Babatunde Olofin, Managing Director of Moniepoint Microfinance Bank, has cautioned Nigerians against sharing their account numbers publicly, especially during the festive season, to avoid falling victim to cyber fraud.
Moniepoint MD urged people to remain vigilant stating that,“Peopledon’t love you as much to be giving you giveaways. So, you shouldknow that they are harvesting your details. Your bank account is aprivate detail.”
Babatunde emphasized the importance of cyber security awareness, warning that sharing account numbers publicly could lead to involvement in criminal activities and imprisonment. He noted that fraudsters often exploit public information to commit financial crimes, with unsuspecting individuals bearing the consequences.
He said,“My biggest advice is for people to stop sharing their account numbers in public. Some people are in prison because they had no idea what someone used their accounts for.”
Babatunde highlighted that in some cases, scammers steal people’s identities and use their accounts for illegal activities like money laundering which can lead to serious legal problems for the victims.
Additionally, Babatunde revealed that moniepoint is working with organizations like NFIU and EFCC to stop fraud and the bank also has a special team that monitors and prevents suspicious transactions.
“We’ve built up a transaction monitoring and money laundering team that has set rules internally,” he said.
