CBN warns Nigerians against loan offers, investment schemes - Daily Post Nigeria

It cited information and videos circulating on social media.But in a statement, CBN 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 such as deposit money banks , development finance institutions and microfinance banks . “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.

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