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The National Information Technology Development Agency (NITDA) has debunked claims that the agency or its staff endorses any money doubling financial investments scheme.

In a statement released in Abuja and signed by its Head, Corporate Affairs and External Relations Unit, Mrs. Hadiza Umar, the government IT clearinghouse has advised the general public to consider as fake news, information regarding the agency endorsing any money doubling financial investments scheme.

The public is further advised to be wary of any quick wins schemes especially if it violates the Nigerian Data Protection Regulation.” the agency states.

The statement reads:

The Agency refutes any affiliation or endorsement of these platforms and strongly advises the general public on the need for caution when dealing with online money doubling scheme especially via whatsApp mobile Application.

 These fraudulent Financial Investment companies lure users by requesting that you join their WhatsApp group, consequently, they access records of citizens phone numbers. These phone numbers can further be used in SMS scams as well as other various cybercrimes.

The general public is advised to always verify if these firms have clearance from relevant Government Agencies mandated to license Corporate Investment Advisers.

The public is further advised to be wary of any quick wins schemes especially if it violates the Nigerian Data Protection Regulation.

Furthermore, NITDA strongly advises the general public to disregard the malicious investment scheme even if the people behind such purportedly use NITDA’s name, its affiliates, logo and or staff of the agency as a bait to lure the people.   

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