Fake Loans: Kenyans Warned Against Fake KCB Facebook Page

BY MWANAHABARI REPORTER

Kenyans who spend their time combing the internet in search of loans and investment opportunities have been warned against engaging in any dealings with a fake Facebook page dubbed – KCB Bank Investment Kenya.

The page uses Kenya Commercial Bank (KCB_ Group logo as its profile photo and other KCB-linked images, purporting to offer investment services to those in need.

According to information in the internet, the page was created in June 2021.

Some of the posts sitting on the page which already has 744 likes read: “Kuna watu wanakuwanga na tabs kama 100 (there are people who open up to 100 tabs) when they’re browsing. Are you one of those? (sic) Anyway, we hope at least you closed your online banking page.

“Always close it after completing your transactions #KaaChonjo #SecureYourBanking.”

Ksh1,000 daily

The post is accompanied by a Kenya Bankers Association Secure Banking campaign Poster.

Another post – and which appears to be most luring reads: “… If you invest Ksh5,000, you will be paid Ksh1,000 daily for seven days. To get started visit https://kcbkenya.com/investnow/.”

Another reads: “We have excitos and we can’t contain it! KCB Mobi Loan is now the New & Improved Vooma Loan. You can now access higher loan limits at interest rates of 5.91% not to mention faster, more flexible mobile transactions. To borrow, use the KCB App or dial *522# #StaySafe #Cashless.” This specific post is accompanied by a genuine KCB Vooma Loan advertising poster.

Scanty information

The page intentionally fails to give specific details of the investment products it seeks to promote – with most of the information remaining scanty.

Kenya Commercial Bank warned its customers against the page.

“Wadau (stakeholders), we want to inform you that this page is a scam. Do not share any personal info or interact with them thinking it’s us. Please be careful and alert on these internet streets,” KCB Group posted on its verified official page.