Saturday, May 10, 2025

CBN to Nigerians: Beware of fraudulent contracts, project funding claims

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Umar Audu
Umar Audu
Umar Audu is an award winning Journalist. He holds a bachelor's degree in Mass Communication from Nasarawa State University, Keffi. Umar has extensive experience covering various beats with a developmental approach, wielding public service journalism tools and ethics to demand accountability. Before joining Daily Nigerian in 2022, he has worked with several public service institutions and broadcasters, including Radio Now and Daria Media, Lagos. Umar can be reached via umarsumxee180@gmail.com , https://www.facebook.com/meester.umxee?mibextid=ZbWKwL or @Themar_audu on X.
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tiamin rice
tiamin rice

The Central Bank of Nigeria, CBN, has alerted Nigerians of the activities of
fraudsters purporting to be in receipt of award letters of contracts related to construction works.

According to a statement by CBN’s Acting Director, Corporate Communications Department, Hakama Ali, the fraudsters also usually lay claims to procession of special financial interventions on behalf of the CBN.

She said that it was false, as such individuals were solely motivated by the desire to defraud unsuspecting Nigerians.

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“Any such assertions are fraudulent and should be
disregarded.

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“The CBN hereby reiterates that, in line with the focus of its current management, it has discontinued direct development interventions and special projects funding,” she said.

She further said that the apex bank had not authorised public notices for such interventions on social media platforms or any other news outlet.

“The CBN 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,” she said.
NAN

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