The Management of Zenith Bank Plc has advised the public to disregard videos circulating online claiming the bank’s Group Chairman, Dr Jim Ovia, endorsed an investment scheme known as Wealth Bridge.
The bank distanced its Chairman from the fraudulent scheme via a disclaimer issued on Tuesday.
It further said that the scheme was dubuous in its entirety.
The falsified scheme which videos were circulated through the Greece Island Facebook handle, promised anyone who signed up for it up to two million naira in weekly returns on a contribution of N380, 000 investment.
Zenith bank in the statement in which it dismissed Ovia’s link to the ponzi scheme also affirmed that claim in the video that the investment scam has the endorsement of Central Bank of Nigeria, CBN, is false.
The statement titled: DISCLAIMER, reads:
“Our attention has been drawn to a doctored video and still pictures currently circulating on social media, purporting to depict the Group Chairman of Zenith Bank Plc (“the Bank”) as endorsing an investment scheme called “Wealth Bridge” on the “Greece Island” Facebook handle and soliciting members of the public to engage in a business relationship with the so-called entity.
“This claim is entirely false and has no connection whatsoever to the Group Chairman, the Bank or any of its affiliate companies.
“This video makes a fake promise of up to N2 million in weekly returns on a contribution of N380,000 investment in the aforementioned project via a Facebook group.
“The video goes on to allege that the Central Bank of Nigeria (CBN) approves/endorses this said project. The video redirects unsuspecting members of the public to an alleged “Arise News” webpage with details of this “scheme” and an embedded registration portal for signups. This claim also is entirely false and has no connection whatsoever to the Bank or its Group Chairman.
“For the avoidance of doubt, all the videos and promotional materials referenced above are FAKE and have nothing to do with Zenith Bank Plc or Dr. Jim Ovia, CFR. The Group Chairman of Zenith Bank and the Bank have no knowledge of the said investment scheme and have not entered into any partnership with the companies, individuals, or platforms behind these schemes.”
Continued: “The general public is hereby advised to disregard these fraudulent communications. Anyone who engages with the “Greece Island” handle, “Wealth Bridge”, “delicious sitee”, “AfriQuantumX”, “Stock market analyst 1” or any other entity on the basis of these fake videos and images published by
impostors does so strictly at his or her own risk.”
