Saturday, October 31, 2026

Fraudsters flooding social media with fake contract award letters, CBN warns Nigerians

CBN urges the public to remain vigilant and promptly report any suspicious activities or publications to the relevant law enforcement agencies.

• November 18, 2024
Central Bank of Nigeria Logo
Central Bank of Nigeria logo (Credit: CBN website)

The Central Bank of Nigeria has issued a warning regarding fraudsters who claim to have received award letters for contracts related to construction works and special financial interventions on its behalf.

CBN’s spokeswoman Hakama Sidi Ali, in a statement on Monday, warned members of the public to disregard the fraudsters out to cheat them.

“The Central Bank of Nigeria wishes to alert members of the public to the activities of fraudsters purporting to be in receipt of award letters of contracts related to construction works and special financial interventions on behalf of the bank.

“We wish to clarify that this is false. These individuals are solely motivated by the desire to defraud unsuspecting Nigerians. Any such assertions are fraudulent and should be disregarded.

“The bank hereby reiterates that, in line with the focus of its current management, it has discontinued direct development interventions and special projects funding. Furthermore, CBN has not authorised public notices for such interventions on social media platforms or any other news outlet,” she said.

Ms Sidi Ali reaffirmed CBN’s commitment to its core mandate of ensuring monetary and price stability, as well as a sound and efficient financial system in Nigeria.

She urged the public to remain vigilant and promptly report any suspicious activities or publications to the relevant law enforcement agencies.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Nigerian Bar Association

States

Independence: NBA urges Nigerians to expect better future

The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Evacuees in Ukraine

World

Ukraine evacuates hundreds, pets after Pope Leo, Melania Trump-backed ceasefire

Mr Zelensky revealed that more people needing evacuation had relocated from Oleshky to the Ukrainian border in the Chernihiv region.

NCDC

Health

Nigeria records two suspected Ebola cases in North-East

The NCDC, in a statement on Saturday, stated that the agency was undertaking contact identification and listing.

Army’s 403 Amphibious Brigade,

States

Navy marines kill 34 terrorists in Lake Chad area 

The marines conducted an offensive strike against an identified Boko Haram terrorist enclave at Dumba.

suspected armed robbers and cultists

States

Police nab suspected armed robbers, cultists in Delta

According to Mr Edafe, investigations were ongoing.