If someone uses your name to open new accounts, get credit or buy services
This is called ‘identity theft’.
Identity theft had been the preserve tool of trade for scammers, terrorists & perpetrators of 419 scams, not expected from reputable bank brands like WEMA…
The challenge of meeting new customer account targets and deposit by wema bank is probably responsible for this reported instance amongst many, whereby the identity of Nigerians are falsely presented in bank account opening procedure by officials who are expected to know full well the implication of using stolen identities in perpetuating fraudulent activities particularly in the banking sector.
Twitter – Financial Services Topic section has been livid with comments against bankers and unethical practises, with much directed at wema bank. Even when comments were made in their (banks) defense, these were easily punctured as clearly an insider collusion would still be required for the complete account opening procedure to be implemented.
A line of defense included: ”I doubt it was them, they have this program where people get commissions on accounts they open. All they need is a name email and number I guess.”
”What are you saying? How did they get her BVN?”
Nigerian banks offer banking services to illegal loan sharks despite CBN regulations expressly forbidding this. Wema Bank is the most regular offender in this category, lending its support to multiple illegal loan sharks!
Penultimate the Class Action Lawsuit been instituted, Wema Bank, through @ALAT has offered unreserved apology to two prospective law suit prospects, though the momentum continues to build towards getting more aggrieved identity theft victims to join in the impending lawsuit.