NITDA denies involvement in CPM fund recovery claims

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The National Information Technology Development Agency has denied claims linking it to the recovery process of funds allegedly lost on an online marketing and earning platform identified as “CPM.”

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In a public disclaimer issued by the agency on X on Monday by its Director, Corporate Communications and Media Relations Department, NITDA, Mrs. Hadiza Umar,
nsaid it received reports that subscribers of the platform were told the system had been “hacked” and that additional payments were required to resolve the issue and recover their funds.n

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According to the agency, the operators allegedly informed subscribers that NITDA was assisting in the recovery process and that users needed to make extra payments to support the intervention.

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However, NITDA described the claims as false and misleading.

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“NITDA wishes to categorically state that these claims are false and misleading,” the agency stated.

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The agency stressed that it does not request or collect money from citizens to provide incident response support, recover funds, or assist private entities in resolving cybersecurity incidents.

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“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 statement added.

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The agency warned members of the public against making additional payments to individuals or groups claiming to act on behalf of NITDA.

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“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,” it said.

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NITDA further noted that the pattern of requests being made to affected individuals could indicate possible social engineering or fraudulent activity aimed at exploiting victims under the guise of recovering lost investments.

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The agency advised Nigerians to exercise caution when dealing with online investment and trading platforms, avoid sending more money in attempts to recover previous losses, verify claims of government involvement through official channels, and refrain from sharing sensitive personal or financial information with unverified entities.

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“NITDA remains committed to promoting cybersecurity awareness and protecting the public against cyber-enabled fraud and deceptive online activities,” the statement concluded.

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