The Central Bank of Nigeria (CBN) has established that it is collaborating with security agencies to prosecute Ponzi scheme operators.
This was earlier mentioned 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.
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.”