CBN warns against fake contract, grant offers

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The Central Bank of Nigeria has once again distanced itself from fraudulent individuals and groups claiming to operate on its behalf, offering fictitious contracts, financial grants, and intervention funds to unsuspecting members of the public.

In a statement issued on Monday and signed by its Acting Director of Communication, Mrs. Halimi Sidi Ali, the apex bank reaffirmed that it has not authorized any intermediary to provide such services in its name.

“The attention of the Central Bank of Nigeria (CBN) has been drawn once again to the activities of individuals and groups falsely claiming to represent or act on behalf of the CBN,” the statement read.

“These actors continue to circulate fictitious offers of contracts, loans, grants, intervention funds, and other financial benefits allegedly issued or endorsed by the CBN.”

Despite a previous advisory released on November 18, 2024, through its official channels and media outlets, the CBN said fraudulent schemes have continued to spread.

“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,” the statement emphasized.

The bank further cautioned that it does not issue contracts or disburse funds through unsolicited communication, whether via email, phone calls, SMS, WhatsApp, or social media.

“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.”

The CBN urged anyone contacted by such entities to avoid engaging with them and to report the matter to law enforcement or the nearest CBN office.

“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 Central Bank of Nigeria 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.”

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