The Central Bank of Nigeria (CBN) has said that it is collaborating with security agencies to prosecute Ponzi scheme operators.
This was disclosed by the Director of the CBN’s Corporate Communications Department, Mr Osita Nwanisobi, at the Central Bank of Nigeria Fair which took place at Akanu Ibiam International Conference Centre, Abakaliki, the capital of Ebonyi State.
Nwanisobi stated that the apex bank has also embarked on the sensitisation of members of the public on how best to identify and avoid such fraudulent schemes.
What the CBN is saying
Mr Osita Nwanisobi stated that the CBN is doing everything in its power with the help of security agencies to prosecute those who defraud Nigerians of their hard-earned money.
He said, “When Central bank sensitise the public on such Ponzi schemes and they begin to see some of these things, they will know. The other thing is for us to work with security agencies to ensure that those who defraud Nigerians must be brought to book. We have done quite a number in this regard. We work with security agencies to ensure that those who claim what they are not, are brought to book.”
The director also emphasized personal responsibility on the part of the citizens, warning that they must be wary of such flamboyant promises of returns on investments.
“But the most important thing, like I keep saying, is that we are the greatest security. There is no way somebody will come and tell you that he has a product that will give you 10 per cent every month and that translates to 120 per cent per annum. Where is he going to make the money from? What kind of business is the person doing? Is the person regulated?” he queried.
Speaking on the recently launched e-Naira, he said “The issue of security and dependability of the e-naira platform is guaranteed; guaranteed because the technology uses cryptography encrypted with two factors authentication. The e-Naira project is a journey, we expect that there are going to be minor challenges and I can tell you where some of these things are coming from.”
In case you missed it
- The apex bank yesterday drew the attention of the public to criminal and unlawful acts by some persons, as well as a phoney Twitter handle, @enaira_cbdc, purported to belong to the Bank.
- The Central Bank of Nigeria (CBN) has warned users that it will not be held liable for any loss, whether arising from, or in connection with the use of the eNaira website.
They should expediate action in apprehending Mr.Bamise Ajetunmobi and his wife.The CIU in Antigua & Barbuda said they are awaiting official statement from authorities in Nigeria to revoke their citizenship and also get them apprehended.
It is very disheartening that CBN is yet to say anything concerning Imagine Global. Ponzi scheme has wrecked some people’s businesses and Nigerians should be educated on the traits and features of Ponzi Scheme for them not to fall victims.
Another way of helping the public is to have a site where the list of licenced and accredited investment companies are updated.
CBN is the real ponzi, what have they done to apprehend MBA FOREX CEO Mr maxwell Odum, Maxwell claimed CBN freeze his accounts hence his inability to refund investors capital while CBN claim they are yet to conclude their investigations even after 6 months.
CBN should give us an email address or a link to report fraudulent activity of those who are defrauding us of our hard earned money.
Please my humble request, thanks