CBN WARNS – Stop Dealing With Illegal Financial Operators

CBN WARNS – Stop Dealing With Illegal Financial Operators 

The Central Bank of Nigeria (CBN) has warned Nigerians against their dealings with Illegal Financial Operators (IFOs).Information Guide Nigeria

According to THE WILL, the bank’s Director, Corporate Communications Department, Osita Nwanisobi, who issued the warning at the CBN Fair Team Lead Programme held Thursday in Ondo State.

Osita Nwanisobi noted that IFOs use unrealistic returns on investments to lure unsuspecting members of the public.

Nwanisobi stated, “As a Nigerian, you have a role to play in stopping some of these Ponzi scheme institutions that we see around.

“You must be conscious of any institution that begins to ask you to bring your money with an extremely very high-interest rate. CBN licencing institutions are recognised and regulated. So, it is your responsibility to ensure that wherever you are putting your money, or whoever you are doing any financial business with is recognised by the CBN.”

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According to him, the “CBN Fair: Promoting Financial Stability and Economic Development” was organised by the Corporate communications department of the apex bank to enlighten Nigerians on the bank’s policies and interventions.Jamb Result

Nwanisobi added, “The CBN fair programme is meant for everybody in Ondo State, but we also know that everybody would not be here at the same time and that is why we are speaking to their representative.

“We have different commodity associations, corps members, students of higher institutions, civil servants, artisans and virtually, people from all walks of life here.“

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Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

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