CBN cautions Nigerians to be wary of unlicensed financial entities

From Umar Dankano, Yola

In an effort to address the fraudulent financial activities of some dubious characters, the Management of Central Bank of Nigeria (CBN) has warned the public to stop patronising unlicensed entities in the country.

Governor of Central Bank of Nigeria, Mr. Godwin Emefiele sounded the warning in Yola, Thursday, at the 2022 CBN Fair with the theme ‘Promoting Financial stability and Economic development’ stressing that records at their disposal shows that many Nigerians are becoming victims of these ungodly scammers.

Represented at the two day sensitisation programme by the Director Corporate communications Department, CBN, Mr. Osita Nwanisobi, Emefiele said, the programme is being conducted concurrently in Adamawa and Taraba states purposely for sensitising the Nigerian public on the Apex’s bank policies and interventions.

Nwanisobi stated that the program is also aimed at working on how to enhance the economic well being of the Nigerians noting that the Financial system in the country is sound, stable and robust in all ramifications.

“2022 CBN Fair is highly harmonised sensitisation for all CBN initiatives ranging from payment systems, consumer protection, Financial inclusion, clean note policy, Agricultural Finance initiatives, Real sector intervention as well as e-Naira.

“In all ramifications, the aim of this Fair is to create awareness on CBN initiatives towards a sustainable Economic development of Nigeria at large,” Nwanisobi added.

In his good will message,the Branch Controller of CBN Yola, Sanusi Sah Nyashi applauded the CBN for choosing Adamawa and Taraba for this year’s Fair programme acknowledging that Adamawa is one of the location where CBN initiatives and interventions are fully embraced.

Nyashi seized the opportunity to appealed to participants to pay attention to various presentations and ask questions where there is need so as to tap opportunities from the initiatives.

Our correspondent in Yola reported that participants attending the programme were drawn from both public and private sectors as some of the previous beneficiaries were seen displaying their products at the entrance of the venue.


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