How Fraudsters Transfer Money From Phone In Nigeria

Are you aware that if your phone got stolen, it can be used by fraudsters to transfer money from your bank account, if the SIM card on the phone is the number you registered on your account and BVN.

What they need to do a transfer or make bill payment from your account is the last four digits of your BVN with the ussd code of your bank. They will have access to your bvn by dialing *565# on your phone.

 A lot of people have fallen prey of this. Always inform your bank immediately you lose your phone so that your number can be  deactivated from your account pending the replacement of the SIM.