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: Did lawmakers skip the national anthem during Tinubu’s Democracy Day speech?
FACT CHECK: Did a military coup oust Paul Biya as Cameroon’s president?
FACT CHECK: Ndume erred. 22 governors didn’t endorse Jonathan in 2015
Rárá, Pope Leo kò bẹ Tinubu kó tú Nnamdi Kanu sílẹ̀ ní àtìmọ́lé
Ḿbà, Pope Leo áyọghị Tinubu kà ọ́ tọ́pụ̀ Nnamdi Kanu nà ǹgá
No, Pope Leo no beg Tinubu to release Nnamdi Kanu
A’a, Paparoma Leo bai nemi Tinubu ya saki Nnamdi Kanu ba
FACT CHECK: No, Pope Leo didn’t ask Tinubu to release Nnamdi Kanu
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: Did lawmakers skip the national anthem during Tinubu’s Democracy Day speech?

A viral X post claims that Nigeria’s new national anthem was not recited during the…

June 13, 2025

FACT CHECK: Did a military coup oust Paul Biya as Cameroon’s president?

Reports of a military coup in Cameroon ousting President Paul Biya have gone viral on…

June 13, 2025

FACT CHECK: Ndume erred. 22 governors didn’t endorse Jonathan in 2015

On June 8, Ali Ndume, senator representing Borno south, claimed that 22 governors elected on…

June 10, 2025

Rárá, Pope Leo kò bẹ Tinubu kó tú Nnamdi Kanu sílẹ̀ ní àtìmọ́lé

Ẹni kan tí ó ń lo Facebook, ohun ìgbàlódé ibaraẹnisọrẹ orí ayélujára sọ pé Robert…

June 10, 2025
Advertisement
Advertisement

YOU MAY ALSO LIKE

FACT CHECK: Did lawmakers skip the national anthem during Tinubu’s Democracy Day speech?

A viral X post claims that Nigeria’s new national anthem was not recited during the Democracy Day event at the…

Fact CheckTop Stories
June 13, 2025

FACT CHECK: Did a military coup oust Paul Biya as Cameroon’s president?

Reports of a military coup in Cameroon ousting President Paul Biya have gone viral on social media. On Tuesday, jimmoexpress37,…

Fact CheckTop Stories
June 13, 2025

FACT CHECK: Ndume erred. 22 governors didn’t endorse Jonathan in 2015

On June 8, Ali Ndume, senator representing Borno south, claimed that 22 governors elected on the platform of the Peoples…

Fact CheckTop Stories
June 10, 2025

FACT CHECK: No, Pope Leo didn’t ask Tinubu to release Nnamdi Kanu

A Facebook user claims that Pope Leo XVI and other bishops have pleaded with President Bola Tinubu to release Nnamdi…

Fact Check
June 9, 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?