AGSMEIS Loan: Fraudsters devise Approval Scam | Beware

Fraudsters have devised a technique for luring applicants of the Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS) into parting away with their cash in order to fast track approval for their intended AGSMEIS loans.

Some of the applicants have confirmed to have recieved a mail encouraging them to pay the Sum of N5,000 into a stated account number to enable them appear on the final list of the Beneficiaries as the year 2020 winds down, captured in a Screenshot below:

The mail is Fake and did not emanate from the Nirsal Microfinance Bank (NMFB) charged with the authority of disbursing the loan to eligible beneficiaries upon completing the requisite processes specified by the Central Bank of Nigeria. 

As part of the guidelines in ensuring that Nigerians stay safe and free from fraudulent activities which has turned into a rave of the moment and incessantly adultrating Federal Government Intervention Schemes, here are some of the possible ways through which your essential data were (and could be) extracted for such targeted electronic mail or Text Messages:

1. Fake AGSMEIS Advert:

You may have submitted your essential details such as phone number, e-mail address, full names etc to a fake/dataphishing website or form calling for application for the Agri-Business/Small and Medium Enterprise Investment Scheme.

Note that the official website for applying for the AGSMEIS Loan which is on going is https://nirsalmfb.caderp.com/Account/Register

For information about AGSMEIS, read through: https://nirsalmfb.caderp.com/account/landingpage#about

2.  Through your Social Groups:

Interest in Social Groups and Forums differ while still interacting as the same people. A motivated post asking people for their Phone Numbers or Email Addresses if interested in an undisclosed or schetchy business is an easy way for collating fraud victims' essential details through Social Media. 

3. Whatsapp/Telegram Links:

Fraudsters have leveraged on the Social Media in casting their baits using Telegram and Whasapp Group Links. Unsuspecting members of a Facebook Group or Forum freely join to their own detriments.

4.  Fake Loan Schemes:

Having assessed the trend and eagerness of Nigerians to key into the Federal Government Intervention Schemes, Fraudsters have sleeplessly continued to recreate every of the Government initiatives in a bid to defraud unsuspecting victims. There has been recorded imitation of Government schemes such as COVID-19 Targetted Credit Facility Loan, N-Power Program, MSME Survival Funds, Nigerian Youths Investment Funds;  many brandish names such as 'COVID-19 Loans', 'CBN Loan Offers', 'Federal Government Empowernment Sheme' or bearing the original names as designed by the Federal Government.

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To stay safe and protect members of your groups, make a Screenshot of the purported Scheme/Program and paste in your groups. Ask if it's genuine or not. You will surely get genuine answers from genuine people.

We wish you a Joyous and Scam free 2021! 

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