CBN Issues Warning Over Fraudulent Contract Claims

CBN Issues Warning Over Fraudulent Contract ClaimsThe Central Bank of Nigeria (CBN) has issued a public warning about fraudulent individuals attempting to deceive Nigerians with fake contract awards. In a statement released on Monday, the bank clarified that certain scammers are circulating fake contract award letters for construction projects and special financial interventions, falsely claiming to represent the CBN.....KINDLY READ THE FULL STORY HERE▶

The apex bank emphasized that these claims are entirely false and are part of an effort by criminals to defraud unsuspecting Nigerians. CBN strongly advised the public to ignore any such fraudulent assertions.

In its statement, the CBN further clarified that, under the current leadership, the bank has ceased its direct involvement in development interventions and special projects funding. It also confirmed that the bank has not authorized any public notices related to these supposed interventions, whether through social media or other news outlets.

“The CBN remains focused on its primary mandate, which is ensuring monetary and price stability, alongside maintaining a sound and efficient financial system in Nigeria,” the statement read.

The bank also urged Nigerians to be cautious and report any suspicious activities or fraudulent claims to the appropriate law enforcement authorities.

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