CBN Drums Safety of New eNaira to Curb Fraudulent Financial Schemes

Grid Pic of CBN with enaira .illustration

The Central Bank of Nigeria (CBN) has disclosed that the bank is sensitizing Nigerians to become security conscious and be able to identify fraudsters and fraudulent financial schemes.

This was made known during the CBN Fair at Abakaliki, themed Promoting Financial Stability and Economic Development, by the Director, of Corporate Communications,  Mr. Osita Nwanisobi.

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

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 licences, they just operate.

You are the greatest security for yourselves because when you are sensitized, you will be able to identify them the moment you see it.

Meeting like this is to listen to people’s compliance and ensure inclusive growth and economic development,  -  Mr Nwanisobi

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

The platform is secured,” Mr Nwanisobi emphasised.

 The CBN Controller, Abakaliki, Mr. Chris Adayi, also noted that the CBN fair had served as a veritable platform to enlighten the public on various initiatives of the bank.

Mr. Adayi said that the sensitization fair like others before was anchored on the pursuit of economic policies that would engender economic growth through the financial leverage that the initiatives provided.

He said that the initiatives included the payment system initiative, real sector initiative, financial inclusion, consumer rights, and grievance redress mechanism, among others.

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 has continued to meet the unique needs of our people.

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, Adayi Noted.


(This post is originally written by me forBusiness post.com.ng)

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