Global Money Week Never share your passwords PINs CBN tells customers
The Central Bank of Nigeria has urged bank customers across the country to protect their financial information and never disclose sensitive banking details such as passwords, PINs or security codes to anyone.
The warning was issued as part of activities marking Global Money Week 2026, an international campaign that promotes financial literacy, responsible money management and consumer protection. 
According to the apex bank, safeguarding personal banking information is one of the most effective ways for customers to protect their money from fraud and cybercrime.
In a message released through its official communication channels, the CBN reminded Nigerians that sensitive banking details should never be shared with anyone under any circumstances.
“Protect your money by protecting your information,” the bank said, emphasising that passwords, PINs and other banking details should never be shared with anyone, including individuals claiming to represent a bank. 
Growing Concern Over Financial Fraud
The warning highlights increasing concern within Nigeria’s financial sector over the growing sophistication of banking fraud and digital scams.
Over the past few years, criminals have adopted various techniques to deceive customers into revealing sensitive information.
These tactics include:
• impersonating bank officials through phone calls
• sending fraudulent text messages and emails
• creating fake banking websites
• using social engineering tactics to obtain security codes.
Financial experts say many fraud cases occur when customers unknowingly share their passwords or PINs with individuals posing as bank staff.
Once such information is obtained, criminals can gain access to victims’ bank accounts and transfer funds without authorisation.
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Why Password Protection Matters
The CBN stressed that passwords and personal identification numbers are designed to function as a first line of defence against unauthorised access to bank accounts.
Sharing these details undermines the security systems designed to protect customers’ funds.
Security experts note that legitimate banks and financial institutions never request sensitive banking details from customers through phone calls, emails or text messages. 
Customers are therefore advised to treat any request for such information as a potential scam attempt.
Monitoring Bank Accounts
Beyond protecting passwords and PINs, the apex bank also encouraged customers to regularly monitor their bank accounts.
Routine account monitoring allows customers to quickly identify suspicious transactions and report them to their banks before financial losses escalate.
Experts recommend the following steps:
• regularly checking account statements
• activating transaction alerts
• using secure banking channels
• reporting unusual activity immediately.
These measures help customers respond quickly in the event of unauthorised transactions.
The Importance of Financial Literacy
The message issued during Global Money Week reflects the growing importance of financial literacy in today’s digital economy.
As banking services increasingly move online, customers are becoming more vulnerable to cyber threats.
Global Money Week aims to equip individuals with the knowledge needed to make informed financial decisions and protect themselves against fraud.
The initiative is coordinated globally and involves governments, financial institutions, schools and civil society organisations.
In Nigeria, the campaign often includes workshops, awareness campaigns and educational programs aimed at improving financial knowledge among young people and the general public.
Role of Banks and Financial Institutions
While customers play a crucial role in safeguarding their financial information, banks also have a responsibility to strengthen cybersecurity systems and educate users.
Many financial institutions now provide:
• fraud awareness campaigns
• cybersecurity alerts
• customer education programs.
These initiatives are designed to help customers recognise scam attempts and avoid falling victim to financial fraud.
Rising Digital Banking Risks
Nigeria’s rapid adoption of digital banking services has made financial transactions easier and faster.
However, it has also created new opportunities for cybercriminals.
Security analysts warn that fraudsters are constantly developing new methods to bypass security systems.
As a result, consumer awareness remains one of the most effective tools in preventing financial losses.
The CBN therefore urged Nigerians to remain vigilant and to treat their personal banking information with the highest level of confidentiality.
Staying Safe in the Digital Banking Era
For bank customers, the message is simple but critical: never share passwords, PINs or other sensitive banking details with anyone.
By following basic security practices, customers can significantly reduce their risk of falling victim to financial fraud.
As Global Money Week continues to promote financial literacy worldwide, the CBN hopes that increased awareness will encourage Nigerians to adopt safer banking habits and strengthen confidence in the country’s financial system.
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Global Money Week Never share your passwords PINs CBN tells customers
