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Zenith Bank Dissociates Jim Ovia From ‘Fraudulent’ A I Investment Scheme

Zenith Bank Plc has cautioned the public against fraudulent videos circulating online falsely claiming that Group Chairman Dr. Jim Ovia endorses an investment scheme called “Wealth Bridge.”

Zenith Bank Dissociates Jim Ovia From ‘Fraudulent’ A I Investment Scheme

Jim Ovia

In a disclaimer issued Tuesday by its management, the bank described the videos—circulated via the “Greece Island” Facebook handle—as entirely fake, doctored content bearing no connection to Dr. Ovia, the bank, or its affiliates.

Read Also: Zenith Bank to Raise N290 Billion in Fresh Capital via Rights Issue and Public Offer

The materials falsely promise up to N2 million in weekly returns for a N380,000 investment, while baselessly alleging Central Bank of Nigeria (CBN) endorsement and redirecting viewers to a sham “Arise News” webpage with a signup portal.

“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,” the statement read.

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

Read Also: Zenith Bank Top Nigerian Bank Pick Ahead of GTCO, AccessCorp

Zenith Bank stressed that Dr. Ovia and the institution have no knowledge of or partnership with “Wealth Bridge,” “delicious sitee,” “AfriQuantumX,” “Stock market analyst 1,” or related entities. The public was warned that dealing with these schemes carries full personal risk.

Ravenewsonline urges vigilance against rising impersonation scams targeting financial institutions.

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Frank
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Franklin Ugo Ndibe is a seasoned Nigerian journalist and media professional renowned for his incisive reporting and editorial leadership in the information and communications technology (ICT) sector.

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