Zenith Bank Plc has distanced itself from a video and images circulating on social media linking its Group Chairman Jim Ovia to an investment scheme known as “Wealth Bridge.”
In a statement posted on its official X account on Tuesday, the bank said the video, shared from a Facebook account named “Greece Island,” invites members of the public to invest in the scheme with a promise of weekly returns of up to N2 million on an initial investment of N380,000.
The clip also claims the scheme has the backing of the Central Bank of Nigeria (CBN).
Describing the claims as false, the bank said, “This claim is entirely false and has no connection whatsoever to the Group Chairman, the bank, or any of its affiliate companies.
“The video redirects unsuspecting members of the public to an alleged Arise News webpage with the details of this scheme and an embedded registration portal for signups.
“The general public is hereby advised to disregard these fraudulent communications.”
Zenith Bank warned that anyone engaging with the “Greece Island” handle, “Wealth Bridge” or related platforms mentioned in the materials does so at their own risk. It urged members of the public to verify investment opportunities through official and credible channels.
The development follows a recent alert by World Trade Organization Director-General Ngozi Okonjo-Iweala, who raised concerns over a manipulated video falsely portraying her as promoting a similar investment scheme.
In its unaudited nine-month financial report ending September 2025, Zenith Bank posted a pre-tax profit of N917.4 billion. For Q3 2025, the group recorded a pre-tax profit of N291.78 billion, up from N275.8 billion in Q3 2024.
Gross earnings for the first nine months of 2025 rose to N3.37 trillion from N2.89 trillion recorded in the same period in 2024.
