AfriQuantumX Scam: Fake Endorsements by African Politicians, Nigerian SEC Warns of Ponzi Traits

A wave of deceptive Facebook posts is falsely claiming that Ghanaian President John Mahama and Nigerian politician Peter Obi are endorsing an investment platform called AfriQuantumX. These claims are part of a scam targeting unsuspecting users in Ghana and Nigeria.

One viral video caption reads: “President John Dramani Mahama, together with Parliament, has presented AfriQuantumX Platform, a national investment platform created so that every citizen can fight inflation and build long-term financial stability.” The video encourages users to invest with just GHS3,000 (approximately US$240) and register via a link that redirects to WhatsApp.

AfriQuantumX’s post falsely claims endorsement from John Dramani Mahama

These videos have been confirmed as fake and are inaccessible.

The scheme has also misused the logo of GCB Bank, prompting the Ghanaian bank to issue a statement distancing itself from AfriQuantumX.

GCB Bank warns against fake “AfriQuantumX” investment post

On 7 October, Nigeria’s Securities and Exchange Commission (SEC) issued a warning, stating that AfriQuantumX is not a registered entity and exhibits traits typical of Ponzi schemes. 

Nigeria SEC warns against AfriQuantumX

BrokersView Reminds You

BrokersView reminds investors that AfriQuantumX employs deepfake videos to fabricate endorsements and lure victims with promises of wealth through trading. These tactics are hallmarks of sophisticated fraud.

The website domain afriQuantumx.gh.com is currently inaccessible, and promotional posts direct users to WhatsApp, a major red flag. This tactic is commonly used to funnel victims into private groups, where scammers pressure them to transfer funds into fraudulent bank accounts under the guise of investment opportunities.

Stay vigilant. Always verify investment claims, especially those involving public figures or unusually high returns. If you encounter similar scams, report them to BrokersView to help prevent further victimization.