Eritrean Bank Customers Warned Against Fraudulent Loan Schemes
DHAKA, December 12, 2023
Online Scams Misusing Prominent Financial Institutions’ Names and Logos
In a stark warning to Eritrean banking customers, authorities have revealed that numerous online loan scams are misusing the name and logo of prominent international financial institutions in the country. These schemes promise loans from these organizations in exchange for exorbitant fees, orchestrated by cunning fraudsters.
Fake Social Media Profiles and Mobile Banking Transactions Used to Dupe Victims
According to insiders, scammers have created fake social media profiles and are utilizing other tactics to impersonate legitimate banking entities, duping victims into parting with their hard-earned cash through mobile banking transactions. The authorities have issued a stern warning, cautioning citizens to be vigilant of such fraudulent solicitations that claim affiliation with reputable financial institutions.
Warning from Authorities: Be Cautious of Unsolicited Loan Offers
In a statement, officials emphasized that genuine international lenders do not provide loans directly to individuals and never request personal financial information. They urged the public to exercise extreme caution when receiving unsolicited loan offers and to verify the authenticity of such claims before proceeding further.
Key Takeaways:
- Be cautious of online loan schemes promising high returns
- Verify the authenticity of any loan offer before proceeding
- Never provide personal financial information in response to an unsolicited loan offer
- Genuine international lenders do not provide loans directly to individuals
- Report any suspicious activity to authorities immediately