Back to Africa Check

Nigerian construction giant Julius Berger distances itself from online investment scheme

IN SHORT: Julius Berger says it has nothing to do with an investment scheme being peddled on Facebook. The scheme is likely a scam.

 

A number of Facebook posts claim that Nigerian construction company Julius Berger is running an investment scheme.

The company has a large number of major projects in its portfolio across the country.

One post reads: “NEWLY LAUNCH SUSTAINABLE NAIRA PLATFORM.” It then lists investment options and invites people to “register and deposit”.

The claim about Julius Berger running an investment scheme can also be seen here and here. (Note: See more instances listed at the end of this report.) 

But is Julius Berger really running an investment scheme? We checked.

Nothing but the facts

Get a weekly dose of facts delivered straight to your inbox.

JuliusBergerInvestment_Scam

Fraudulent investment scheme’

The first red flag is that the link in the message does not take you to Julius Berger’s website. The link does not seem to work at all.

Potential investors are also asked to join a WhatsApp group. This is another red flag. It is unlikely that Julius Berger would use the platform in this way. 

On 26 March 2024, the company warned the public that it had nothing to do with the supposed scheme.

We've been made aware of a fraudulent investment scheme falsely claiming affiliation with Julius Berger Nigeria Plc. 

“Please DO NOT engage with the website julius-berger.pro or the Telegram channel t.me/JuliusBergerPro. They are NOT associated with us. Your security is our priority. Stay informed, stay safe,” reads the disclaimer.

 The message also appears here, here, and here.

Republish our content for free

We believe that everyone needs the facts.

You can republish the text of this article free of charge, both online and in print. However, we ask that you pay attention to these simple guidelines. In a nutshell:

1. Do not include images, as in most cases we do not own the copyright.

2. Please do not edit the article.

3. Make sure you credit "Africa Check" in the byline and don't forget to mention that the article was originally published on africacheck.org.

For publishers: what to do if your post is rated false

A fact-checker has rated your Facebook or Instagram post as “false”, “altered”, “partly false” or “missing context”. This could have serious consequences. What do you do?

Click on our guide for the steps you should follow.

Publishers guide

Africa Check teams up with Facebook

Africa Check is a partner in Meta's third-party fact-checking programme to help stop the spread of false information on social media.

The content we rate as “false” will be downgraded on Facebook and Instagram. This means fewer people will see it.

You can also help identify false information on Facebook. This guide explains how.

Add new comment

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
limit: 600 characters

Want to keep reading our fact-checks?

We will never charge you for verified, reliable information. Help us keep it that way by supporting our work.

Become a newsletter subscriber

Support independent fact-checking in Africa.