Zenith Bank Confirms Chairman Jim Ovia Not Linked to Fake Wealth Bridge Investment Scheme

...Sends Strong Warning Over Dubious AI Video

Zenith Bank Plc has urged the public to ignore videos circulating online that falsely link the bank’s Group Chairman, Dr Jim Ovia, to an investment scheme called Wealth Bridge.

In a statement issued on Tuesday, the bank described the videos and promotional materials as fraudulent and confirmed that they have no connection to either the bank or its chairman.

The bank said the videos, shared via a Facebook account called Greece Island, promised investors up to two million naira in weekly returns on a contribution of N380,000. Zenith Bank warned the public that anyone engaging with the scheme does so at their own risk. The bank emphasised that claims of endorsement by the Central Bank of Nigeria (CBN) are untrue.

“The video redirects unsuspecting members of the public to an alleged Arise News webpage with the details of this scheme and an embedded registration portal for signups,” the statement noted.

DISCLAIMER

“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.

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.”