Zenith Bank Plc has dissociated itself from a “doctored video” and altered images circulating online that falsely show its Group Chairman, Jim Ovia, promoting a fraudulent investment scheme known as “Wealth Bridge.”

The bank issued the disclaimer on Tuesday via its official handle on X (formerly Twitter).

According to the statement, the video—purportedly shared from a Facebook account named “Greece Island”—invites members of the public to enter into a business relationshxrip with the so-called entity

The clip falsely promises returns of up to ₦2 million per week on an initial investment of ₦380,000 and also claims the scheme is backed or approved by the Central Bank of Nigeria.

Zenith Bank Plc said the claims contained in the circulating video are completely false and urged members of the public to disregard them.

“This claim is entirely false and has no connection whatsoever to the Group Chairman, the bank, or any of its affiliate companies.

“The video redirects unsuspecting members of the public to an alleged Arise News webpage with the details of this scheme and an embedded registration portal for signups.

“The general public is hereby advised to disregard these fraudulent communications” it said.

The rise of AI-generated and manipulated videos has become an increasingly common tool for fraudsters targeting unsuspecting Nigerians.

Last week, Ngozi Okonjo-Iweala, Director-General of the World Trade Organization, warned the public about a fake AI-generated video that falsely showed her endorsing a similar investment scheme.

The video falsely claimed that participants could earn millions of naira within a week from a minimum investment of ₦380,000, presenting the scheme as an “official programme” backed by the government and managed by financial experts.