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Home » It’s fake – CBN disowns contracts, grants awards to Nigerians
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It’s fake – CBN disowns contracts, grants awards to Nigerians

9jaliveBy 9jaliveMay 12, 2025No Comments2 Mins Read
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The Central Bank of Nigeria has described as fake purported contracts and grant awards to Nigerians.

The apex bank issued that disclaimer in a statement signed by its acting spokesperson, Hakama Sidi-Ali, on Monday.

This comes amid the rise in activities of individuals and groups claiming to act on behalf of the apex bank over contracts and grants.

In reaction, CBN warned the public against falling victims of what it described as fraudulent activities.

The bank reiterated that it does not award contracts or disburse funds through unsolicited communications such as emails, phone calls, SMS, WhatsApp, or any social media platform.

Similarly, the apex bank cautioned Nigerians that it also does not request payment of fees in exchange for contracts, grants, or financial interventions, nor does it engage intermediaries or third parties to offer financial services or opportunities to the public.

“Despite the public advisory issued on November 18, 2024, through the bank’s official channels and news outlets, these misleading schemes have persisted, targeting unsuspecting members of the public with false and deceptive narratives.

“The CBN wishes to reiterate that it has not authorised, licensed, or appointed any individual, group, or organisation to act as an agent or intermediary in offering contracts, financial grants, or intervention funds to the public. The CBN also does not endorse or support such claims in any form.

“If you are approached by individuals or entities making such claims, we strongly advise that you do not engage with them. Instead, such incidents should be reported immediately to the relevant law enforcement agencies or the nearest CBN branch.

“The Central Bank of Nigeria remains committed to safeguarding the financial interests of the Nigerian public and continues to work closely with security agencies to investigate and address fraudulent activities,” the apex bank stated.

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