Fraud alert! Ecobank does not issue online loans against down payment

Our attention was drawn to fraudulent commercial messages being broadcast on DIAMOND TV and SOUL TV, both free-to-air TV channels in Ghana.

The scammers claim to be selling online loans on behalf of Ecobank. In the above advertisements, a deposit of 200 GHS is required to qualify for a loan amount between 1,000 and 50,000 GHS.

The fraudulent ads feature the Ecobank logo prominently next to a picture of the bank’s CEO.

Ecobank would like to strongly emphasize that the mentioned ads are NOT sponsored by the bank and that Ecobank does not offer any such product as scammers claim.

We would also like to point out that under no circumstances will Ecobank ask customers to make deposits before disbursing the loan.

We take this opportunity again to warn our many loyal customers and the general public to disregard said ads.

About Meredith Campagna

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