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NITDA Warns Against Fraudulent Website For Startup Investment Fund

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The National Information Technology Development Agency (NITDA) says that people should be careful about fraudulent websites.

It claims to be the National Startup Investment Fund Programme and calling for applications. Also, giving claims to have support from the federal government, makes individuals and startups want to apply.

The site also claims to be supervised by the Federal Ministry of Industry, trade, and investment in partnership with the African Development Bank (AfDB) and Bank of Industry (BoI).

And then it puts up the Nigerian startup bill on its platform to make it seem real. The aim of that is to make people believe that the startup fund programme is related to the recently signed startup bill.

ALSO READ: What You Should Know About FG’s Proposed Bill For Startups

Therefore the Federal Government seeing this calls out to Nigerians through NITDA to ignore information from the platform, saying it’s a fraudulent website.

To know what the website looks like, it can be accessed through this link.

Also, NITDA clarifies that the federal government has nothing to do with the programme which is hosted by the site. And that people should desist from giving out their personal information to the website. And they should only follow the official government websites to confirm the authenticity of the programmes.

ALSO READ: How Nigeria’s Startup Act 2022 Directly Affects Businesses

Why is it important to know about the fraudulent website?

The startup bill which was approved recently by the federal government is to help guide startups and individuals with their startups. They must be on the lookout for the right information.

One of the things that the bill stated concerning the N10 billion Investment Fund for young innovators. However, the investment fund has not been set up yet.

With a website posing to be a platform for the startup investment fund, it might lead people astray. Asides from taking their money, their details would be revealed which can lead to other things.

Agbaje Naomi is a writer at Techuncode. She is a communication enthusiast who enjoys putting her heart into her work. She is versatile; she loves to know about anything possible. If Naomi is not writing she is probably watching a movie or looking for something productive to do.

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