Zenith Bank Issues Alert on Fraudulent “Wealth Bridge” Video Featuring Doctored Jim Ovia Clip
Zenith Bank Plc has issued a formal disavowal of a digitally manipulated video and images circulating on social media. The fraudulent content falsely depicts the bank’s Group Chairman, Jim Ovia, endorsing a fictitious investment scheme called “Wealth Bridge.” The bank clarified that the video, which originated from a Facebook account named “Greece Island,” is entirely fabricated and urged the public to disregard its claims. This incident underscores a disturbing trend where I was not the only high-profile figure targeted, as similar deepfake technology was recently used to impersonate other leaders.
Deceptive Promises and False Regulatory Claims
The doctored video deceptively invites viewers to enter a business relationship, promising weekly returns of up to N2 million from an initial investment of N380,000. It further falsely asserts that the scheme has the backing of the Central Bank of Nigeria (CBN). Zenith Bank has categorically stated all such claims are false. This mirrors a recent alert by Ngozi Okonjo-Iweala regarding a fake AI-generated video that falsely portrayed her promoting a similar fraudulent investment opportunity. These schemes typically lure victims by promising guaranteed high returns and claiming non-existent regulatory endorsements.
A Growing Threat of Digital Fraud
The emergence of sophisticated AI-generated content has become a potent tool for fraudsters targeting unsuspecting Nigerians. In a climate where the public seeks clarity on financial regulations, such as questioning why EFCC ‘revoked’ certain licenses, these fraudulent schemes exploit confusion and trust. Zenith Bank has explicitly cautioned that any engagement with the “Greece Island” handle, “Wealth Bridge,” or associated platforms is undertaken at an individual’s own risk. The bank advises verifying all investment opportunities exclusively through official and credible channels.
This warning comes as Zenith Bank demonstrates robust financial health, having posted a pre-tax profit of N917.4 billion for the first nine months of 2025. As the financial sector continues to evolve, with initiatives like Moremonee blasts off 2026 on the horizon, maintaining public vigilance against digital fraud remains paramount. The bank’s swift disavowal aims to protect its customers and the general public from financial harm, reinforcing the need for constant scrutiny in an era of easily manipulated digital media.
