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

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

Nigeria’s Inflation Rate Down To 23.71% In April

The National Bureau of Statistics, NBS, on Thursday said Nigeria’s headline inflation...

‎ ‎CBN Unveils Digital BVN Platform For Nigerians In Diaspora ‎

‎The Central Bank of Nigeria, ( CBN), in  partnership with NIBSS, has...

‎CBN Warns Public Of Fake Contracts Scams, Grants, Loans

By NKECHI NAECHE- ESEZOBOR–The Central Bank of Nigeria (CBN), on Monday warned...

Nigeria To Pay SDR Charges Of US$30 million Annually Despite Loan Repayment- IMF 

NKECHI NAECHE- ESEZOBOR–The International Monetary Fund (IMF), has  said that despite Nigeria...