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Zenith Bank Warns About Fake Wealth Bridge Videos Impersonating Chairman Jim Ovia
Zenith Bank has issued a strong warning to Nigerians about fake videos spreading on social media. These videos falsely show the bank’s Group Chairman, Jim Ovia, promoting a shady investment scheme called Wealth Bridge. The bank says the videos are total fakes with no link to it or Ovia.
The scam videos come from a Facebook page named “Greece Island.” They promise huge weekly returns of up to ₦2 million if you invest just ₦380,000. To trick people, the videos claim the Central Bank of Nigeria (CBN) has approved the scheme. They also send viewers to a fake webpage that looks like it’s from Arise News, complete with a registration portal.
On Tuesday, Zenith Bank posted on its official X account to set things straight. It called the videos, promotional materials, and related accounts all fake. The bank made it clear: Jim Ovia and none of its companies have anything to do with Wealth Bridge or those pushing it.
This scam is cleverly designed to fool people. Scammers use Ovia’s face because he is one of Nigeria’s top bankers and Zenith Bank’s founder. His name makes the offer seem real to those who don’t check closely. Adding a fake CBN approval plays on how most Nigerians know legit investments need bank okay. It shuts down doubts right away.
The phony Arise News page adds more trust. Arise News is a well-known media outlet, so copying it makes the scam look like real news. The ₦380,000 starting amount is smart too. It’s big enough to feel special and exclusive, but not so huge that middle-class folks can’t afford it. Who wouldn’t bite if they thought ₦2 million comes back every week?
Zenith Bank didn’t stop at Wealth Bridge. It listed other fake outfits to avoid: Greece Island, Delicious Site, AfriQuantumX, and Stock Market Analyst 1. The bank warned that dealing with any of these based on the videos is at your own risk.
Investment scams like this are getting smarter every day. Gone are the days of simple spam emails. Now, fraudsters build fake websites, copy trusted news sites, and use edited videos or even AI to make famous people like Ovia seem to endorse their lies. They target busy Nigerians who scroll social media without thinking twice.
Jim Ovia’s good name as a respected leader makes him a prime target. Zenith Bank urges everyone to stay alert. Always check official sources before handing over money. If it sounds too good to be true, like doubling your cash weekly, it probably is.
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This alert comes at a time when scams are rising across Nigeria’s digital spaces. With fintech booming, bad guys are quick to exploit trust in big names and regulators. Zenith’s quick action on X helps spread the word fast, but Nigerians must do their part. Verify claims, ignore unsolicited investment pitches, and report fakes.
By naming the culprits, Zenith Bank arms the public with facts. Greece Island and its pals prey on hope for quick riches. But real wealth builds slowly through verified paths, not social media miracles.
Stay safe out there. Double-check before you click or invest.
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