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Fake Facebook account: billionaire Dewji not giving ‘economic freedom’ loans to Tanzanians

IN SHORT: Economic times are hard for many, including in Tanzania. But a billionaire businessperson in the country hasn’t come to the rescue with quick loans. The offers are a scam.

The Facebook account “Mo Dewji” has been publishing posts promising loans to Tanzanians.

One post, in Kiswahili, reads: “Huduma za kifedha sasa zipo kiganjani mwako furahia MIKOPO kutoka MO FOUNDATION PATA MIKOPO KIZI VIGEZO UINGIZIWE MKOPO CHAP CHAP NI NDANI YA DAKIKA 15 UNAPATA POPOTE ULIPO TANZANIA WASILIANA NA MHASIBU ATAKUPATIA HUDUNA BORA YA UHAKIKA NA YENYE TIJA KWA WATANZANIA ILI KUJIKWAMUA KIUCHUMI NA TUKUE PAMOJA ||Timiza malengo yako|| ILI UWEZE KUPATA MKOPO FUATA UTARATIBU HAPO CHINI…”

This broadly translates as: “Financial services are now in your palms, enjoy loans from Mo Foundation basic loans criteria to be entered loan is within 15 minutes you can get it wherever you are in Tanzania contact our  accountant and she will provide you the best professional help for Tanzanians to get yourself economic freedom and let’s grow together. Achieve your goals.”

Applicants are then advised to take a photo of the front and back of their voter’s or national identity card, and take a photo of themselves holding the ID cards. The photos are to be sent to the WhatsApp number 0688071248.

Applicants are also asked to send personal details such as their three names and the region, district and county they live in and the phone number through which they will receive the loans.

One is allowed to borrow amounts ranging between TSh 300,000 and TSh 5,000,000 (between US$130 and $2,150.) 

Mohammed “Mo” Gulamabbas Dewji is a Tanzanian billionaire and former politician

He owns the Mohammed Enterprises Tanzania Limited (METL) Group, a Tanzanian conglomerate that deals with textile manufacturing, flour milling, beverages and edible oils in eastern, southern and central Africa.

As of 22 November 2022,  Dewji’s net worth was $1.5 billion, according to Forbes.

Through the MODEWJI foundation, Dewji has given back to the community by financing social projects.

But none of his philanthropy projects have involved giving loans at low interest rates to Tanzanians.

Africa Check has previously exposed Facebook accounts and pages using wealthy and influential people’s names with claims that they are offering loans with low interest rates.

Is this one such account?  We checked.

MoFoundation_Scam

Offers flagged as fake

The Facebook account offering Tanzanians loans is unverified. Mohammed Dewji’s Facebook page is verified and has the blue tick badge.

The METL Facebook page is also verified.

On the two verified pages, there is no mention of loan offers to Tanzanians.

Instead we found that on 18 November, the loan offers were flagged as “FAKE” on both verified pages.

To learn how to spot Facebook scams, read our detailed guide.

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