To safeguard their finances against these crooks, Nigerians are advised by the Central Bank of Nigeria (CBN) to educate both themselves and their offspring about the tactics used by con artists and fraudsters.
Deputy Governor in charge of Financial System Stability (FSS), Mr. Philip Ikeazor, spoke yesterday in Abuja during the celebration of 2024 Global Money Week (GMW). He stated that people should take all necessary precautions to protect their money from fraudsters and that children should be taught how thieves defraud the public of their hard-earned money.
He states that the topic for this year’s event, “Protect your Money, Secure your Future,” emphasizes the value of teaching children early on to constantly consider their future when making financial decisions and to make plans in accordance with those plans.
It highlights how crucial it is to understand frauds and scams, save money, and make investments for the future in addition to earning money. Having these skills at such an early age will help you become financially independent and secure in the future.
In actuality, financial stability is not always ensured by earning a high enough salary. The key to having a secure future is being able to manage your financial resources by developing and refining your skills and attitudes.
Furthermore, it’s critical to understand the many kinds of frauds and scams, how to deal with con artists, and several strategies for safeguarding your money both offline and online.
This also means being aware of how to report scammers or fraudsters to a bank in the event that you come across them. In summary, your future is greatly impacted by the financial and educational choices you make today.
Thus, you will have a better future if you pick up these talents early on and practice regularly. Thus, while you’re still young, manage your money wisely by saving, creating a budget, and pursuing education.