In a statement posted on its official X (formerly Twitter) account on Tuesday in Abuja, the bank described the circulating videos and promotional materials as fraudulent, stressing that neither the bank nor its chairman has any association with the scheme.
According to the bank, the videos urge unsuspecting individuals to enter into a business arrangement with the entity while falsely claiming endorsement or approval by the Central Bank of Nigeria (CBN). Zenith Bank categorically denied the claims.
The bank further revealed that the misleading content, allegedly disseminated through a Facebook account identified as “Greece Island,” promises unrealistic weekly returns of up to ₦2 million on a purported ₦380,000 investment.
It added that the video redirects viewers to what is presented as an Arise News webpage containing details of the scheme and an embedded registration portal for sign-ups — a development the bank described as entirely false.
“This claim is entirely false and has no connection whatsoever to the Group Chairman, the Bank or any of its affiliate companies,” the statement read.
Zenith Bank urged the general public to disregard the fraudulent communications and avoid engaging with platforms or handles associated with the scheme, including “Greece Island,” “Wealth Bridge,” “Delicious site,” “AfriQuantumX,” and “Stock market analyst 1.”
The bank warned that anyone who interacts with the identified entities or similar platforms based on the fake videos and images does so strictly at their own risk.
The advisory comes amid rising concerns over the proliferation of online investment scams that exploit the names of prominent financial institutions and business leaders to lure unsuspecting victims.
