CBN warns Public to Beware of Fraudulent EDIs

Must Read

Jumia is battling with $17 million fraud alongside several US lawsuit

Jumia has revealed some shocking revelations this week, Africa’s largest e-commerce operator has suspended some staff over an $18m...

How ₦50 Entry Strategy impacted Oride Bike Hailing Success in Ibadan

One would have thought that the introduction of ORide, a bike hailing system backed by its specialized application (Opay...

FIRS lists Slot, GIG Motors, Davido, Obasanjo, others among 19,901 tax defaulters, shuts accounts (Full List)

A number of prominent individuals and organizations have been included in a list of 19,901 tax defaulters released by...
- Advertisement -
- Advertisement -

Our attention has been drawn to the exploitation of unsuspecting members of the public by some Entrepreneurship Development Institutions (EDIs), purporting to be Central Bank of Nigeria (CBN)-accredited EDIs for our AgriBusiness Small and Medium Enterprises Investment Scheme (AGSMEIS).

These unaccredited bodies have continued to defraud and exploit members of the public by advertising for courses and charging training fees ranging on the
pretext that the training is endorsed by the CBN and therefore would guarantee easy access to AGSMEIS loans.

For the avoidance of doubt, the CBN has neither appointed nor accredited any organization to conduct any training on its behalf for the purpose of applying for AGSMEIS loans.

Read:  How to stay sane building a business in Lagos

The Public is therefore advised to beware of the activities of these nonaccredited private and public organisations and report anyone or group that approaches them for these illegal and unauthorized training, to the law enforcement agencies.

The Public is also advised to contact the Central Bank of Nigeria (CBN) on 07002255226 or send an email to contactcbn@cbn.gov.ng for any clarification.

- Advertisement -

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Jumia is battling with $17 million fraud alongside several US lawsuit

Jumia has revealed some shocking revelations this week, Africa’s largest e-commerce operator has suspended some staff over an $18m...

Jumia reports Q2 2019 Results: Continued strong growth of top-line drivers and 94% increase in Gross profit

Jumia Technologies AG (NYSE: JMIA) ("Jumia" or the Company) announced today its financial results for the quarter ended June 30, 2019. "We continue to deliver...

Prices Of Tomatoes, Rice, Yam reduce in July – NBS

The average price of major food items in Nigeria, like yam, rice and tomatoes, reduced in July, the National Bureau of Statistics (NBS) has...

Nimbus Media introduces new “in-house” digital screen technology

Nimbus Media, a frontline in-house advertising company has introduced a new look digital screen display technology saying that the new innovation is targeted at...

More Articles Like This