Home Business Money CBN Warns Public Against Fraudulent Contract, Project Funding Claims
Money

CBN Warns Public Against Fraudulent Contract, Project Funding Claims

Share
Share

The Central Bank of Nigeria (CBN) wishes to alert members of the public to the activities of fraudsters purporting to be in receipt of award letters of contracts related to construction works and special financial interventions on behalf of the Bank.

We wish to clarify that this is false. These individuals are solely motivated by the desire to defraud unsuspecting Nigerians. Any such assertions are fraudulent and should be disregarded.

The Bank hereby reiterates that, in line with the focus of its current management, it has discontinued direct development interventions and special projects funding.

Furthermore, CBN has not authorised public notices for such interventions on social media platforms or any other news outlet.

The CBN remains committed to its core mandate of ensuring monetary and price stability, and a sound and efficient financial system in Nigeria.

We, therefore, encourage the public to remain vigilant and promptly report any suspicious activities or publications to the relevant law enforcement agencies.

Please be guided accordingly.

Share
Related Articles

Lagos Taxpayers Get Two-Week Extension for Annual Returns Filing

The Lagos State Internal Revenue Service (LIRS) has extended the deadline for...

Nigeria’s Capital Inflows Hit $6.44bn in Q4 2025

BY JANE OBIOMA ( ABJ)—Nigeria’s total capital importation rose to $6.44 billion...

Court Ruling Won’t Affect Union Bank Operations, Says CBN

BY NKECHI NAECHE-ESEZOBOR—The Central Bank of Nigeria (CBN), has said  the recent...

Nigeria’s Inflation Eases Slightly to 15.06% in February – NBS

BY NKECHI NAECHE—The National Bureau of Statistics (NBS) has revealed that Nigeria’s...