Bank of Industry cautions Nigerians that it ‘is not giving grants’

With unscrupulous elements latching on the fallout created by the covid 19 pandemic to swindle people, the Bank of Industry (BoI) has cautioned members of the general public to avoid being victims of such scams by people using its name.

Specifically, the bank said in a statement that it is not giving grants as being peddled in the social media, warning people to be wary of requests for application and registration for such grants.

Noting that the institution gives out business loans, not grants, the BOI warned that it has no direct or indirect relationship with the people peddling such solicitations.

“The attention of the Bank of Industry (BoI) has been drawn to messages in social media soliciting applications for a purported grant from the bank and wishes to state emphatically that it is not giving grants,” the statement read.

“In one of the messages sighted, members of the public are urged to go to “No. 13 Umo Edem Street, off Ekpo Abasi junction, Calabar, for image capturing to process their application.

“The Bank warns that this is a scam and it has no direct or indirect relationship with the persons behind it.

“For the avoidance of doubt, BoI does not give grants, and it has not asked any agency or organisation to do so on its behalf.

“Anyone who entertains such invitations or deals with the fraudsters does so at his or her own risk.

“The Bank of Industry continues to prioritise its support for genuine MSMEs to stimulate national economic recovery and growth and wishes once again to advise members of the public to be careful of fraudsters.”