By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: CBN Alerts Nigerians About Ongoing Contract Fraud Attempts
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
BusinessNews

CBN Alerts Nigerians About Ongoing Contract Fraud Attempts

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: November 19, 2024
Share
2 Min Read
SHARE

The Central Bank of Nigeria (CBN) has issued a strong warning to the public about fraudsters falsely claiming to have received contract awards from the bank.

The apex bank described these activities as deliberate attempts to defraud unsuspecting individuals.

In a statement released on Monday by its Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, the CBN clarified that it has not issued any contract award letters for construction works or special financial interventions.

“The Central Bank of Nigeria (CBN) wishes to alert members of 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 statement read.

- Advertisement -

“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.”

The CBN emphasized that under its current management, the bank has discontinued direct development interventions and special project funding.

It also stated that no public notices regarding such interventions have been authorized for release on social media platforms or any other outlets.

The apex bank reaffirmed its commitment to its primary responsibilities, including maintaining monetary and price stability and ensuring a sound financial system in Nigeria.

- Advertisement -

The bank urged the public to exercise vigilance and report any suspicious activities to law enforcement agencies.

“We encourage the public to remain vigilant and promptly report any suspicious activities or publications to the relevant law enforcement agencies,” the statement concluded.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByMuhammad A. Aliyu
Follow:
Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
Previous Article NERC Mandates DisCos to Replace Obsolete Meters at No Cost to Customers
Next Article Wizkid’s ‘Kese (Dance)’ Reclaims Spot on Apple Music Top 100 After Brief Removal

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 4 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Egbe Bobakeye Okunrin Akile Ijebu Refutes False Claims About Queen Elizabeth II’s 1956 Visit
News
NRC Managing Director Warns Against Railway Vandalism: “We Don’t Have Scraps, We Have National Assets”
News
Tragic Head-On Collision in Jigawa Claims Nine Lives, Dozens Injured
News
Victor Osimhen Returns to Nigeria as Al Hilal Transfer Hangs in Balance Ahead of FIFA Club World Cup
Sport
Tinubu Urged by PDP to Cut Fuel and Electricity Costs Amid Eid-el-Kabir Festivities
News
- Advertisement -
Ad imageAd image

You May Also Like

Mike Ejeagha
News

Mike Ejeagha, Nigerian Highlife Maestro, Dies at 95

Muhammad A. Aliyu
Muhammad A. Aliyu
June 7, 2025
PoliticsTop stories

Tinubu Welcomes Gov Eno to APC as Political Realignments Intensify Across States

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
Sport

Super Eagles Rally to Draw Against Russia in International Friendly

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 6, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?