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

CBN Grants JPMorgan Approval-in-Principle to Establish Merchant Bank in Nigeria

The Central Bank of Nigeria (CBN) has granted Approval-in-Principle (AIP) to JPMorgan...

CBN to Push for Stronger Cross-Border Payment Arrangements with China

BY NKECHI NAECHE-ESEZOBOR—(BANGKOK,THAILAND)—The Central Bank of Nigeria (CBN) says it will press...

Mongolia Joins World Bank’s IDA as Donor

BANGKOK,THAILAND—Mongolia has become a donor to the World Bank Group’s International Development...

IMF Raises Nigeria’s Growth Forecast to 4.2%, Urges More Non-Oil Revenue

BY NKECHI NAECHE-ESEZOBOR—(BANGKOK, THAILAND)—The International Monetary Fund (IMF) has upgraded its growth...