Trending Scams of the week in Nigeria | Beware

While the Federal Government has continued to initiate plans for steering the Nigerian economy away from the COVID-19 induced economic downturn, many scammers have geared towards imitating the laudible initiatives in a bid to defraud unsuspecting Nigerians.

Here are trending Scams mimicking Federal Government initiatives and widely circulated through the Social Media.

1. Nirsal Microfinance Bank Loan Application:

Nirsal Microfinance Bank is a Central Bank of Nigeria licenced financial instistution entrusted with Federal Government Loan Schemes such as the Agric, Small and Medium Enterprise Scheme (AGSMEIS), Anchor Borrowers Program (ABP) and the popular Federal Government COVID-19 Stimulus Package for Households and Micro Small and Medium Entreprises (MSMEs), the COVID-19 Targetted Credit Facility Loan.

It's official website is nmfb.com.ng where all applications for it's programmes/schemes are conducted through the direct domain or subdomain rooted in the main domain such as the COVID-19 Targetted Credit Facility website https://covid19.nmfb.com.ng

Scammers created this Google Form https://docs.google.com/forms/d/e/1FAIpQLSd2vE7NM4RvnJjZbknQgxg2O4snYU-5Df3KRHRPrKei8Kuj1g/viewform which is being used to collate victims BVN, Bank Names, Phone Numbers etc. This is fraudulent data Phishing with many victims already.

Nirsal Microfinance Bank does not conduct application or any sort away from it's official website nor does it partner an individual or group of individuals in the conduct of its official duties.

2.  N-Power Grant:

There is a widely circulating website https://n-power.freefunds.xyz which instigating victims to apply for an N-power Grant of N30,000 with their essential details.

There is nothing like N-power Grant or N-power Trust Fund in Nigeria. This is fake, fraudulent and has been used to collect victims essential data.

Read Also>>>>Scam Alert: FG 3 Million Naira Grant is Fake - Federal Government warns

3. NYIF Certificate:

A website  https://datauth.io/YLVBOY  purportedly for the Nigeria Youth Investment Fund which instigates victims to payment for an EDI Certificates through Paystack as a criterion for accessing the NYIF Fund, stating that "Over 3million Applicants have already applied, having your NYIF EDI Certificates gives you 90% chance of accessing the Loan,"  resurfaced online with victims diving into the schematic website.

The shortened url burried in https://datauth.io/YLVBOY  is  https://nyifedi.mystrikingly.com/ which has a Paystack plugin for effecting payment from victims which has been used to instantly debit lots of victims for a fake certificate.

Read Also>>>Beware of these Scam Formats

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