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Central Bank of Nigeria Places 7,552 On Watchlist For Fraud.

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The Central Bank of Nigeria (CBN) has placed 7,552 Bank Verification Numbers (BVN) on its watchlist for fraudulent transactions, even as the Central Bank Digital Currency (CBDC) known as eNaira, has recorded 1.4 million transactions to date, translating to 100 per cent increase compared to 700,000 transactions in November 2022.

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Similarly, Nigeria is moving towards cardless and other contactless payment options, including QR Codes, NFC, among others for seamless financial transactions in the country.

Speaking at the 34th Finance Correspondents and Business Editors seminar in Calabar, Cross River State yesterday, themed “Implementing a Robust Payment Architecture Prospects, Opportunities and Challenges”, the governor of the CBN, Godwin Emefiele said, the Nigeria payment system landscape has particularly continued to record significant changes and development.

Also Read: CBN Urges Nigerians To Embrace eNaira Transactions,Says It Will Help To Tackle Financial Crimes.

Represented by the director of Monetary Policy, Dr Hassan Mahmud, Emefiele stated that, since its launch, the apex bank has continued to modify the features of eNaira to make it more accessible to a wide range of users.

“Today, one does not need a smartphone to use the eNaira as it has become compatible with all generations of mobile devices (old and new). Till date, over 1.4 million transactions have passed through the eNaira platform,” he added.


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