart all your money away and I've tried educating people and it's actually frustrating.
To reconfirm my position, I just got off the phone from a very dear friend who is a banker.


The worse that could happen when people have access to your BVN is to know your details (name, DOB, phone number, etc), listen, they can not transfer your money with it. The best they could do is to call you and ask you for your ATM details and if you fall for that, that's when your money would be gone. That scam is no longer a new tale. We should all know by now that no staff of your bank would call asking for debit card details.


BVN number is just for identification and a source for your information in the national database. Developed Nations have such database as well.


Forget about the broadcasts causing panic about BVN. If you are still not convinced, go to your bank and reconfirm.




Thanks and bye.


Kindly share to enlighten people.

1. Any bank that allows you to change your token by confirming your BVN, means exposure of your BVN can lead to the person that has access to it accessing your money.
2. This information provided in this thread doesn't mean that we should be careless, any bank detail aside from bank account name and number should be kept secret.