CBN warns against fraudulent contracts, intervention claims

The Central Bank of Nigeria (CBN) has raised the alarm over fraudulent schemes and false claims of contract awards and special financial interventions purportedly linked to the apex bank.

In a statement signed by the bank’s Acting Director of Corporate Communications, Hakama Ali, on Monday, the bank dismissed these claims as baseless and designed to deceive unsuspecting Nigerians.

Some fraudsters, according to the CBN, falsely claim to possess award letters for construction projects and other financial initiatives allegedly sponsored by the bank.