Zenith Bank Disowns Fraudulent 'Wealth Bridge' Scheme

Zenith Bank PLC issued a statement on Tuesday, disowning a fraudulent investment scheme known as "Wealth Bridge" and warning the public about a viral video falsely linking the scheme to its group chairman, Jim Ovia. The bank described the circulating video as promoting a fraudulent investment platform that allegedly promises returns of N2 million weekly for a contribution of N380,000.

Zenith Bank categorically denied any affiliation with the scheme and emphasized that the claims made in the video are entirely false. The bank also highlighted that the video misrepresents the endorsement of the investment scheme by suggesting it is backed by the Central Bank of Nigeria.

Furthermore, the fraudulent content reportedly redirects individuals to a fake webpage designed to capture personal information. Zenith Bank urged the public to exercise caution when approached with investment offers that promise unusually high returns and reaffirmed its commitment to protecting customers and maintaining transparency.