Due to cybercrime, the CBN has placed 7,552 BVN accounts under careful scrutiny

According to the Central Bank of Nigeria (CBN), 7,552 BVN-linked accounts have been placed under severe supervision due to cybercrime concerns.Musa Jimoh, CBN's Director of Payment Systems Management, said this at the 34th seminar for finance correspondents and business editors, "Implementing a Robust Payment Architecture: Prospects, Opportunities, and Challenges," held in Calabar, Cross Rivers state. This was confirmed by the Director, Risk Management Department and Chief Risk Officer, CBN, Blaise Ijebor, during the Prembly Compliance Breakfast Dialogue held last month. Ijebor revealed cybercriminals had exploited three loopholes in the banking sector to commit finance-related crimes.