The Bank of Industry has issued an alert asking the public to ignore fraudsters trying to obtain N750 easy money from thousands of people in Nigeria.

In a statement, the bank said the scammers are promoting a nonexistent “Bank of Industry Small Scale Grant 2020” implying that the bank may have decided to give free cash to people.

“The perpetrators send links to a Google form and ask applicants to pay ₦750 to complete their applications.

“Please do not fall victim to this scam, no such program exists, the bank warned in a statement, which has also been posted on its website.

BOI provides financial assistance for those wishing to establish businesses, big and small, or to expand, diversify and modernize existing businesses.

CHECK OUT: Enugu Metro listing of BOI Regional Operations in the South East

Rather than fall victim to fraudsters, the bank has advised those who need a loan to visit its website or contact its online customer care.


Do you know that you can obtain a loan from the Bank of Industry to start or improve your business? And that the bank has offices near you in the South East?

Check out the places where you can walk in to make enquiries in the South East as well as the types of loans that they give out, all in the Enugu Metro Listing of the Bank of Industry offices in the South East here.

Full details of these loans and how to apply can be found on the Banks website You may also contact headquarters Customer Care division at: 0700 225 5264 and email