Breaking News
Zenith Bank Tells General Public to Disregard Investment Scheme Video Linking Jim Ovia
Zenith Bank Plc has advised members of the public to disregard videos circulating online linking the Banks’ Group Chairman, Dr Jim Ovia, as endorsing an investment scheme known as Wealth Bridge.
The bank gave the advice on its official X on Tuesday in Abuja.
It said that the videos had urged members of the public to engage in a business relationship with the entity alleging that the Central Bank of Nigeria (CBN) approved or endorsed the project.
It described the videos and promotional materials as fake and had nothing to do with the bank or its Group Chairman.
The bank said that the videos which circulated through the `Greece Island’ Facebook handle, made a fake promise of up to two million naira in weekly returns on a contribution of N380, 000 investment.
“The video redirects unsuspecting members of the public to an alleged Arise News webpage with the details of this scheme and an embedded registration portal for signups.
“This claim is entirely false and has no connection whatsoever to the Group Chairman, the Bank or any of its affiliate companies.
“The general public is hereby advised to disregard these fraudulent communications.
“Anyone who engages with the Greece Island handle, Wealth Bridge, delicious site, AfriQuantumX, Stock market analyst 1 or any other entity on the basis of these fake videos and images published by impostors, does so strictly at his or her own risk,’’ the bank said.
Breaking News
Islam Is Innocent About Terrorism, Other Criminal Activities In Nigeria- FASON Declares
Federation of Ahlus-Sunnah Organisations in Nigeria, FASON, has declared that Islam has no link with terrorism, banditry, kidnapping or any other criminal activities.
The Islamic group noted that anyone who believes in the teachings and principles of Islam will not engage in any form of criminal activities.…For more, Complete your reading.
Breaking News
Aisha Yesufu Pushes For New Law Against Using Contractors As Bankers
Socio-political activist, Aisha Yesufu, has advocated for the enactment of a law that would compel all levels of government in Nigeria to settle contractors’ invoices within 30 days of project completion or service delivery.
The proposal was contained in a post shared on Yesufu’s official social media page, where she argued that delayed payments to contractors have continued to affect businesses, infrastructure development and job creation across the country.
Yesufu suggested that any outstanding payment beyond 30 days should attract mandatory interest calculated at the prevailing Central Bank of Nigeria Monetary Policy Rate plus an additional five per cent.
“There is a need for a strong, enforceable law to be enacted that compels every tier of government to pay contractors all due invoices within 30 days, with mandatory interest on any delayed payment,” she stated.
She argued that many contractors complete projects only to face prolonged delays in receiving payment, a situation she said has pushed several businesses into financial difficulties.
“Contractors will deliver on their work only for governments to delay payments for months or years, pushing many businesses into distress and liquidation,” Yesufu said.
According to her, the proposed law would discourage the practice of using contractors as a source of unofficial credit for government projects.
“No more using contractors as unwilling bankers,” she added.
The activist further maintained that delayed payments to contractors remain a major challenge to economic growth, infrastructure delivery and employment generation in Nigeria.
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