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updated 10:20 AM UTC, Dec 13, 2023

Beware Of Fraudulent Loan Offers & Investment Schemes – Central Bank Of Nigeria

Unic Press UK: The Central Bank of Nigeria (CBN) has raised alarm over fraudulent information in circulation that the Bank has issued an invitation to small businesses and loan seekers to make an application for funding and investment schemes.

In a DISCLAIMER dated 8 October 2020, the CBN’s acting director of corporate communications, Osita Nwanisobi, said that the Bank does not deal directly with prospective applicants in any of its several development finance intervention programmes, nor facilitate investment schemes.

There are procedures for accessing CBN’s intervention funds which are disbursed through Participating Financial Institutions (PFIs) – Deposit Money Banks (DMBs), Development Finance Institutions (DFIs), and Microfinance Banks (MFBs).

All prospective applicants are advised to contact their respective banks, NIRSAL Micro-Finance Bank, or any of the CBN branches nationwide for clarification on the procedures for accessing CBN funding programme, the Central Bank Of Nigeria said.

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