CBN WARNS NIGERIANS TO AVOID DEALING WITH ILLEGAL, UNLICENSED FINANCIAL OPERATORS
By Emmanuel Adefeso Esq.
The Central Bank of Nigeria (CBN) has warned Nigerians to avoid dealing with illegal and unlicensed financial operators who lure and defraud members of the public.
The Apex Bank in its statement said the increase in the activities of Illegal Financial Operators (IFOs) is becoming worrisome and portends a grave risk to public confidence and the stability of the Nigerian Financial System. The statement contained as follows: “The Financial Services Regulation Coordination Committee (FSRCC) wishes to draw the attention of the general public to the worrisome increase in the