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Business News of Wednesday, 7 June 2023


Viral President Tinubu’s N50,000 grant scheme is fake – NITDA

Hadiza Umar Hadiza Umar

The National Information Technology Development Agency (NITDA) has dismissed a viral grant scheme being circulated on social media as ‘President Bola Tinubu’s N50,000 Cash Grant’ to Nigerians.

The Agency described the scheme as fake and fraudulent in a statement signed by Mrs Hadiza Umar, Head, of Corporate Affairs and External Relations, NITDA, which was released on Wednesday. Umar, who cautioned Nigerians about the scheme, said that the website associated with the grant was a phishing website designed to mislead unsuspecting citizens.

According to her, NITDA-Computer Emergency Readiness and Response Team (NITDA-CERRT) discovered that the site is being used to harvest people’s information for fraud.

Warning to the public

Warning Nigerians to be wary of clicking untrusted links and entering their details on untrusted websites, NITDA in the statement said:

“NITDA-Computer Emergency Readiness and Response Team (NITDA-CERRT) hereby wish to advise the public to avoid clicking on unknown links. The website ‘, is a phishing website that tends to lure users into divulging their personal information, such as full name, phone number, home address, email address, and bank account details, such as name of bank and account number.

“Avoid clicking on this website and other similar websites, which can lead to divulging personal information in order not to fall prey to cyber criminals.”
She explained that government would always communicate such information via the appropriate agency supervising such programmes, should there be any.