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

World Bank Appoints Aliko Dangote to Elite Group

The President and Chief Executive of the Dangote Group, Aliko Dangote, has...

Stanbic IBTC Bank Supports GTR West Africa 2025 To Strengthen Regional Commerce

Stanbic IBTC Bank, a leading financial institution committed to driving economic growth...

IMF Cuts Nigeria’s GDP Growth Projection To 3.0% In 2025

NKECHI NAECHE- ESEZOBOR ( WASHINGTON DC)—The International Monetary Fund, IMF, on Tuesday...

Stanbic IBTC Bank Unveils “There Is More” campaign: A Rallying Call For CEOs Across Nigeria

Stanbic IBTC Bank ignites a nationwide conversation with the launch of its...