“Beware of Scammers, We Didn’t Endorse Any Money-Doubling Financial Investment Scheme” ~NITDA

The Federal Government, through the National Information Technology & Development Agency, NITDA, has called on the public to disregard the news going round that the Agency or its staff endorses the various money doubling Financial Investments Schemes. NITDA warns Nigerians not to succumb to any quick gain deceptions by the various dubious companies, and advised that people be careful about the kind of WhatsApp platforms or groups they join, as fraudsters and online scammers often take advantage of the information around the phone numbers and use their identities to send phony messages to unsuspecting victims, and conduct online frauds.

NITDA disclosed this evening on the 9th August 2020. In a statement issued today, the Agency said that the public should verify from relevant agencies, the licences of Corporate Investment Advisers, before doing business. The statement read as follows.


“The National Information Technology and Development Agency, NITDA, hereby calls on the general public to disregard any fake news claiming that the Agency or its staff endorses money doubling Financial Investments scheme.

“The Agency refutes any affiliation or endorsement of these platforms and strongly advises the general public on the need for caution when dealing with online money doubling scheme especially via WhatsApp mobile Application.

“These fraudulent Financial Investment companies lure users by requesting that you join their WhatsApp group, consequently, they access records of citizens phone numbers. These phone numbers can further be used in SMS scams as well as other various cybercrimes.

“The general public is advised to always verify if these firms have clearance from relevant Government Agencies mandated to license Corporate Investment Advisers. The public is further advised to be wary of any quick wins schemes especially if it violates the Nigerian Data Protection Regulation.

“Furthermore, NITDA strongly advises the general public to disregard the malicious investment scheme even if the people behind such purportedly use NITDA’s name, its affiliates, logo and or staff of the agency as a bait to lure the people.

“Mrs Hadiza Umar mnipr m.apra, mcipr 
Head, Corporate Affairs and External Relations, NITDA”””””

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