Jim Ovia Not Linked to Fake Investment Scheme — Zenith Bank

Zenith Bank Plc has issued a stern warning against a circulating video and manipulated images falsely linking its Group Chairman, Jim Ovia, to a fraudulent investment scheme known as “Wealth Bridge.”

The bank clarified the matter in a statement shared via its official X (formerly Twitter) account on Tuesday.

According to the statement, the video, reportedly shared from a Facebook account named “Greece Island,” invites members of the public to invest in the so-called scheme, promising weekly returns of up to N2 million on an initial N380,000 investment. The clip also misleadingly claims approval from the Central Bank of Nigeria (CBN).

Zenith Bank described the claims as “entirely false” and urged the public to ignore them. The statement emphasized that the Group Chairman, the bank, and all its affiliates have no connection to the fraudulent scheme.

The bank further warned that the video redirects unsuspecting viewers to an alleged Arise News webpage with registration portals for signups, cautioning that these communications are fraudulent.

“Members of the public are hereby advised to disregard these fraudulent communications.

“This claim is entirely false and has no connection whatsoever to the Group Chairman, the bank, or any of its affiliate companies.

“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,” the post read.