CBN distributing N500K cash grants to Nigerians as palliatives? Real truth emerges

  • Viral social media posts claim that the Central Bank of Nigeria (CBN) is giving out 500,000 naira cash grants to citizens
  • Legit.ng reports that as many Nigerians experience economic hardship occasioned by the removal of fuel subsidy by President Bola Ahmed Tinubu, the masses are in need of palliatives to cater for their welfare
  • A fact-checking platform investigated the claim of N500,000 cash grants and ruled that the supposed opportunity is yet another scam

Legit.ng journalist Ridwan Adeola Yusuf has over 6-year-experience covering public journalism

FCT, Abuja – Some posts on the popular social networking site, Facebook, claim that the Central Bank of Nigeria (CBN) is giving out “palliative loans” for 2024.