Project Funding Fraudsters Using CBN Letter Heads – Bank Warns

In a statement Monday night, the Central Bank of Nigeria (CBN) 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 Bank.

The apex bank said it wish to clarify that this is false.

In the statement shared with the media by the Ag Director, Public Communication, Hakama Sidi-Ali (Mrs), “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 statement added.

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.

The statement stresses, “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”.

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