Central Bank issues warning on fake contracts and intervention scams

Central Bank issues warning on fake contracts and intervention scams

THE NATION

The Central Bank of Nigeria (CBN) has cautioned the public about fraudulent individuals falsely claiming to possess award letters for construction contracts and special financial interventions, allegedly issued on behalf of the Bank.

In a statement released on Monday, Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, clarified that these claims are entirely false and are part of schemes aimed at defrauding unsuspecting Nigerians.

The CBN urged members of the public to remain vigilant and report any suspicious activities involving such fraudulent claims.

“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 statement read.

The Bank further reiterated that it has discontinued direct development interventions and special project funding in line with the priorities of its current management. It also noted that it has not authorized any public notices regarding such interventions on social media platforms or other news outlets.

The CBN insisted on its commitment to its core mandate, stressing that its focus remains on ensuring monetary and price stability and maintaining a sound and efficient financial system in Nigeria.

The apex bank urged the public to remain vigilant and report…

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Central Bank issues warning on fake contracts and intervention scams

 

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