Fraudsters steal over N1 billion through BVN registered for minors – NIBSS Fraudsters exploited vulnerabilities in Nigeria’s banking system to steal over N1 billion through Bank Verification Numbers (BVNs) illegally registered minors. This is according to a new report by the Nigeria Inter-Bank Settlement System (NIBSS) on recent fraud trends in the country. The report highlights a growing trend of financial fraud, with compromised bank officials and agents illegally registering BVNs for minors and using them to open enterprise accounts through which fraudulent transactions were carried out. How the fraud was executed Read More 👇 https://nairametrics.com/2025/02/27/fraudsters-steal-over-n1-billion-through-bvn-registered-for-minors-nibss/