The Nigeria Deposit Insurance Corporation (NDIC) has come up with an advisory to protect innocent customers and the public from getting scammed by fraudsters who they say are getting more creative and daring. The NDIC in its official website on Friday gave out the four tips for bank customers to safeguard their accounts.

The first tip is that bank customers should avoid displaying their bank details in front of friends and strangers.

The second is  that customers should ensure that their phones had passwords and they must not share their bank mobile application password with anyone.

Thirdly, NDIC also warned bank customers to ensure that their tokens were secured and other parties do not have access to it.

Finally, NDIC also urged customers to ensure that their debit card numbers and Card Verification Value (CVV) were not exposed to people.

There has been a rash of customer complaints in recent weeks as the various mobile ad electronic banking platforms became overwhelmed as more Nigerians were forced to do more online banking and payment transactions since the federal government introduced new 200, 500 and 1000 Naira bills while phasing out the old notes. This is in addition to strict cash withdrawal limits.

A report by the Financial Institutions Training Centre, FITC,disclosed that Bank customers in Nigeria lost over one billion naira to Banks’ branch and mobile channels fraud in the second quarter of 2022.

In the report on Fraud and Forgeries, FITC stated a total of 67,878 cases of fraud were recorded in the period under review.

The FITC said banks needed to strengthen their internal control measures to improve efficiency in pre-empting fraud activities and ultimately prevent fraud.