TheCable Fact Check
  • Home
  • Fact Check
  • Fake News
  • Check Am For Wazobia
Reading: FAKE NEWS ALERT: Dangote Group denies unveiling ‘money doubling platform’ in viral video
Share
Latest News
FACT CHECK: How true are Obi’s claims about poverty rate in Nigeria, China and Indonesia?
FACT CHECK: No, Finnish court didn’t approve Simon Ekpa’s extradition to Nigeria
FACT CHECK: Is Cardinal Arinze eligible to be elected as the next Pope?
Rárá, Jonathan kò sọ pé Tinubu yóò se àṣeyọrí nínú ètò ìdìbò fún Ipò Ààrẹ ní ọdún 2027
A’a, Jonathan bai yi hasashen nasarar Tinubu a zaben shugaban kasa na 2027 ba
No, Jonathan no predict Tinubu victory for 2027 presidential election
Ḿbà, Jonathan ágbaghị àmà na Tinubu gà-èmérí ńtùlíáka ónyé ísíàlà ǹkè áfọ̀ 2027
FACT CHECK: Picture of Kwankwaso wearing cap with ‘Tinubu’s insignia’ photoshopped
Advertisement
Aa
TheCable Fact CheckTheCable Fact Check
Search
  • Home
  • Fact Check
  • Fake News
  • Check Am For Wazobia
Follow US

FAKE NEWS ALERT: Dangote Group denies unveiling ‘money doubling platform’ in viral video

Busola Aro
By Busola Aro Published March 18, 2025 2 Min Read
Share

Dangote Group has dismissed a viral video advert claiming that Aliko Dangote, its founder, has developed a financial platform that doubles users’ wealth.

The video, purportedly aired on TVC, featured a manipulated voiceover claiming that Dangote Group had launched a revolutionary $3 billion project that would eliminate the need for employment.

“Nigerians will no longer have to work. Nigerian billionaire Aliko Dangote recently made such an announcement when he unveiled a new project in which he has invested $3 billion. This is the first project of its kind,” the fake reporter said.

“The billionaires team has developed an automated financial platform that allows any user to increase their fortune from $250 to $4,000 within the first month, they get access to a trading robot that works for them and enjoys the benefits. 

“We interviewed Aliko Dangote to find out how it all works. Here are his comments.”

The video further alleged that Dangote endorsed the project, saying, “My new project is an immediate solution to inflation and poverty. Since participation is limited, only a select number of people will have access”.

“Our quantum-computer-powered AI system trades stocks and cryptocurrencies automatically to generate wealth,” he allegedly said.

Reacting to the viral clip on Tuesday, the Dangote Group released an official statement debunking the claims.

“Our attention has been drawn to a fake video. We urge the public to disregard and ignore these fraudulent adverts to avoid falling victim to scammers,” the company said on X.

The conglomerate also said it will “not be responsible for any losses or claims linked to these scammers”.

TAGGED: Dangote Group, employment

Please send your feedback, claims to fact check and corrections requests to [email protected]

Busola Aro March 18, 2025 March 18, 2025
Share this Article
Facebook Twitter Email Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR POSTS

Advertisement

FACT CHECK: How true are Obi’s claims about poverty rate in Nigeria, China and Indonesia?

Peter Obi, Labour Party (LP) presidential candidate in the 2023 elections, sparked a debate with…

May 5, 2025

FACT CHECK: No, Finnish court didn’t approve Simon Ekpa’s extradition to Nigeria

On Tuesday, some social media users and blog sites made a post claiming that a…

April 24, 2025

FACT CHECK: Is Cardinal Arinze eligible to be elected as the next Pope?

A social media user has claimed that Francis Arinze, a Roman Catholic cardinal, is the…

April 21, 2025

Rárá, Jonathan kò sọ pé Tinubu yóò se àṣeyọrí nínú ètò ìdìbò fún Ipò Ààrẹ ní ọdún 2027

Ní ọjọ́ ajé, ọ̀rọ̀ kan to sọ pé Goodluck Jonathan, Ààrẹ orílẹ̀ èdè Nàìjíríà tẹ́lẹ̀…

April 20, 2025
Advertisement
Advertisement

YOU MAY ALSO LIKE

FACT CHECK: How true are Obi’s claims about poverty rate in Nigeria, China and Indonesia?

Peter Obi, Labour Party (LP) presidential candidate in the 2023 elections, sparked a debate with recent claims of poverty rates…

BusinessFact Check
May 5, 2025

FACT CHECK: No, Finnish court didn’t approve Simon Ekpa’s extradition to Nigeria

On Tuesday, some social media users and blog sites made a post claiming that a Finnish court has approved the…

Fact CheckTop Stories
April 24, 2025

FACT CHECK: Is Cardinal Arinze eligible to be elected as the next Pope?

A social media user has claimed that Francis Arinze, a Roman Catholic cardinal, is the oldest and next possible candidate…

Fact Check
April 21, 2025

FACT CHECK: Picture of Kwankwaso wearing cap with ‘Tinubu’s insignia’ photoshopped

A picture of Rabiu Kwankwaso, the presidential candidate of the New Nigeria Peoples Party (NNPP) in 2023, wearing a cap…

Fact CheckTop Stories
April 18, 2025

CableCheck seeks to provide reliable tools and resources for readers to tackle the menace of fake and misleading materials constantly pushed into the public space from various sources. We monitor the accuracy of claims made in traditional and social media. We also provide a tracker to hold politicians and policymakers accountable for the plans and promises they make to the public. CableCheck is a project of the Cable Newspaper Journalism Foundation (CNJF), supported by the MacArthur Foundation and implemented by TheCable newspaper.

Follow US: 

LINKS

  • Contact
  • About Us
  • Non-Partisanship Policy
  • Funding
  • Correction Policy
© Copyright TheCable. All Rights reserved.
Welcome Back!

Sign in to your account

Lost your password?