- A fake Zenith Bank Facebook page offers loans to the public and asks them to enter their debit card details to access the loan
- Financial and tech experts have blamed the ad saying it is a phishing site created to scam the unsuspecting public
- Zenith Bank said nothing about the announcement but a source said the announcement was not from the bank
A fake Facebook ad allegedly from one of Nigeria’s biggest banks, Zenith Bank, is making the rounds on the social networking site.
The fake Facebook page is asking the unsuspecting public to apply for loans ranging from one month to 12 months, an investigation by Legit.ng reveals.
With watered down English, the phishing ad asks users to enter their ATM card and account details in order to access the loan.
What the fake ad says
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A statement from the page read:
“Zenith Bank is also one of the leading financial lending companies that offers fast loans to customers and non-bank customers with zenith without collateral or paperwork in Nigeria.”
The ad went on to say that this is one of the quick loans offered by Zenith Bank to “provide financial assistance to those who need it but are unable to obtain regular loans. for some reason,” the fake Facebook page said. .
What experts say about the announcement
Financial experts approached by Legit.ng to verify the authenticity of the ad said it was just a phishing ad aimed at defrauding the public.
Jonathan Igwe, a financial expert, told Legit.ng that the public should be wary of such an offer allegedly coming from Zenith Bank.
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“Look at the language the ad was written with. It is purely a fake Facebook page. A reputable bank like Zenith Bank will hire the services of good copywriters to clean up this pedestal language.
Justin Osarehmen said such banal language would not have come from Zenith Bank.
“Besides the language used, the bank will still publish this information through its apps and official website and will also broadcast jingles and advertisements on radio and television.”
There was no official statement from Zenith Bank, but a privileged source who spoke on condition of anonymity because she was not authorized told Legit.ng that the bank was not making the promoting its loans in this way.
The source said:
“The bank has several loan programs going, but not this one in particular. We don’t use that kind of font and language.
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Legit.ng reported that investors at Chinmak Group, an investment company, shouted on social media that their investment was about to go up in flames as the company failed to meet its obligations.
Investors who took to social media said they were unhappy with the company’s silence on its failed plans to pay them their monthly returns as promised by the company.
The Punch reports that around 45,000 aggrieved investors slammed the group’s chairman, Marksman Ijiomah and the company’s social media influencer and brand ambassador, Amanda Chisom.