The Central Bank of Nigeria has warned Nigerians against refusing to return money mistakenly transferred into their bank accounts, stating that such actions could attract between five and 10 years’ imprisonment, SAVANNAH NEWSNOW REPORTS.
The apex bank issued the warning on Thursday as part of efforts to promote responsible banking practices and protect customers from financial fraud.
The CBN also cautioned bank customers against sharing their personal and banking details with fraudsters, urging them to remain vigilant when handling sensitive financial information.
The bank’s warning underscores the importance of promptly reporting mistaken transactions and ensuring that funds received in error are returned to their rightful owners through appropriate banking procedures.
It also serves as a reminder to Nigerians to safeguard their account details, including passwords, PINs and other confidential information, to avoid falling victim to fraudulent schemes.
The CBN urged bank customers to exercise caution in their financial dealings and adopt safer banking practices to protect their funds.
