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🇳🇬 Nigeria /Technology

NITDA denies involvement in CPM fund recovery claims

From The Punch · () English

Summarized and contextualized by DistantNews.

At a glance

News Official statement Context piece
  • The National Information Technology Development Agency (NITDA) has denied claims linking it to the recovery of funds from the "CPM" online platform.
  • NITDA stated that operators of the platform falsely told subscribers that the agency was assisting in fund recovery, requiring additional payments.
  • The agency warned the public against making such payments and advised caution regarding online investment platforms.

Nigeria's National Information Technology Development Agency (NITDA) has issued a strong denial regarding any involvement in the recovery of funds from the online marketing and earning platform known as "CPM."

The agency released a public disclaimer on Monday, refuting reports that subscribers of the CPM platform were instructed to make additional payments to recover their funds, with claims that NITDA was assisting in the process.

NITDA wishes to categorically state that these claims are false and misleading.

— Mrs. Hadiza UmarNITDA's Director of Corporate Communications and Media Relations issued a disclaimer denying involvement in the CPM fund recovery.

According to NITDA, the platform's operators allegedly informed users that the system had been hacked and that NITDA's intervention required further payments. However, the agency categorically described these claims as "false and misleading."

As a government agency and Nigeria’s Information Technology regulator, NITDA does not request or collect money from citizens to provide incident response support, recover funds, or assist private entities in resolving cybersecurity incidents.

— NITDA StatementThe agency clarified its role and procedures regarding cybersecurity incidents and fund recovery.

NITDA stressed that it never requests or collects money from citizens for incident response support, fund recovery, or assistance with cybersecurity incidents involving private entities. "As a government agency and Nigeria’s Information Technology regulator, NITDA does not request or collect money from citizens to provide incident response support, recover funds, or assist private entities in resolving cybersecurity incidents," the agency stated.

The agency urged the public to exercise caution and avoid making any additional payments to individuals or groups claiming to represent NITDA. It warned that such requests might be part of social engineering or fraudulent activities aimed at exploiting victims. NITDA advised Nigerians to be wary of online investment platforms, refrain from sending more money to recover losses, verify government involvement through official channels, and protect sensitive personal or financial information.

Members of the public are therefore strongly advised to exercise caution and avoid making any additional payments to any individual, group, or platform claiming that such payments are required by or connected to NITDA.

— NITDA StatementThe agency warned the public against fraudulent claims related to fund recovery.
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Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.

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