CBN again warns Nigerians against fraudulent claims, fake contracts

The Central Bank of Nigeria, CBN, has again warned Nigerians to be wary of “fraudulent claims and fictitious contracts” purportedly from the apex bank.

The CBN once again dismissed the
activities of such individuals and groups falsely claiming to represent or act on behalf of the CBN.

According to a statement by Sidi Ali, Hakama (Mrs.)
Acting Director, Corporate Communications, “These actors continue to circulate fictitious offers of contracts, loans, grants, intervention
funds, and other financial benefits allegedly issued or endorsed by the CBN.”

The CBN recalled that despite the public advisory issued on November 18, 2024, through the Bank’s official
channels and news outlets, these misleading schemes have persisted, targeting
unsuspecting members of the public with false and deceptive narratives.

The statement said, “)The CBN wishes to reiterate that it has not authorised, licensed, or appointed any individual,
group, or organisation to act as an agent or intermediary in offering contracts, financial grants,
or intervention funds to the public.

“The CBN also does not endorse or support such claims in
any form.”

Members of the public are warned to be wary of such activities as that the CBN does not award
contracts or disburse funds through unsolicited communications such as emails, phone calls,
SMS, WhatsApp, or any social media platform.

“It also does not request payment of fees in
exchange for contracts, grants, or financial interventions, nor does it engage intermediaries
or third parties to offer financial services or opportunities to the public.

“If you are approached by individuals or entities making such claims, we strongly advise that
you do not engage with them. Instead, such incidents should be reported immediately to the
relevant law enforcement agencies or the nearest CBN Branch,” the statement further warned.

The CBN said it remains committed to safeguarding the financial interests of the
Nigerian public and continues to work closely with security agencies to investigate and
address fraudulent activities.