Nigeria: BVN - Banking Fraud Drops By N4 Billion

9 February 2016

Lagos — The introduction of the Bank Verification Number (BVN) in May has started bearing fruits in more than one way as the Central Bank of Nigeria has disclosed that the value of fraud in the financial sector dropped by N4 billion in 2015.

This was disclosed by the Director, Banking and Payments System Department, Dipo Fatokun, yesterday at the ongoing 21st seminar for finance correspondents and business editors in Ibadan.

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