Beware of fraudulent Cooperative schemes, World Bank warns Nigeria — Nigeria Today
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Beware of fraudulent Cooperative schemes, World Bank warns Nigeria

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The World Bank has warned Nigerians of a fraudulent multi-purpose co-operative scheme currently being sold to members of the public in some local communities in the country.

The Bank said in a statement issued yesterday that “those behind the schemes have been promising unsuspecting members of the public huge ‘Bottom-up’ grants.

According to the statement signed by Olufunke Olufon, spokesperson of the World Bank Group in Nigeria, “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. Please note that the World Bank is not behind this multi-purpose scheme and ‘bottom-up’ grant.”

The World Bank she said “does not request for personal financial information for applicants to its programmes.”

The statement urged the public “to verify any information regarding World Bank-assisted programs offered by the Bank from its website: http://projects.worldbank.org/ ,

Ms. Olufon warned that “the Bank would not be held responsible for any refunds of fees solicited by fraudsters purporting to act on its behalf.”

The post Beware of fraudulent Cooperative schemes, World Bank warns Nigeria appeared first on The Nation Nigeria.

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