The Central Bank of Nigeria (CBN) has warned Nigerians to desist from unwholesome financial engagements in all Ponzi schemes.
It also revealed that investors in such schemes lost the sum N11.9 billion as at December last year.
The acting Director, Corporate
Communications Department of the CBN, Mr. Isaac Okorafor, said this
during a 2-day Bank-Wide sensitisation campaign on CBN initiatives and
programmes in Kano yesterday. He was represented by Mr. Yusuf Wali.
According to the CBN spokesman, since
2015, the Bank had been adequately educating Nigerians on its banks
activities in order to create awareness.
“Our objective is simple. We want you to
understand what we do at the CBN. We want to sensitise you on your
roles as citizens in keeping the naira clean and other matters,” he told
his audience.
He said the CBN had introduced some
strategic initiatives and intervention schemes to support the economy
with a view to ensuring sustainable growth and development.
According to him, the initiatives and
intervention schemes can broadly be classified under the many sectors in
the country economy.
In her address, the acting Controller of
the CBN Kano office, Mrs. Bilkisu Mahe Wali, decried the inability of
successive administration to cooperate with the CBN.
According to her, the purpose of the
campaign was to sensitise the citizens on various intervention and other
activities which the CBN was involved in for the benefits of the
people.
She lamented that lack of education and
awareness contributed to the inability of a lot of people to participate
actively in the apex bank’s programmes.
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