The Central Bank of Nigeria has emphasized its commitment to upholding monetary and price stability while cautioning against fraudulent activities related to fake contract awards and project funding schemes associated with the bank. In a recent press release, the apex bank refuted claims of engagement in construction contracts and special financial interventions, labeling such assertions as deceitful and untrue. The Acting Director of Corporate Communications at the CBN, Mrs. Hakama Ali, clarified that the institution has ceased direct development interventions and project funding as part of its current management’s priorities. The bank also issued a warning against unauthorized public notices circulating on social media and other platforms, highlighting the exploitation of its name by scammers to deceive the Nigerian populace. The CBN stressed that any reports suggesting involvement in contract awards or special financial interventions are fraudulent and should be dismissed. The institution reiterated its focus on ensuring monetary and price stability, as well as a robust financial system in Nigeria. It encouraged the public to stay vigilant and report any suspicious activities to the appropriate authorities.
CBN affirms commitment to monetary, price stability
