CBN orders banks to publish names and BVN of forex defaulters

The Central Bank of Nigeria has directed all commercial banks to publish on their websites the names and Bank Verification Numbers of customers who engage in fraudulent practices to obtain foreign exchange from banks.

The apex bank issued the directive in a circular signed by its Director in the Banking Supervision Department, Haruna Mustafa.

Mustafa outlined the fraudulent practices to include the use of fake visas and cancellation of air tickets after purchase of Personal Travel Allowance and Business Travel Allowance.


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