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🇳🇬 Nigeria /Crime & Justice

BUA Group disowns AI investment video, warns of fraud

From The Punch · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

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  • BUA Group has disassociated itself from a viral AI-generated video promoting a fraudulent investment scheme using its chairman's likeness.
  • The company stated it has no affiliation with the platform or its promises of unrealistic returns, warning the public against engaging with it.
  • BUA Group advised reporting such content to law enforcement and identified the video as a growing trend of AI impersonation scams.

BUA Group has issued a strong disclaimer against a viral AI-generated video falsely featuring its Founder and Executive Chairman, Abdulsamad Rabiu, to promote a fraudulent investment scheme. The company emphasized its complete lack of association with the video, the platform, or its promises of "unrealistic investment returns."

In a statement shared on its official social media, BUA Group clarified that neither its chairman nor any of its subsidiaries are connected to the scheme. The group warned the public that such platforms often use fabricated endorsements to defraud unsuspecting individuals. It urged those encountering such content to report it to law enforcement agencies.

neither our Founder/Executive Chairman, Abdul Samad Rabiu, BUA Group nor any of our subsidiaries, is in any way or by any means associated/connected with this platform nor its purported investment promise.

— BUA Group statementBUA Group's official statement disassociating itself from the AI-generated investment video.

The company highlighted that the video exemplifies a rising trend of AI-driven impersonation scams targeting prominent figures and corporate brands. BUA Group stressed that the video was misleadingly constructed to appear as an endorsement and implored the public to disregard it entirely.

unrealistic investment returns

— BUA Group statementBUA Group's description of the fraudulent promises made in the AI-generated video.
DistantNews Editorial

Originally published by The Punch in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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