The Bank of Zambia issued a public warning that a video and online article circulating on social media falsely claim that Governor Dr. Denny H. Kalyalya has endorsed an investment platform promising unusually high returns, and that the content is fraudulent. The bank said the video is a deepfake digitally altered to imitate the Governor’s likeness and voice, while the accompanying article appears on a fraudulent website impersonating a legitimate news outlet and includes fabricated statements and false claims of government approval. It stressed that it neither operates nor endorses any investment platform of this nature and described the scheme as exhibiting common online investment-scam characteristics, including promises of extremely high earnings and prompt withdrawals with no underlying economic activity. The public was urged to verify information through official Bank of Zambia channels and to avoid sharing personal information or circulating misleading content. The matter has been reported to the relevant authorities for further investigation.

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