• Thursday, May 02, 2024
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Akpabio warns against Senate fraudulent loan scheme

Akpabio’s 10th Senate breaks tradition, operates without legislative agenda

Senate President Godswill Akpabio has warned against an online palliative loan application circulating on social media and purportedly initiated by his office.

Akpabio in a statement on Friday titled: “Disclaimer: Fake Senate’s Online Loan Application” and signed by his special adviser on media and publicity, Eseme Eyiboh, said the advertisement which is on Facebook was the handiwork of fraudsters.

Read also: FG says ₦5b palliative loan to states optional

The alleged scheme, advertising a N200,000 Palliative Loan by the Senate, features Godswill Akpabio’s image alongside the coat of arms and logos of the Central Bank of Nigeria (CBN). The Facebook post, attributed to a user named Templeshort, urges unsuspecting individuals to apply for an “Instant Loan Approval.”

The Senate president advised members of the public to be wary of criminal elements out to defraud through bogus initiatives purportedly initiated by him.

The statement said the advertisement has no connection to Akpabio’s office, as Akpabio was not collaborating with the CBN or any financial institution on such initiatives. It stated that neither the Senate president nor his office was involved in any loan programme or palliative arrangement.

“The president of the Senate does not and is not operating any loan programme or palliative arrangement; neither is Senator Godswill Akpabio working in conjunction with the CBN or any other financial institution on any loan facility as palliative”, the statement read.