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Is it true that CBN Introduced USSD Code To Block Compromised Bank Accounts? 

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A post has been making the rounds that the Central Bank of Nigeria introduced an Unstructured Supplementary Service Data (USSD) process for bank users to block their accounts when their phone is stolen or notice any form of compromise in deductions. *The claim is PARTLY TRUE … but …*

Here is what we know … 

Research shows that similar Facebook posts and news stories from blogs were first posted in 2021.

When the USSD was also searched on google, it brought out a blog post on one of the new generation bank’s official websites that announced the launch of the code.

 

The post stated that the bank became the first Nigerian Bank to successfully launch its USSD account control code, “*966*911#.”

It said, “this unique code stops unauthorized transactions and protects the account holder’s funds in the event of mobile phone, ATM Card or hardware token loss as well as account details compromise.”

 

Conclusion

 

Though the USSD code that freezes bank accounts when it is compromised does exist, it was launched by one of the commercial Banks and not the CBN.

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African News

“Skin Whitening Injections, Naira Note Rumors & COVID-19 XEC in Nigeria – Debunker Ep. 96”

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🔥 WABMA Fake News Debunker – Episode 96 🔥

🚩 Are popular skin-whitening injections in West Africa genuine and safe to use?
🚩 Is Nigeria’s Central Bank planning to scrap old Naira notes soon?
🚩 Has the COVID-19 variant XEC already spread to Nigeria?

In this episode, we dive deep into these viral claims to separate facts from fiction. Don’t fall for fake news—get the truth you need right here!

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African News

Did Netflix Pay Kamala Harris $7 Million? Can Guava Leaves Cure Ulcers? Was EFCC’s X Account Hacked by Fraudsters?

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Did Netflix Pay Kamala Harris $7 Million? Can Guava Leaves Cure Ulcers? Was EFCC’s X Account Hacked by Fraudsters?

Description:

🚩 Did Netflix really hand US Vice President Kamala Harris $7 million?
🚩 Can guava leaves actually cure ulcers, as claimed in recent posts?
🚩 Was Nigeria’s EFCC’s X (formerly Twitter) account hacked by internet fraudsters?

Uncover the truth behind these viral claims in this episode of WABMA’s Fake News Debunker! Let’s separate facts from fiction.

🎥 Watch Now: https://youtu.be/yourlinkhere

🙏 Please check out this week’s edition of WABMA’s Fake News Debunker, where we partner with media professionals to stop the spread of misinformation across social media and news platforms.

🚀 Download more debunker videos and articles:
https://projectfactchecknigeria.org

Pls. share and help combat fake news!

 


#FakeNewsDebunker, #FactCheck, #KamalaHarris, #Netflix, #GuavaLeaves, #UlcerCure, #EFCC, #Hacked, #SocialMediaMyths, #TruthMatters, #DebunkingMisinformation, #StayInformed, #NigeriaNews, #WABMA, #ViralClaims, #ProjectFactCheck, #CombatFakeNews

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African News

Did Netflix Really Hand Kamala Harris $7 Million?

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It all started with a social media post that sparked confusion and speculation. The claim was bold: Netflix had reportedly donated a whopping $7 million to Kamala Harris’ campaign.

But was it true?

The buzz grew louder as the story spread, leaving many wondering how deep Netflix’s political involvement ran. Could a company that entertains millions really throw such enormous financial support behind a candidate?

The truth, however, turned out to be much more personal—and surprising.

After diving deep into the investigation, we uncovered a twist. It wasn’t Netflix itself that made the donation. The answer came from Reed Hastings, Netflix’s co-founder and executive chairman. He confessed during an interview with The Information: after watching a particularly disheartening debate, he felt compelled to act. “After the depressing debate,” Hastings admitted, “we are in the game again.” And with that, he made his largest personal contribution ever—$7 million.

But here’s the catch: this was not Netflix’s doing! It was Hastings’ personal endorsement. Reputable media outlets quickly clarified the distinction: Netflix, the company, had no hand in the donation. It was purely Hastings’ decision.

The conclusion?
The viral claim that Netflix itself funneled $7 million into Kamala Harris’ campaign is completely false. Instead, it was Reed Hastings, acting on his own, who made the generous contribution to her 2024 run.

The lines between corporate and personal blurred for a moment, but the facts set the story straight.

….

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#FakeNewsDebunker, #FactCheck, #KamalaHarris, #Netflix, #GuavaLeaves, #UlcerCure, #EFCC, #Hacked, #SocialMediaMyths, #TruthMatters, #DebunkingMisinformation, #StayInformed, #NigeriaNews, #WABMA, #ViralClaims, #ProjectFactCheck, #CombatFakeNews

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