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BUA Group Disowns AI Video Promoting Fraudulent Scheme

BUA Group Disowns AI Video Promoting Fraudulent Scheme

BUA Group has officially disassociated itself from a viral AI-generated video circulating on social media that falsely promotes an investment scheme featuring its founder and Executive Chairman, Abdul Samad Rabiu. The company stated that the video promises unrealistic investment returns and aims to mislead the public into participating in a fraudulent scheme.

BUA Group emphasized that neither Abdul Samad Rabiu nor any of its subsidiaries are connected to the platform depicted in the video, which is constructed to give the impression of endorsement. The company urged the public to disregard the content entirely and warned individuals against engaging with platforms that promote unrealistic returns.

BUA Group also advised that such schemes often defraud unsuspecting victims and encouraged reporting the content to the relevant law enforcement agencies. This incident is part of a growing trend of AI-generated impersonation scams targeting public figures and corporate brands.

Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.

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