Military Pension Board warns pensioners of BVN, bank detail fraud schemes

The Military Pension Board (MPB) has issued a fraud alert to military retirees nationwide, warning of criminal schemes targeting Bank Verification Numbers (BVN), National Identification Numbers (NIN), bank accounts, and ATM card details under false pretenses of processing pension benefits. The board's Public Relations Officer Aliyu Mohammed confirmed several reports of imposters posing as pension officials demanding sensitive personal information from pensioners and their families. These fraudsters claim to collect data for pension payments, gratuities, or loan processing, but MPB emphasizes it does NOT use third parties for such information collection. Military retirees should reject any unsolicited requests for BVN, NIN, bank details, or ATM information. Report suspicious approaches immediately to appropriate authorities. With Nigerian banks having closed 2 million accounts over BVN/NIN compliance issues recently, fraudsters are exploiting pensioners' confusion about legitimate verification processes. Never share confidential banking credentials online or with unknown individuals claiming to represent pension offices.

SOURCE: https://dailypost.ng/2026/06/20/mpb-raises-alarm-as-fraudsters-target-pensioners-bvn-bank-details/