By The Central Bank of Nigeria (CBN) has cautioned business owners against fraudulent loan offers, especially through the social media.
Ostia Nwanisobi, CBN Acting Director, Corporate Communications, gave the warning in a statement on Friday in Abuja.
Nwanisobi said the apex bank is aware of some fraudulent individuals sending messages for such offers, especially through the social media.
He said such messages requesting unsuspecting loan seekers and small business owners to apply for loans or investment supposedly facilitated by the bank, are fraudulent.
Nwanisobi said CBN’s intervention funds are disbursed through Participating Financial Institutions, Development Finance Institutions and Microfinance Banks, as it does not interact directly with prospective applicants.
He advised applicants for CBN’s intervention schemes to approach their respective commercial banks, NIRSAL Microfinance Banks or branches of the apex bank nearest to them.
