World Bank Giving Out Money To Individuals For Business? Bank Sends Important Message To Nigerians

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The World Bank has fired warning to Nigerians on the reports by fraudsters making the rounds online that it is giving out money to individuals to do business.

In a statement released in Abuja on Monday by Olufunke Olufon, the World Bank said it is not giving out money to individuals to do business and warned members of the public to be wary of fraudsters parading as its representatives and soliciting fees to enlist prospective beneficiaries in a fake scheme.

According to Premium Times, he spokesperson of the bank in Nigeria, disclosed that the group has been going about demanding processing fees of about N1000 from unsuspecting prospective awardees to be enlisted in the scheme.

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While dissociating the bank from the scheme, Ms. Olufon, said representatives of the fraudulent multi-purpose cum co-operative scheme have in recent time been advertising their activities in some local communities in the country.

“Several correspondences targeting innocent citizens are being circulated falsely claiming that the World Bank is giving out money to individuals to do business and demanding processing fees of N1000 from prospective awardees”, Ms. Olufon stated.

“Please note that: The World Bank is not behind this multi-purpose scheme. The World Bank does not request for personal financial information for applicants to its programmes,” she added.

The bank urged members of the public to verify any information regarding any World Bank-assisted programmes purportedly offered by any individual or groups on its website. Ms. Olufon said the World Bank would not be held responsible for any refunds of fees solicited by fraudsters purporting to act on its behalf.

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With the country’s economic situation on a downwards spin since the coming of recession last year, some fraudulent operators have taken advantage of some Nigerians who are desperate to eke their survival through any means possible.

Some of the groups that have fed fat on the ignorance of some Nigerians include operators of some Ponzi schemes in the country, namely MMM, Twinkas, My Liberty Family, MLF, Swiss Golden and Crypto currency

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