Fraudsters are exploiting loopholes in Nigeria’s banking system, using Bank Verification Numbers (BVNs) illegally registered for minors to steal over N1 billion, according to a recent report by the Nigeria Inter-Bank Settlement System (NIBSS). The report reveals a disturbing rise in financial fraud, with corrupt bank officials and agents illegally enrolling minors for BVNs and … Continue reading NIBSS Reports Over N1 Billion Fraud Using BVNs Registered For Minors