The Dangote Group has dissociated itself from a Ponzi scheme in circulation alleging partnership among the “Dangote brand, Nestle, Cussons and other reputable food processing companies” in launching a multi-level marketing initiative that intends to “fight hunger, poverty and stop recession” by paying participants in food.
Dangote in a statement on Monday said it was not a part of the multi-level marketing scheme, which it described as a Ponzi.
The company said contrary to the publication widely circulated on social media and mobile instant messaging application, the Dangote brand is neither the initiator nor a partner to the Happy World Meal Gate Ponzi scheme and strongly warned the public against participating in such malicious scheme aimed at defrauding unsuspecting participants of their hard earned money.
Speaking on the scheme, the Chief Corporate Communications Officer at Dangote Group, Anthony Chiejina, said: “The faceless entities behind the scheme have sought to achieve cheap legitimacy by associating themselves with the Dangote brand and other reputable multinationals and efforts are ongoing to track and prosecute these for unlawful use of our brand name.”
Chiejina added that as it is with other Ponzi schemes, any pyramid recruitment scheme with all mathematical permutations always leads to a dire end for participants who end up losing money.
He therefore advised the public to verify any information about the brand on its official website: www.dangote.com.
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