CBN Warns Against Fraudulent Contract Funding Claims

The Central Bank of Nigeria (CBN) has alerted 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 apex 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,” spokeswoman of the central bank Hakama Ali said in a statement yesterday.

The bank reiterated that, in line with the focus of its current management, it has discontinued direct development interventions and special projects funding.

According to Ali, the CBN has not authorised public notices for such interventions on social media platforms or any other news outlet.

The CBN said it 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,” she said.