Okonjo-Iweala warns Nigerians over fraudulent AI video promising investment windfall

• WTO Director-General Dr Ngozi Okonjo-Iweala warned Nigerians to disregard a fake AI-manipulated video promoting a fraudulent investment scheme
• She clarified that the video was unauthorised and urged the public to rely solely on her verified X account for information
• Authorities were reported to be investigating the incident as concerns grew over the rise of deepfake scams

The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has warned Nigerians to disregard a fraudulent AI-manipulated video circulating online which falsely claims to offer substantial financial returns through a purported government-backed investment scheme.

In a statement posted on her official X (formerly Twitter) account on Wednesday, Dr Okonjo-Iweala described the video as fake and unauthorised, stressing that it does not originate from her or any legitimate institution.

“Just alerting Nigerians. Another fake AI-manipulated video. The authorities are handling. Just wanted to alert you to be aware of this,” she wrote.

The video, which has gained traction across several social media platforms, uses digitally altered footage of Dr Okonjo-Iweala to promote what it describes as an exclusive wealth-building opportunity. It claims that participants can earn up to ₦2,660,000 within their first week by investing a minimum of ₦380,000. The scheme further asserts that investors require no financial expertise and need not make any daily effort to realise the promised returns.

According to the misleading footage, the so-called programme is open to Nigerians aged 30 and above, guarantees automated profits and permits withdrawals at any time. It also attempts to create a sense of urgency by claiming that only 4,000 accounts are available, with more than 80 per cent already reserved.

Dr Okonjo-Iweala urged the public to remain vigilant and to verify information through official and credible sources. She reiterated that her only channel for public communication is her verified X account.

“As I repeatedly said, I never post anything on Instagram, Facebook or WhatsApp. Anything emanating from these sources with my image is not from me. I only post on Twitter/X. I just don’t want people to be duped,” she stated.

The incident highlights growing concerns over the misuse of artificial intelligence to create highly convincing “deepfake” videos, particularly those featuring prominent public figures. Experts have warned that such technology is increasingly being exploited by fraudsters to lend credibility to investment scams and other financial schemes.

Authorities are reportedly investigating the origin of the video and taking steps to curb its circulation. Meanwhile, members of the public have been advised to exercise caution, avoid sharing unverified content and report suspicious material to relevant agencies.

The WTO chief’s warning serves as a timely reminder of the risks posed by online fraud and the importance of digital awareness in an era of rapidly advancing technology.