Africa Press-Nigeria:<\/p>\n
The Central Bank of Nigeria (CBN) has cautioned business owners against fraudulent loan offers, especially through the social media.<\/p>\n
Mr Osita Nwanisobi, CBN Acting Director, Corporate Communications, gave the warning in a statement on Friday in Abuja.<\/p>\n
Nwanisobi said that the apex bank was aware that some fraudulent individuals send messages for such offers, especially through the social media.<\/p>\n
He said that such messages requesting unsuspecting loan seekers and small business owners to apply for loans or investment supposedly facilitated by the bank were fraudulent.<\/p>\n
\u201cThe attention of the CBN has again been drawn to fraudulent messages and videos, especially in the social media.<\/p>\n
\u201cThey request unsuspecting loan seekers and owners of small-scale businesses to apply for loans or investment schemes purportedly facilitated by the bank,\u2019\u2019 Nwanisobi said.<\/p>\n
He said that although the CBN has several development finance intervention programmes, it does not interact directly with prospective applicants.<\/p>\n
\u201cFor the avoidance of doubts, there are clearly spelt out procedures for accessing CBN\u2019s intervention funds which are disbursed through Participating Financial Institutions, Development Finance Institutions and Microfinance Banks.<\/p>\n
\u201cThe bank does not facilitate investment schemes.<\/p>\n
\u201cMembers of the public, particularly youths and owners of small-scale businesses, are therefore advised to disregard any video or text message proposing investment schemes or charging them fees on the pretext that their organisations are endorsed by the CBN,\u2019\u2019 Nwanisobi said.<\/p>\n
He advised prospective applicants for CBN\u2019s intervention schemes to approach their respective commercial banks, NIRSAL Microfinance Banks or branches of the apex bank nearest to them.<\/p>\n","protected":false},"excerpt":{"rendered":"
Africa Press-Nigeria: The Central Bank of Nigeria (CBN) has cautioned business owners against fraudulent loan offers, especially through the social media. Mr Osita Nwanisobi, CBN Acting Director, Corporate Communications, gave the warning in a statement on Friday in Abuja. Nwanisobi said that the apex bank was aware that some fraudulent individuals send messages for such […]<\/p>\n","protected":false},"author":62,"featured_media":8947,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[503],"class_list":["post-30926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-cbn"],"yoast_head":"\n