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Digital Times Nigeria
Home » NITDA Debunks Endorsement Of All Money Doubling Financial Investment Schemes
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NITDA Debunks Endorsement Of All Money Doubling Financial Investment Schemes

DigitalTimesNGBy DigitalTimesNG11 August 2020No Comments2 Mins Read
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INUWA 3
Inuwa Abdullahi, NITDA DG (Right)
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The National Information Technology Development Agency (NITDA) has alerted the general public to disregard any fake news claiming that the Agency or its staff endorses money doubling Financial Investments scheme.

The Agency said in a statement that it refutes any affiliation or endorsement of these platforms and strongly advised 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,” NITDA said in the statement.

The Agency further strongly advised 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.  ​

NITDA is a Federal Government Agency established in April 2001 to implement the Nigerian Information Technology Policy as well as coordinate general IT development and regulation in the country.

READ ALSO  DA 2021: NITDA DG Insists 5G Technology Crucial To 4th Industrial Revolution
#All Money Doubling #Endorsement #Financial Investment #Schemes NITDA
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