Champion Newspapers Limited
For a better society

CBN warns public to beware of fraudulent EDIs

Print Friendly, PDF & Email


The Central Bank of Nigeria (CBN) advised members of the public to beware of the activities of the non- accredited private and public organizations, and report anyone or group that approaches them for illegal and unauthorized trainings, to the law enforcement agencies.

In a statement posted on its website and signed by the Director, Corporate Communications, Isaac Okorafor, CBN said: “Our attention has been drawn to the exploitation of unsuspecting members of the public by some Entrepreneurship Development Institutions (EDIs), purporting to be CBN-accredited EDIs for our AgriBusiness Small and Medium Enterprises Investment Scheme (AGSMEIS).

“These unaccredited bodies have continued to defraud and exploit members of the public by advertising for courses and charging training fees ranging on the pretext that the training is endorsed by the CBN and therefore would guarantee easy access to AGSMEIS loans”.

For the avoidance of doubt, the apex bank said it has neither appointed nor accredited any organization to conduct any training on its behalf for the purpose of applying for AGSMEIS loans.

“The Public is also advised to contact the Central Bank of Nigeria (CBN) on 07002255226 or send an email to for any clarification.

For a better society

Comments are closed.