World Bank and Development Bank of Nigeria Warn Nigerians Against Fraudulent Multi-Purpose Co-operative Scheme

World Bank and Development Bank of Nigeria Warn Nigerians Against Fraudulent Multi-Purpose Co-operative Scheme


Notice from Development Bank of Nigeria

Development Bank Of Nigeria PLC. (DBN)

Fraudulent Scheme Disclaimer

Development Bank of Nigeria (DBN) has been alerted of a fraudulent multi-purpose scheme that erroneously indicates that the World Bank is giving out grants to individuals to do business in Nigeria through DBN.
DBN wishes to inform the general public that it is not involved in this fraudulent scheme and will not be responsible for any loss or damage resulting from this fraudulent scheme.
DBN only disburses loans to MSMEs through Participating Financial Institutions (PFIs). To access a DBN Loan, please speak to your Bank.

Watch this video to apply for correct Grant opportunities and ensure you subscribe to my YouTube Channel for more Information on grants.

World Bank and Development Bank of Nigeria Warn Nigerians Against Fraudulent Multi-Purpose Co-operative Scheme

Notice from World Bank in Nigeria


World Bank and Development Bank of Nigeria Warn Nigerians Against Fraudulent Multi-Purpose Co-operative Scheme

World Bank and Development Bank of Nigeria Warn Nigerians Against Fraudulent Multi-Purpose Co-operative Scheme

Fraud Alert: World Bank Warns of ‘Co-Operative Scheme’ Scam

The World Bank’s attention has been drawn to a fraudulent multi-purpose, co-operative scheme being advertised in some local communities within Nigeria.  Several correspondences targeting innocent citizens are being circulated falsely claiming that the World Bank is giving out money to individuals to do business and demanding processing fees of N1000 from prospective awardees.

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20 Steps to Prepare, Apply and Win the 2019 Tony Elumelu Foundation $5000 Grant and Other Grants in Africa.
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Please note that:

  • The World Bank is not behind this multi-purpose scheme
  • The World Bank does not request for personal financial information for applicants to its programs

The World Bank therefore advises the general public to verify any information regarding World Bank-assisted programs offered by the Bank at the following website: The World Bank will not be held responsible for any refunds of fees solicited by fraudsters purporting to act on its behalf. 

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Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

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