The Central Bank of Nigeria (CBN) has advised customers of Deposit Money Banks to stop responding to unsolicited e-mails and short messages requiring personal information such as account/debit card details.
This is even as the apex bank also released new guidelines for the operation of Non Interest (Islamic) Financial Institution (NIFI) means a bank.
It said it again, “wishes to caution bank customers against falling prey to the activities of unscrupulous individuals who demand for the details of their debit (ATM) cards, as well as their Personal Identification Numbers (PIN), under the pretext of being customer care representatives of the CBN.
In a press statement titled: “Beware of Fraudulent SMS on ATM cards” and signed by Isaac Okorafor, Acting Director, Corporate Communications, CBN, the apex bank said those messages and calls are intended to lure bank account holders to reveal their personal details which the fraudsters could use to defraud them.
“The public is therefore warned, yet again, that neither the Central Bank of Nigeria and deposit money banks nor their employees or agents would ever call bank customers or send e-mail/text messages requesting for passwords, card details or personal identification numbers (PIN).
“Bank customers are therefore advised to personally visit their banks for any issue requiring disclosure of personal bank details,” the statement read in part.
Meanwhile, the bank in the guidelines stated that a Non-interest Micro Finance Bank (NIMFB) may be established by individuals, group of individuals, community development associations, private corporate entities, foreign investors, as well as local and state governments.
“No individual, group of individuals, their proxies or corporate entities and/or their subsidiaries shall own controlling interest in more than one NIMFB, except as approved by the CBN. A bank holding company that intends to set up any categories of MFBs as subsidiaries shall be required to meet the prescribed capital and other requirements stipulated in this guidelines,” it stated.
A NIMFB, according to CBN, shall not engage in any business operation involving any of the following: Riba (interest); uncertainty or ambiguity relating to the subject matter, terms and conditions of a contract; gambling; speculation, such as short selling, and other derivatives not compliant with the principles underpinning the operations of the NIMFBs; unjust enrichment; exploitation/unfair trade practices; dealings in pork, alcohol, intoxicants, arms & ammunition, pornography and; other transactions, products and services which are not compliant with the principles of Islamic commercial jurisprudence.
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