Wema Bank Data Breach: FG Querries Bank As More Customers Cry Foul! + Accused Of Illegal Accounts Opening.

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The Federal Government through the Federal Competition and Consumer Protection Commission (FCCPC) has queried Wema Bank Plc over illegal banking practice in the country.

The comes after allegations that the bank and its agents have been opening unauthorised accounts for customers with information sourced from their Bank Verification Number (BVN) details.

In a tweet posted on its official handle on Friday, the commission said the situation was becoming widespread and should not be ‘secretly tackled’.

“Can Wema Bank comment publicly on the message that consumers without Wema Bank accounts are receiving across the country, allegedly from the bank? This situation is widespread and cannot be a DM issue anymore. Wema Bank has to come clean,” the tweet from the commission read.

Can @wemabank comment publicly on the message that consumers without Wema bank accounts are receiving across the country, allegedly from the bank? This situation is widespread and cannot be a DM issue anymore. Wema Bank has to come clean.@NITDANigeria @NigeriaGov @TundeIrukera

— FCCPC Nigeria (@fccpcnigeria) June 3, 2022

According to a journalist (names withheld) who had hitherto not had an account Wema, said that despite not operating any account with the bank, the lender opened an account on his behalf with information sourced from his BVN.

“I don’t have any account with Wema Bank but I was shocked when I begin to receive messages from them via my email linked to my BVN, informing me that my account was safe with them.

“I have contacted the bank to report the development but to no avail. They have continued to send same mail.

“This means someone is using my details for banking transactions. It’s fraud and I shall seek legal redress,” he said.

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SUNDAY ADEBAYO is a writer, Public relations practitioner, and a versatile Journalist with over 6,000 reports on a wide range of topics associated with the Nigerian society and the international community. Currently the Editor In Chief at Society Reporters. His passion is to deliver great and insightful news and analysis on topical issues and society happenstances.