Zenith Bank Plc has distanced itself from a “doctored video” and manipulated pictures circulating on social media that falsely depict its Group Chairman, Jim Ovia, endorsing a fraudulent funding scheme often known as “Wealth Bridge.”
The {bank} issued the disclaimer by way of its official X (previously Twitter) deal with on Tuesday.
In accordance with the assertion, the video, reportedly shared from a Fb account named “Greece Island”, invitations members of the general public to enter into a enterprise relationship with the so-called entity.
The clip falsely guarantees returns of as much as N2 million weekly on an preliminary funding of N380,000 and claims that the scheme has the backing or approval of the Central Bank of Nigeria (CBN).
Zenith Bank described the claims within the circulating video as completely false and urged the general public to disregard them.
The emergence of AI-generated and manipulated movies has change into a rising instrument for fraudsters concentrating on unsuspecting Nigerians.
Final week, Director-Basic of the World Commerce Group, Ngozi Okonjo-Iweala, alerted the general public to a pretend AI-generated video that falsely portrayed her selling an analogous funding scheme.
The manipulated video claimed individuals might earn tens of millions of naira inside every week from a minimal funding of N380,000, describing the chance as an “official programme” backed by the federal government and managed by {financial} specialists.
It additionally created synthetic urgency by stating that restricted slots had been obtainable.
Such schemes usually promise assured excessive returns, declare regulatory endorsement, and use the likeness of outstanding people to achieve credibility.
Zenith Bank cautioned that anybody partaking with the “Greece Island” deal with, “Wealth Bridge,” or different associated platforms talked about within the fraudulent supplies does so at their very own threat.
The {bank} reiterated its recommendation for members of the general public to ignore the pretend movies and confirm funding alternatives via official and credible channels.
In its unaudited nine-month {financial} report ending September 2025, Zenith Bank posted a pre-tax revenue of N917.4 billion.
For Q3 2025 alone, the Group recorded a pre-tax revenue of N291.78 billion, reflecting a 6% improve from N275.8 billion in Q3 2024.
Gross earnings rose by 16.29% year-on-year to N3.37 trillion within the first 9 months of 2025, up from N2.89 trillion recorded throughout the identical interval in 2024.
