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Zenith Bank Warns Public Against Fake Investment Endorsement

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Zenith Bank Plc has advised members of the public to disregard videos circulating online falsely linking its Group Chairman, Dr. Jim Ovia, to the endorsement of an investment scheme known as Wealth Bridge.j

In a statement posted on its official X (formerly Twitter) handle on Tuesday, the bank said the videos urged unsuspecting individuals to enter into a business relationship with the entity, falsely claiming that the Central Bank of Nigeria (CBN) had approved or endorsed the scheme.

The bank described the videos and accompanying promotional materials as fraudulent, stressing that they have no connection whatsoever with Zenith Bank, its Group Chairman, or any of its affiliates.

According to the statement, the videos, circulated via a Facebook account named “Greece Island,” promised up to ₦2 million in weekly returns on a ₦380,000 investment contribution.

“The video redirects unsuspecting members of the public to an alleged Arise News webpage containing details of the scheme and an embedded registration portal for sign-ups.

“This claim is entirely false and has no connection whatsoever to the Group Chairman, the Bank, or any of its affiliate companies,” the bank stated.

Zenith Bank urged the general public to disregard the fraudulent communications.

It further warned that anyone who engages with the “Greece Island” handle, Wealth Bridge, Delicious site, AfriQuantumX, Stock Market Analyst 1, or any other entity based on the fake videos and images circulated by impostors, does so strictly at his or her own risk.

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