FairMoney Speaks on Rumoured Free N12,500 Cash Rewards to Nigerians
- The microfinance bank FairMoney has denied posts on Facebook claiming the bank was transferring N12,500 to Nigerians
- The post, shared on several Facebook groups, had claimed the cash reward was to appreciate customers for referrals
- But reacting, the bank asked users in Nigeria not to engage in activities outside its bank app
One of the microfinance banks in Nigeria, FairMoney, has denied reports that it is offering a free transfer of N12,500 to Nigerians.
A Facebook post claimed that the microfinance institution was offering Nigerians thousands of cash in bank transfers.
Source: Facebook
Fake news shared with thousands of users
The post shared via a Facebook group on September 6, 2023 asked users to send Direct Messages or DM for an explanation.
PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy!
FairMoney is a registered microfinance bank operating in Nigeria.
The Fact-Checking website AfricaCheck identified other places where similar posts have been made on the social media platform.
Some groups where the fake information was posted have as many as 5,000 members, sparking fear of thousands of Nigerians falling victim to the scam.
The bank offers financial services such as loans and savings plans via its mobile app. It also rewards customers for referrals, with customers earning a discount on their loans based on their number of referrals.
According to reports, the bank is not handing out N12,500 cash to customers, as suggested by the Facebook posts.
FairMoney warns Nigerians
The bank warned users against falling prey to scammers, especially when asked to engage in activities outside the bank’s app.
The bank said:
“We urge you to report any entity or platform requesting any FairMoney transaction with you outside the FairMoney App to fightfraud@fairmoney.ng.
“Posts that require users to send a private message are often out to steal their personal details, banking information, or money.
Don’t be scammed. Read our guide to Facebook scams and how to spot them here.”
Dangote speaks on reported sales promo, crashing cement bag price to N2,400
Legit.ng earlier reported that Dangote Cement Plc also denied reports on some online platforms (not Legit.ng) alleging the company slashed cement price.
The company clarified that it has not embarked on any promotion or reviewed its product prices as claimed in a fake statement on social media on Sunday, October 8, 2023.
The statement purportedly from the firm claimed that Dangote Cement would offer its cement products to the public at a promotional factory price of just N2,410 per bag.
Source: Legit.ng
