IN SHORT: Multiple Facebook accounts are offering Nigerian users easy loans from the United Bank for Africa. But the accounts don’t belong to UBA and are out to steal your sensitive personal information.
The accounts Uba Easy Loan Foundation Services Nigeria, Uba Easy Loan Foundation Services, Uba Easy loan Foundation Services Nigeria, Uba Loan and Uba Easy Loan Foundation Services Nigeria are all offering loans to Nigerians on Facebook.
The accounts are using the name and logo of the United Bank for Africa (UBA). UBA is a financial institution that operates in Africa with a presence in several countries. UBA provides a range of banking services, including retail banking, corporate banking, investment banking, and asset management.
One such post offering loans on 9 December 2023 reads: “We are delighted to announce that all UBA BANK Customers are eligible for a float loan ranging from 10,000_1,000,000 … Business loans of up to a million naira …”
It urges its more than 2,000 followers to “send a direct message now”.
But are the loan offers real? We checked.
One of the signs that these offers are fabricated is that the Facebook pages pushing the loan offers were created in 2023. The number of followers on these pages is low compared to the age of the company and the size of its customer base in Nigeria and across Africa.
Africa Check sent a message to request a loan from one of the suspicious pages, Uba Easy Loan Foundation Services Nigeria. The account asked how long we’d been using UBA and asked us to send our account number and phone number. We sent false numbers.
The account then asked for the last four digits of our bank card, as well as the PIN and the expiry date of the card. These details would enable the account to charge the card, and should never be given to strangers.
The account seemed to realise we had sent false details, and then sent us what appeared to be the identity card of a UBA member of staff, presumably to win our trust and convince us to send the correct details.
UBA has said on X (formerly Twitter) that the company would never ask for a user’s PIN, card details, password, or other sensitive details.
To take out a loan with UBA, visit the bank’s website. There are different requirements and processes to apply for each type of loan.
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