Ponzi Schemes: You’re greatest security, CBN tells Nigerians amid eNaira launch - The Naija Weekly

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Friday, October 29, 2021

Ponzi Schemes: You’re greatest security, CBN tells Nigerians amid eNaira launch


The Central Bank of Nigeria (CBN) says it is sensitising Nigerians to become security-conscious and identify fraudsters and fraudulent schemes.

“We have done quite a number in this regard to ensure those who claimed to be what they are not, are brought to book. Most of these people do not have a licence. They just operate,” said CBN spokesman Osita Nwanisobi. “You are the greatest security for yourselves because when you are sensitised, you will be able to identify them the moment you see it.”

Mr Nwanisobi disclosed this on Thursday in Abakaliki during a CBN fair, themed ‘Promoting Financial Stability and Economic Development’.

He added, “Meeting like this is to listen to people’s compliance and ensure inclusive growth and economic development.”

Mr Nwanisobi noted that the bank was also collaborating with security agencies to arrest fraudsters who had defrauded Nigerians via Ponzi schemes and other fraudulent actions in the country.

According to him, the eNaira platform recently launched is guaranteed because the technology it uses is encrypted with two-factor authentication.

“The platform is secure,” Mr Nwanisobi said.

The CBN Controller in Abakaliki, Chris Adayi, said the fair had served as a platform to enlighten the public on the bank’s various initiatives.

Mr Adayi explained that the sensitisation fair, like others before it, was anchored on pursuing policies that would engender economic growth.

“It is my sincere hope that all questions regarding any grey area will be adequately addressed in this fair. Let me state that the dynamic economy has informed the need for the CBN to continually evolve policies, programmes and initiatives that have continued to meet the unique needs of our people,” Mr Adayi added. “We observed that participation of South-East in these initiatives over the years had remained very low. It is on this note that I urge you all to take advantage of various CBN economic initiatives and policies to enhance your economic growth and wellbeing.”


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