World Bank raises alarm, disassociates self from ongoing multi-purpose scheme in Nigeria

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World Bank has raised alarm and disassociate self from an ongoing multi-purpose scheme in Nigeria.

The multi-purpose scheme which is ongoing in Nigeria, mostly Rivers state, and said to be from World Bank, has swiped huge amount of money from citizens who fill forms and pay money ranging from #1,000 to #5,000 to join the scheme which according to those advertising it, is "a program for non-refundable loan for business from World Bank".

In a statement published on its website www.worldbank.org, World Bank said it is "Fraudulent", adding that the World Bank does not request for personal financial information from applicants to its programs.

Reacting more on the issue, the group said "The World Bank is not behind this multi-purpose scheme."

"The World Bank will not be held responsible for any refunds of fees solicited by fraudsters purporting to act on its behalf" they said.

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