Zenith Bank Plc has distanced itself from a “doctored video” and manipulated photos circulating on social media that falsely depict its Group Chairman, Jim Ovia, endorsing a fraudulent funding scheme often known as “Wealth Bridge.”
The bank issued the disclaimer by way of its official X (previously Twitter) deal with on Tuesday.
In keeping with the assertion, the video, reportedly shared from a Fb account named “Greece Island”, invitations members of the general public to enter into a enterprise relationship with the so-called entity.
The clip falsely guarantees returns of as much as N2 million weekly on an preliminary funding of N380,000 and claims that the scheme has the backing or approval of the Central Bank of Nigeria (CBN).
What they’re saying
Zenith Bank described the claims within the circulating video as fully false and urged the general public to disregard them.
- “This declare is fully false and has no connection in any way to the Group Chairman, the bank, or any of its affiliate corporations,” it stated.
- “The video redirects unsuspecting members of the general public to an alleged Come up Information webpage with the main points of this scheme and an embedded registration portal for signups.
- “Most people is hereby suggested to ignore these fraudulent communications.”
Backstory
The emergence of AI-generated and manipulated movies has turn out to be a rising instrument for fraudsters concentrating on unsuspecting Nigerians.
Final week, Director-Basic of the World Commerce Group, Ngozi Okonjo-Iweala, alerted the general public to a pretend AI-generated video that falsely portrayed her selling an analogous funding scheme.
The manipulated video claimed individuals might earn tens of millions of naira inside per week from a minimal funding of N380,000, describing the chance as an “official programme” backed by the federal government and managed by monetary specialists.
It additionally created synthetic urgency by stating that restricted slots have been obtainable.
Such schemes sometimes promise assured excessive returns, declare regulatory endorsement, and use the likeness of outstanding people to achieve credibility.
Extra insights
Zenith Bank cautioned that anybody participating with the “Greece Island” deal with, “Wealth Bridge,” or different associated platforms talked about within the fraudulent supplies does so at their very own threat.
The bank reiterated its recommendation for members of the general public to ignore the pretend movies and confirm funding alternatives by means of official and credible channels.
What you must know
In its unaudited nine-month monetary report ending September 2025, Zenith Bank posted a pre-tax revenue of N917.4 billion.
For Q3 2025 alone, the Group recorded a pre-tax revenue of N291.78 billion, reflecting a 6% improve from N275.8 billion in Q3 2024.
Gross earnings rose by 16.29% year-on-year to N3.37 trillion within the first 9 months of 2025, up from N2.89 trillion recorded throughout the identical interval in 2024.
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