The Central Bank of Nigeria (CBN) has warned Nigerians to beware of fraudulent loan offers and investment schemes circulating on social media.
CBN, in But in a statement, said while it has several development finance intervention programmes for different categories of businesses, it does not directly interact with prospective applicants.
The apex bank explained that its interventions are only disbursed through participating financial institutions (PFIs) such as deposit money banks (DMBs), development finance institutions (DFIs) and microfinance banks (MFBs).
“The videos and messages are fraudulent and anyone who enters into correspondence with those behind them does so at his or her own risk. The CBN has neither appointed nor accredited any organization to serve as agent on its behalf for the purpose of investment or applying for an intervention loans,” it said.
The CBN therefore advised Nigerians seeking for loans to visit its nearest branch or their respective banks.
