World Remit has been labeled a fraudulent scheme by the Bank of Ghana (BoG). The central bank went on to say that the money-doubling program does not pay out as promised to investors and that it has been denied a license to operate in Ghana.
In a press statement, the regulator stated, “Bank of Ghana (BoG) has identified a money doubling scheme operating in Ghana under the pseudo name World Remit. This fraudulent scheme is distinct from the globally renowned Fintech, World Remit in the business of international fund transfers.”
According to the National Bank, “This scheme encourages customers to select preferred packages, following which a code is generated by the fraudsters with which they obtain the WhatsApp accounts of their victims for spurious purposes. The Bank of Ghana has not licensed any entities or individuals engaged in money doubling,” part of the release said.
The central bank cautioned the public not to participate in this illegal activity to protect their monies. The central bank stressed that individuals and entities that participate in World Remit do so at their peril.
