{"id":61973,"date":"2025-03-02T04:33:01","date_gmt":"2025-03-02T04:33:01","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=61973"},"modified":"2025-03-02T04:33:01","modified_gmt":"2025-03-02T04:33:01","slug":"fraudsters-steal-n329m-using-fake-bvns-nibss","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/03\/02\/fraudsters-steal-n329m-using-fake-bvns-nibss\/","title":{"rendered":"Fraudsters Steal N329m Using Fake BVNs -NIBSS"},"content":{"rendered":"<p>By Ade Iyamoye<\/p>\n<p>Fraudsters have stolen N329 million by using static images to register fake Bank Verification Numbers (BVNs), a new report by the Nigeria Inter-Bank Settlement System (NIBSS), has revealed.<\/p>\n<p>Corrupt BVN enrollment agents allegedly facilitated the scam, allowing fake accounts to be opened across microfinance banks, mobile money operators, and payment service banks.<\/p>\n<p>The fraudulent accounts processed transactions worth millions just days after creation.<\/p>\n<p>Authorities have since deleted several fake BVNs, while those involved have been reported for arrest and prosecution.<\/p>\n<p>Meanwhile, financial fraud in Nigeria has surged, with total losses hitting N52.26 billion in 2024\u2014a 350% increase from 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Ade Iyamoye Fraudsters have stolen N329 million by using static images to register fake Bank Verification Numbers (BVNs), a new report by the Nigeria Inter-Bank Settlement System (NIBSS), has revealed. Corrupt BVN enrollment agents allegedly facilitated the scam, allowing fake accounts to be opened across microfinance banks, mobile money operators, and payment service banks. [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":61974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[181],"tags":[59],"class_list":["post-61973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crime","tag-featured"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/61973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=61973"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/61973\/revisions"}],"predecessor-version":[{"id":61975,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/61973\/revisions\/61975"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/61974"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=61973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=61973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=61973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}