How To Avoid Fraudulent Loan Offers, Investment Schemes

How To Avoid Fraudulent Loan Offers, Investment Schemes
Please check your E-mail inbox or spam to confirm.

With the current economic situations in the world, business owners and entrepreneurs are on the lookout for loan offers and investment schemes to boost their business and better their lives.


However, in quest of this, most people fall victim for online scammers. While this is avoidable, it is often difficult because the scammers know how they play their games and if you are not smart, you will most likely not realize you are about to be duped.

This is evident in a press release from The Central Bank of Nigeria (CBN) few weeks ago where they warned members of the public against fraudulent messages and videos targeted at unsuspecting loan seekers and owners of small – scale businesses purportedly facilitated by the Bank.

In the statement, the bank said “The CBN has neither appointed nor accredited any organisation to serve as agent on its behalf for the purpose of investment or applying for intervention loans.”

HEY THERE: Are you looking for a WhatsApp TV where you can find great memes, funny videos, and trending gists, even with several opportunities with cash prizes? Then look no further. LOP TV is here to bring to you this top-rated content. JOIN LOP TV now

It continued, “Prospective applicants are therefore advised to approach their respective banks, NIRSAL Micro – Finance Bank or the Central Bank of Nigeria branch nearest to them for clarification on the procedure for accessing any of the CBN – related facility,

How To Avoid Fraudulent Loan Offers, Investment Schemes

These brings us to the 5 important things to note when applying for loans, grants etc:

  1. Do not pay a kobo to anyone: No one will ask you for payment to prepare loan payouts for you. If there is an opportunity, it should include the guidelines without any requirement for payment whatsoever.
  2. Make the sure the online platform is secured. Most blogs publish loan offers and direct users to apply for them virtually. While this is the modern method of applying for loans as it makes processing easier, you must ensure that the website you are assessing is secured with SSL Certificate. You will know this by looking at the browser URL box. If a padlock symbol proceeds the URL, then the site is secured. If not, it will display the “Not secure” message.
  3. If there is an opportunity for you to verify the loan from a physical bank, please do. Most of these loans have banks sponsoring them. So it’s advisable you visit the bank branch to confirm the legitimacy.
  4. Do not release your financial details: It is known that most platforms issuing loans will request for your BVN. This is important in order to feast check that there are no fraudulent activities on their platforms: like users having more than once accounts or running away with the funds. But releasing details like debit card details, and other sensitive details can be extremely dangerous. Once again, let the bank guide you.
  5. Keep record of all the activities. Make sure you record all the details and all the actions you took: the details you gave out and responses from the organizers. This can be used to track and finally get back your money in case you are scammed. Kindly follow me as my next article will be on getting back your funds or details from scammers and online fraudsters.

Follow these guidelines and secure your accounts to prevent yourself from Cyber attacks. Kindly share.


While you share these tips with friends, please follow us on Twitter, Facebook and Telegram.

MASSIVE OFFER: Get your business seen by 8,000 people for just N1,000. How? See here!

Free Meta Business Management Course

DISCLAIMER: Do not pay or release sensitive financial details to any organizer/recruiter unless futher verified from your end.
Easter Hunt Sale
Easter Sale
ACEworld Publishers

About the Author: ACEworld Publishers

At ACEworld Publishers, we publish Latest Opportunities, Jobs & Free Online Courses. Join us on Twitter .

Got a question/Suggestion? Let's talk!


🕛 Jan 30, 2023
2023 ACU Commonwealth Summer School for Talented University Students
in Scholarships | for Post Graduates

🕛 Jan 30, 2023
Apply: CERN 2023 Summer Student Internship Program
in Internships / Graduate Trainee Progs. | for Post Graduates

🕛 Jan 30, 2023
Dufil Prima Foods 2023 Graduate Trainee Programme for Young Nigerians
in Internships / Graduate Trainee Progs. | for Graduates

🕛 Jan 30, 2023
Minority Africa Fellowship for African Journalists and Storytellers 2023
in Fellowships | for Journalists

🕛 Jan 30, 2023
The Farmgate Cafe National Poetry Award 2022/2023
in Awards & Prizes | for Writers & Poets

🕛 Jan 30, 2023
The Farmgate Café National Poetry Award 2023
in Awards & Prizes | for Writers & Poets

🕛 Jan 31, 2023
American University Human Rights Essay Award 2023(Fully-funded to Washington D.C. USA)
in Awards & Prizes | for Professionals

🕛 Jan 31, 2023
Apply: West Africa Civil Society Institute (WACSI) 2023 Next Generation Internship Program
in Internships / Graduate Trainee Progs. | for Africans

🕛 Jan 31, 2023
Cheshire Prize for Literature 2022
in Awards & Prizes | for Writers & Poets

🕛 Jan 31, 2023
Cudos Foundation 2023 Grant Program for African Entrepreneurs ( $5,000 to $250,000 USD)
in Grants & Fundings | for Africans

1 2 3 4 5 6 7 8 9 10 11 12