Central Bank Warns The Public Against EDIs

The Central Bank of Nigeria (CBN) has warned against Entrepreneurial Development Institutions (EDIs) who claim to be accredited by the apex bank for its Agri-Business Small and Medium Enterprises Investment Scheme (AGSMEIS).

In a statement released by Isaac Okoroafor, Director of Corporate Communications of CBN, he said;

”Our attention has been drawn to the exploitation of unsuspecting members of the public some Entrpreneurship Development Institutions (EDIs), purporting to be Central Bank of Nigeria (CBN)-accredited EDIs for our Agri-Business Small and Medium Enterprises Investment Scheme(AGSMEIS).

These accredited bodies have continued to defraud and exploit members of its public by advertising for courses and charging training fees ranging on the pretext that the training is endorsed by the CBNanf therefore would guaranteeeasy access to AGSMEIS loans.

For the avoidance of doubt, the CBN has neither appointed nor accredited any organisation to conduct any training on its behalf for the purpose of applying for AGSMEIS loans.

The Public is therefore advised to beware of the activities of these non-accredited private and public organisations, and report anyone or group that approaches them for these illegal and unauthorised trainings, to the enforcement agencies.

The Public is also advised to contact the CBN on 07002255226 or send an email to contactcbn@cbn.gov.ng




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