IN SHORT: A number of Facebook pages claim to offer investment services under the name of the Central Bank of Nigeria. But beware! The central bank has distanced itself from all of the pages, warning Nigerians of scams.

Several Facebook pageshave been createdclaiming to help Nigerians with their investments.

The pages have one thing in common - they all use the name of the Central Bank of Nigeria (CBN). The names of the pages vary fromCBN Investment PlatformandNigeria CBN Helping Hand Investment PlatformtoCBN Helping Hand Trading InvestmentandCBN Helping Hand Trading Platform.

One August 2022postreads: "Nigeria Central Bank Helping Hand Investment is a financial support to all Nigerian citizens. It's a place where you invest your money between two to three hours you also get your double income of what you invest but you can only invest once in a day."

Anotherpost claims"CBN Investment" is a network marketing business that will double your investment within "one hour to 45 minutes" andcalls itself"a panacea for job creation and poverty alleviation".

But are any of these a scheme of Nigeria's central bank?

'We have no affiliation with such online schemes'

Central banks across the world help their governments梅ntaineconomic and financial stability.

Their功能include issuing currencies, acting as the government's banker and as the custodian of cash reserves belonging to commercial banks.

In astatementposted on their social media page, the Central Bank of Nigeria said it is not affiliated to any of the Facebook pages offering too-good-to-be-true investment opportunities.

"The Central Bank of Nigeria wishes to dissociate itself from online schemes such as CBN Helping Hands Investment Programme purporting to be the bank's representative," the bank'sstatementread.

"Members of the public are therefore advised not to have any dealings with such unauthorised groups as they are not acting on behalf of the CBN."