By Ngozi Onyeakusi—The Central Bank of Nigeria has warned individuals to desist from dealing in illegal financial schemes or with illegal financial institutions that are not licensed or recognised by it. According to the bank, it is doing all it can to stop all illegal financial institutions that are not recognised by it. The Director, Communications Department CBN, Mr Osita Nwanisobi, gave this warning while speaking at a CBN Sensitisation Fair themed, ‘Promoting financial stability and economic development,’ held in Akure, Ondo State. He said, “You should be wary of any institution that begins to ask you to bring your money for an extremely very high-interest rate. The CBN licenses institutions, they are recognised and they are regulated. “So, it is your responsibility to ensure that wherever you put your money or whoever you are doing financial business with, is recognized by the CBN.” Speaking at the event, the Branch Controller of the CBN, Akure Branch, Mr Fatai Adebare, explained that the fair was designed to enable regular interface with the members of the public.