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The SEC warns Nigerians about AI-driven investment scams using fake celebrity endorsements and deepfakes to promote unregistered platforms promising guaranteed returns.
The SEC warns Nigerians about a rise in AI-powered investment scams using fake celebrity endorsements and deepfake videos to promote unregistered platforms promising guaranteed returns.
These scams, spreading via Facebook, Instagram, and Telegram, exploit AI to create convincing but fraudulent content, making detection harder.
The SEC is using real-time surveillance, collaborating with Nigeria’s Central Bank and financial intelligence unit, and urging social media companies to remove misleading ads.
Influencers promoting unlicensed schemes may face penalties.
The public is advised to verify platforms via the SEC’s official portal, avoid promises of daily profits or zero risk, and be cautious of schemes operating only through messaging apps without a physical address or registration.
La SEC advierte a los nigerianos sobre las estafas de inversión impulsadas por la IA que utilizan el respaldo de celebridades falsas y deepfakes para promover plataformas no registradas que prometen retornos garantizados.