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It’s a scam! This Facebook account is using an illegal investment platform and the name of the Nigerian TV authority to scam

IN SHORT: This Facebook account impersonating broadcaster NTA is out to take money from Nigerians using an illegal investment platform. It claims the platform is registered and can double your money in an hour, but this is not true.

"Jamalife Global Helpers is a new enlisted platform aimed at helping out citizens It's a Registered platform that gives you double your initial pledged investment within 1hrs of your registration," reads a post on a Facebook page.

On 8 June 2023, the post asked Nigerians to send a message to or call a WhatsApp number. 

The post uses the name and logo of the Nigerian Television Authority (NTA), a broadcasting organisation owned by the government.

The post is accompanied by a video of a woman and a Nigerian police officer calling on viewers to join the platform. It has been viewed over 2,000 times and has over 30 comments.

We also found similar posts here, here, here, here, here, here and here.

But are the Jamalife investment platform and the NTA page to be trusted? We checked.

Jamalife_Scam

NTA Facebook account

The post is poorly written, a red flag that it is not from the trained journalists and editors at NTA.

We also noticed that the page has a low number of followers, no more than 17.

The broadcaster’s official Facebook page is NTA Network News and has over 800,000 followers. It is also verified by Meta. 

Illegal Jamalife investment platform

In 2020, the Guardian Nigeria reported that the Securities and Exchange Commission (SEC) had worked with relevant law enforcement agencies to fight illegal investment platforms. 

SEC listed Jamalife Helpers Global Ltd as one of the illegal investment platforms in the country. The commission called on Nigerians to steer clear of Jamalife.

Namibia Economist, a business publication, reported that the Bank of Namibia identified Jamalife Helpers Global as an illegal scheme, saying the business was not sustainable.

There is no evidence that the Facebook accounts offering investment schemes under the platform’s name are from the business enterprise.

The new posts seen on Facebook follow the same pattern that Africa Check has uncovered, promising to double people’s money within hours or a few days.

Africa Check has previously debunked similar false investment schemes.

To help protect yourself against online scams, read our guide to Facebook scams and how to spot them.

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