IN SHORT: Claims about the “Livent Investment Platform” and its outsized returns have been making the rounds on WhatsApp and Facebook in Nigeria. But it looks like yet another scam.
Some Nigerians have been punting an investment platform called Livent online. The platform claims to use lithium technology to make people's lives easier, but it’s unclear just how the technology comes into play here.
According to Facebook posts the platform can double your money within 24 hours.
Other posts promise a minimum daily return of 1,000 naira for a minimum investment of 4,000 naira.
“I registered with liveth yesterday with just 4k between 24hrs I have seen my investment. Join me to enjoy this investment while it lasts. If you're interested DM [direct message],” reads a post on Facebook.
But is the investment platform legitimate? We checked.
Livent shows signs of being a scam
You can’t click through to the link though, as it has been flagged as risky by web security companies such as Cloudflare. This is a red flag, and unlikely for a genuine and safe investment platform.
The daily return offered by Livent to Nigerians also seems too good to be true.
Some users of the platform have expressed concern on Facebook, asking questions such as “Is Livent still paying?”.
There are many signs that the platform is not to be trusted. For more on how to spot scams on Facebook, read the Africa Check guide here.
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