November 15, 2024
Emefiele

Central Bank of Nigeria's (CBN) governor Godwin Emefiele gives a press conference on the naira devaluation during a media briefing in Abuja on June 15, 2016. Nigeria's central bank said today it will ease currency controls and allow the naira to devalue as the country works to attract investment amid a worsening economic outlook. Central Bank of Nigeria (CBN) governor Godwin Emefiele said in a televised speech from Abuja that the currency market will be "purely market driven". / AFP / PHILIP OJISUA (Photo credit should read PHILIP OJISUA/AFP/Getty Images)

The Central Bank of Nigeria (CBN) through its Financial Services Regulation Coordinating Committee (FSRCC) has advised Nigerians to stop dealing with unlicensed or illegal financial operators in the country.

The CBN through FSRCC, gave the advice in a statement posted on its website on Monday.

It said that the illegal financial operators lure and defraud unsuspecting members of the public by offering extra ordinary returns on investments as bait.

It also described the increasing activities of the Illegal Financial Operators (IFOs) as worrisome, saying it portends a grave risk to public confidence and the stability of the Nigerian financial system.

The statement reads in part, “The FSRCC in its continuing efforts to end the scourge of IFOs in Nigeria, hereby issues the following advisory:

“The general public is advised to refrain from dealing with unlicensed or illegal financial operators, who lure and defraud unsuspecting members of the public by offering extra-ordinary returns on investments as bait.

“Members of the public are advised to visit the websites of the Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC) and other relevant member agencies of the FSRCC to verify the registration and license status of such companies and schemes before investing in them.

“You are also advised to report any individual or entities suspected to be involved in such nefarious activities to the law enforcement agencies.”

It assured that financial regulatory agencies shall continue to carry out all necessary due diligence before registering or licensing any operator under their regulatory purview.

“In addition, Agencies shall refer to relevant supervisory authorities for confirmation before finalising on any registration/licensing application,” the statement said.

It encouraged member agencies to engage in regular sensitisation campaigns on the threats posed by the activities of illegal financial operators.

It also urged the general public to address further enquiries to the Director, Financial Policy and Regulation, Central Bank of Nigeria, and / or the Executive Commissioner, Legal and Enforcement, Securities and  Exchange Commission.(NAN)

127 thoughts on “CBN advises Nigerians to shun unlicensed financial operators

  1. I am really loving the theme/design of your website. Do you ever run into any internet browser compatibility issues? A small number of my blog readers have complained about my blog not working correctly in Explorer but looks great in Chrome. Do you have any ideas to help fix this issue?

  2. Have you ever considered about including a little bit more than just your articles? I mean, what you say is important and all. Nevertheless think about if you added some great graphics or videos to give your posts more, “pop”! Your content is excellent but with pics and videos, this site could certainly be one of the very best in its field. Good blog!

  3. I have been exploring for a bit for any high-quality articles or blog posts in this sort of area . Exploring in Yahoo I eventually stumbled upon this website. Reading this information So i’m glad to show that I’ve a very good uncanny feeling I discovered just what I needed. I most no doubt will make certain to don’t forget this site and give it a glance regularly.

  4. Attractive component of content. I just stumbled upon your web site and in accession capital to assert that I get in fact enjoyed account your blog posts. Any way I’ll be subscribing in your feeds or even I fulfillment you get admission to consistently quickly.

  5. My brother recommended I might like this website. He was totally right. This submit actually made my day. You can not imagine just how much time I had spent for this info! Thanks!

  6. Hello, i read your blog from time to time and i own a similar one and i was just curious if you get a lot of spam feedback? If so how do you reduce it, any plugin or anything you can recommend? I get so much lately it’s driving me insane so any help is very much appreciated.

  7. Hey there! I know this is kinda off topic but I was wondering which blog platform are you using for this site? I’m getting sick and tired of WordPress because I’ve had problems with hackers and I’m looking at options for another platform. I would be great if you could point me in the direction of a good platform.

  8. I am writing to make you be aware of of the great encounter my cousin’s child developed studying your webblog. She came to find several issues, not to mention how it is like to possess an awesome giving nature to let certain people completely fully grasp a number of impossible subject matter. You really exceeded readers’ expected results. I appreciate you for coming up with such warm and helpful, healthy, revealing and even easy tips about your topic to Evelyn.

  9. Sight Care is a daily supplement proven in clinical trials and conclusive science to improve vision by nourishing the body from within. The Sight Care formula claims to reverse issues in eyesight, and every ingredient is completely natural.

  10. Cortexi is a completely natural product that promotes healthy hearing, improves memory, and sharpens mental clarity. Cortexi hearing support formula is a combination of high-quality natural components that work together to offer you with a variety of health advantages, particularly for persons in their middle and late years. Cortex not only improves hearing but also decreases inflammation, eliminates brain fog, and gives natural memory protection.

  11. Prostadine is a dietary supplement meticulously formulated to support prostate health, enhance bladder function, and promote overall urinary system well-being. Crafted from a blend of entirely natural ingredients, Prostadine draws upon a recent groundbreaking discovery by Harvard scientists. This discovery identified toxic minerals present in hard water as a key contributor to prostate issues.

  12. Puravive introduced an innovative approach to weight loss and management that set it apart from other supplements. It enhances the production and storage of brown fat in the body, a stark contrast to the unhealthy white fat that contributes to obesity.

  13. Neotonics is an essential probiotic supplement that works to support the microbiome in the gut and also works as an anti-aging formula. The formula targets the cause of the aging of the skin.

  14. FitSpresso stands out as a remarkable dietary supplement designed to facilitate effective weight loss. Its unique blend incorporates a selection of natural elements including green tea extract, milk thistle, and other components with presumed weight loss benefits.

  15. EyeFortin is a natural vision support formula crafted with a blend of plant-based compounds and essential minerals. It aims to enhance vision clarity, focus, and moisture balance.

  16. The Quietum Plus supplement promotes healthy ears, enables clearer hearing, and combats tinnitus by utilizing only the purest natural ingredients. Supplements are widely used for various reasons, including boosting energy, lowering blood pressure, and boosting metabolism.

  17. GlucoBerry is one of the biggest all-natural dietary and biggest scientific breakthrough formulas ever in the health industry today. This is all because of its amazing high-quality cutting-edge formula that helps treat high blood sugar levels very naturally and effectively.

  18. Dentitox Pro is a liquid dietary solution created as a serum to support healthy gums and teeth. Dentitox Pro formula is made in the best natural way with unique, powerful botanical ingredients that can support healthy teeth.

  19. Nervogen Pro, A Cutting-Edge Supplement Dedicated To Enhancing Nerve Health And Providing Natural Relief From Discomfort. Our Mission Is To Empower You To Lead A Life Free From The Limitations Of Nerve-Related Challenges. With A Focus On Premium Ingredients And Scientific Expertise.

  20. InchaGrow is an advanced male enhancement supplement. Discover the natural way to boost your sexual health. Increase desire, improve erections, and experience more intense orgasms.

  21. TropiSlim is a unique dietary supplement designed to address specific health concerns, primarily focusing on weight management and related issues in women, particularly those over the age of 40. TropiSlim targets a unique concept it refers to as the “menopause parasite” or K-40 compound, which is purported to be the root cause of several health problems, including unexplained weight gain, slow metabolism, and hormonal imbalances in this demographic.

  22. Cortexi is an effective hearing health support formula that has gained positive user feedback for its ability to improve hearing ability and memory. This supplement contains natural ingredients and has undergone evaluation to ensure its efficacy and safety. Manufactured in an FDA-registered and GMP-certified facility, Cortexi promotes healthy hearing, enhances mental acuity, and sharpens memory.

  23. Sight Care is a daily supplement proven in clinical trials and conclusive science to improve vision by nourishing the body from within. The Sight Care formula claims to reverse issues in eyesight, and every ingredient is completely natural.

  24. This is the right blog for anyone who wants to find out about this topic. You realize so much its almost hard to argue with you (not that I actually would want…HaHa). You definitely put a new spin on a topic thats been written about for years. Great stuff, just great!

  25. I would like to thnkx for the efforts you have put in writing this blog. I am hoping the same high-grade blog post from you in the upcoming as well. In fact your creative writing abilities has inspired me to get my own blog now. Really the blogging is spreading its wings quickly. Your write up is a good example of it.

  26. What makes Sumatra Slim Belly Tonic even more unique is its inspiration from the beautiful Indonesian island of Sumatra. This supplement incorporates ingredients that are indigenous to this stunning island, including the exotic blue spirulina. How amazing is that? By harnessing the power of these rare and natural ingredients, Sumatra Slim Belly Tonic provides you with a weight loss solution that is both effective and enchanting.

  27. I am absolutely thrilled to introduce you to the incredible Sumatra Slim Belly Tonic! This powdered weight loss formula is like no other, featuring a powerful blend of eight natural ingredients that are scientifically linked to fat burning, weight management, and overall weight loss. Just imagine the possibilities! With Sumatra Slim Belly Tonic, you have the opportunity to finally achieve your weight loss goals and transform your body into the best version of yourself.

  28. What makes Sumatra Slim Belly Tonic even more unique is its inspiration from the beautiful Indonesian island of Sumatra. This supplement incorporates ingredients that are indigenous to this stunning island, including the exotic blue spirulina. How amazing is that? By harnessing the power of these rare and natural ingredients, Sumatra Slim Belly Tonic provides you with a weight loss solution that is both effective and enchanting.

  29. ProDentim offers a plethora of benefits that are sure to improve your dental and oral health in ways you never thought possible. The unique blend of probiotics and nutrients in ProDentim are clinically proven to repopulate your mouth with good bacteria, support healthy gums and teeth, promote fresher breath, and prevent dental issues and infections.

  30. Your posts always make me feel like I’m not alone in my struggles and insecurities Thank you for sharing your own experiences and making me feel understood

  31. Alpilean, a remarkable natural weight loss supplement, harnesses the power of exceptional components sourced from the pristine Alps. These potent substances work synergistically to invigorate your metabolism, incinerate fat, and foster cardiovascular well-being. Remarkably, Alpilean aids in appetite control, effectively curbing cravings for unhealthy foods, thereby facilitating a wholesome and sustainable weight loss journey. Rest assured, the formula is free from any potentially harmful chemicals or additives, having undergone rigorous safety testing. Its unparalleled blend of nutrients renders it an advantageous choice for individuals aspiring to shed weight while elevating their overall health and well-being.

  32. Red Boost comes with a 180-day, 100% money-back guarantee, which means that customers have 180 days from the date of purchase to try the product and see if it works for them. Within this time frame, they can ask for a full refund if they are not happy with the results.

  33. Fluxactive Complete’s formulation contains only organic ingredients that have been shown to improve prostate health. These ingredients work together to provide your body with the nutrients it requires. Your overall health improves once your body receives a healthy dose of these nutrients.

  34. Sugar Defender’s prowess in managing blood sugar is deeply rooted in its exceptional blend of natural ingredients, each playing a distinct role that contributes to the overall success of the supplement. Here are some noteworthy positive impacts of the Sugar Defender Ingredients blend:

  35. Sugar Defender transcends symptom-focused interventions, delving into the root causes of glucose imbalance. It stands as a dynamic formula that seamlessly aligns with the body’s intrinsic mechanisms, presenting a distinctive and holistic approach to enhancing overall well-being. Beyond a mere supplement, Sugar Defender emerges as a strategic ally in the pursuit of balanced health.

  36. Sugar Defender transcends symptom-focused interventions, delving into the root causes of glucose imbalance. It stands as a dynamic formula that seamlessly aligns with the body’s intrinsic mechanisms, presenting a distinctive and holistic approach to enhancing overall well-being. Beyond a mere supplement, Sugar Defender emerges as a strategic ally in the pursuit of balanced health.

  37. I’ve been browsing online greater than 3 hours these days, but I never found any fascinating article like yours. It¦s pretty worth sufficient for me. In my view, if all site owners and bloggers made good content material as you probably did, the internet will probably be a lot more helpful than ever before.

  38. What Is Sugar Defender?Sugar Defender is a new blood sugar-balancing formula that has been formulated using eight clinically proven ingredients that work together to balance sugar levels.

  39. I have been absent for some time, but now I remember why I used to love this website. Thanks, I will try and check back more often. How frequently you update your website?

  40. I haven’t checked in here for some time as I thought it was getting boring, but the last few posts are great quality so I guess I will add you back to my daily bloglist. You deserve it my friend 🙂

  41. Hello! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Anyhow, I’m definitely happy I found it and I’ll be bookmarking and checking back frequently!

  42. FitSpresso is a natural weight loss supplement crafted from organic ingredients, offering a safe and side effect-free solution for reducing body weight.

  43. I have been absent for some time, but now I remember why I used to love this website. Thanks , I will try and check back more often. How frequently you update your web site?

  44. Keep up the superb piece of work, I read few articles on this web site and I believe that your weblog is really interesting and has bands of fantastic information.

  45. Hey there would you mind letting me know which hosting company you’re working with? I’ve loaded your blog in 3 completely different web browsers and I must say this blog loads a lot quicker then most. Can you suggest a good internet hosting provider at a reasonable price? Thanks a lot, I appreciate it!

  46. Unquestionably believe that which you said. Your favorite reason seemed to be on the internet the easiest thing to be aware of. I say to you, I certainly get irked while people consider worries that they plainly do not know about. You managed to hit the nail upon the top and defined out the whole thing without having side-effects , people could take a signal. Will probably be back to get more. Thanks

  47. Thanks for your personal marvelous posting! I seriously enjoyed reading it, you’re a great author.I will ensure that I bookmark your blog and will often come back from now on. I want to encourage you to ultimately continue your great work, have a nice day!

  48. I¦ve learn a few good stuff here. Definitely value bookmarking for revisiting. I wonder how so much effort you put to create such a wonderful informative website.

  49. I genuinely enjoy examining on this web site, it has got excellent content. “The living is a species of the dead and not a very attractive one.” by Friedrich Wilhelm Nietzsche.

  50. I’ve been browsing on-line greater than three hours today, yet I by no means discovered any interesting article like yours. It is pretty price enough for me. In my opinion, if all webmasters and bloggers made just right content material as you probably did, the net will be a lot more useful than ever before. “Learn to see in another’s calamity the ills which you should avoid.” by Publilius Syrus.

  51. What Is ZenCortex? ZenCortex is a natural supplement that promotes healthy hearing and mental tranquility. It’s crafted from premium-quality natural ingredients, each selected for its ability to combat oxidative stress and enhance the function of your auditory system and overall well-being.

  52. I’m impressed, I must say. Actually hardly ever do I encounter a blog that’s each educative and entertaining, and let me inform you, you’ve got hit the nail on the head. Your concept is outstanding; the difficulty is something that not sufficient persons are speaking intelligently about. I am very glad that I stumbled across this in my seek for something regarding this.

  53. This web page is mostly a stroll-via for all of the information you needed about this and didn’t know who to ask. Glimpse here, and you’ll positively uncover it.

  54. This is really interesting, You’re a very skilled blogger. I’ve joined your rss feed and look forward to seeking more of your magnificent post. Also, I’ve shared your site in my social networks!

  55. I happen to be writing to make you be aware of what a wonderful encounter my princess obtained going through yuor web blog. She came to understand lots of details, which include what it’s like to possess an awesome helping spirit to get most people completely learn about certain multifaceted issues. You undoubtedly surpassed our own desires. I appreciate you for delivering the essential, healthy, educational and also easy tips about the topic to Emily.

  56. I’m impressed, I need to say. Actually rarely do I encounter a weblog that’s both educative and entertaining, and let me tell you, you could have hit the nail on the head. Your concept is outstanding; the issue is one thing that not sufficient people are talking intelligently about. I’m very blissful that I stumbled across this in my seek for something regarding this.

  57. Great – I should certainly pronounce, impressed with your web site. I had no trouble navigating through all the tabs and related information ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, site theme . a tones way for your customer to communicate. Nice task.

  58. Thank you for any other informative blog. The place else may just I get that type of information written in such a perfect method? I’ve a challenge that I’m simply now working on, and I have been on the glance out for such info.

  59. Hi, Neat post. There’s an issue with your website in internet explorer, would test thisK IE nonetheless is the marketplace leader and a good element of people will omit your wonderful writing because of this problem.

Leave a Reply

Your email address will not be published. Required fields are marked *