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

CBN Warns Public Against Fraudulent Contract, Project Funding Claims

Share
CBN's Logo
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

Tax Reform Bills Will Not Impoverish The North – Presidency

…Says Scrapping Of TETFUND, NASENI, NITDA Not In The Bill    BAYO...

Tax Reform Bill: Invitation of Experts By NASS In Order – Akpabio

President of the Senate, Godswill Akpabio, has said that the National Assembly...

Nigeria’s GDP Increases By 3.46% In Q3 2024- Presidency

Nigeria’s Gross Domestic Product (GDP), the measure of a country’s economic health,...

Reps Panel Absolves Ecobank Of Any Liability To 167 Sacked Workers

The House of Representatives Committee on Public Petitions has absolved Ecobank of...