NITDA debunks claims of assisting CPM in fund recovery

By Yahaya Hadi

The National Information Technology Development Agency (NITDA) has denied having any involvement in the recovery of the alleged lost “CPM Funds.”

According to the agency, in a public disclaimer posted on its X account on Monday, May 25, 2026, it had received reports regarding a purported online marketing and earning platform known as “CPM.”

In the report, NITDA noted that the platform operators claimed their system had been “hacked” and that subscribers were required to make additional payments, as NITDA was allegedly helping them resolve the issue.

The agency categorically debunked the claims, describing them as false and misleading information. “NITDA wishes to categorically state that the claims are false and misleading,” the agency said.

The agency used the opportunity to restate its primary duty as Nigeria’s Information Technology regulator, stating that it does not request or collect money from citizens to provide incident response support.

“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.”

Regarding the claims, the agency urged members of the public to avoid sending additional money to any individual or group claiming to be acting on behalf of NITDA.

“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 also advised the public to be cautious when dealing with online investment and trading platforms, avoid making additional payments in an attempt to recover previous losses or investments, verify claims of government involvement through official channels, and avoid sharing sensitive personal or financial information with unverified entities.