IN SHORT: Bold Gains investment platform shows no signs of being trustworthy, despite claims made online. This time the platform is being promoted by yet another scam Facebook account, impersonating broadcaster Channels Television.
The Facebook page Channels Nigeria TV promises to help Nigerians double their money within an hour.
The account uses the name and logo of media organisation Channels Television and claims Bold Gains investment platform is reliable.
Part of its post, dated 24 June 2023, reads: "BOLDGAINS INVESTMENT KEEP TO THEIR PROMISED YOUR INVESTMENT HERE IS 100% SURE OF YOUR INVESTMENT NO SCAM NO DELAY OF YOUR PAYMENT.”
The post features a video of Nollywood actor Patience Ozokwo and another woman appearing to give financial advice.
The video has been viewed over 500 times and has over 90 comments.
But do Bold Gains and the posts by Channels Nigeria TV offer legitimate investment advice and opportunities? We checked.
Fake Channels Television account
The fact that the posts are badly written raised our suspicions, as the Channels Television is a popular broadcaster in Nigeria staffed by professional journalists and editors.
We also noticed that the page was relatively new.
The official Facebook page of the Nigerian broadcaster is Channels Television and is verified by Meta.
We’ve exposed several accounts impersonating media houses to promote investment schemes in June 2023, and started to suspect these posts were more of the same.
A Lagos-based retired person was scammed by the Bold Gains investment platform, according to the Foundation for Investigative Journalism. The retiree reportedly lost N132,000 (US$167 at the exchange rate in June 2023) to the scheme.
We also found another complaint against Bold Gains on a popular online forum, Nairaland. The author claims N1.2 million was taken from him. These accusations are further evidence that these Facebook posts should be ignored.
To help protect yourself against online scams, read our guide to Facebook scams and how to spot them.
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