{"id":5231,"date":"2020-07-13T08:45:00","date_gmt":"2020-07-13T07:45:00","guid":{"rendered":"http:\/\/dubawa.org\/dir\/?p=5231"},"modified":"2020-08-06T12:17:27","modified_gmt":"2020-08-06T11:17:27","slug":"will-this-company-binomo-investment-guarantee-you-returns-in-45-minute","status":"publish","type":"post","link":"https:\/\/dubawa.org\/dir\/will-this-company-binomo-investment-guarantee-you-returns-in-45-minute\/","title":{"rendered":"Will this company, Binomo Investment, guarantee you returns in 45-minute?"},"content":{"rendered":"\n<p class=\"has-background has-very-light-gray-background-color wp-block-paragraph\"><strong>&nbsp;A <a href=\"https:\/\/www.facebook.com\/Binono-Investment-107930017518123\/\" target=\"_blank\" rel=\"noopener\">group<\/a> on Facebook along other similar posts and pages mentioned BINOMO INVESTMENT\u2019s pledges to double the amount of money invested with the company within 15-45 minutes by venturing into Forex trade.<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright size-large\"><img data-recalc-dims=\"1\" decoding=\"async\" width=\"132\" height=\"55\" data-attachment-id=\"3545\" data-permalink=\"https:\/\/dubawa.org\/dir\/minister-of-disinformation\/screenshot-2019-10-04-at-17-25-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/dubawa.org\/dir\/wp-content\/uploads\/2019\/10\/Screenshot-2019-10-04-at-17.25.12.png?fit=132%2C55&amp;ssl=1\" data-orig-size=\"132,55\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Screenshot-2019-10-04-at-17.25.12\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/dubawa.org\/dir\/wp-content\/uploads\/2019\/10\/Screenshot-2019-10-04-at-17.25.12.png?fit=132%2C55&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/dubawa.org\/dir\/wp-content\/uploads\/2019\/10\/Screenshot-2019-10-04-at-17.25.12.png?resize=132%2C55\" alt=\"\" class=\"wp-image-3545\" title=\"\"><\/figure><\/div>\n\n\n\n<p style=\"color:#ffffff\" class=\"has-text-color has-background has-vivid-red-background-color wp-block-paragraph\"><strong>The posts lingering on Facebook about Binomo Investments pledging to double the amount of money invested with them by venturing into Forex trade is a Fraud.&nbsp;The National Information Technology Development Agency (NITDA) has confirmed that it&#8217;s a fraud and other facts gathered by Dubawa point to that as well.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Full Text<\/strong><\/h2>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">Recently, there has been an avalanche of posts on Facebook regarding Binono Investment, an enterprise spearheading an investment campaign that claims to pay investors double of what they have invested within 15-45 minutes in the company\u2019s FOREX trade. The trend appears to have its source from a Facebook <a href=\"https:\/\/www.facebook.com\/Binono-Investment-107930017518123\/\" target=\"_blank\" rel=\"noopener\">group<\/a> titled, &#8220;Binono investments&#8221; which has over 85 likes and multiple post shares across Facebook.&nbsp;<\/p>\n\n\n\n<iframe src=\"https:\/\/www.facebook.com\/plugins\/post.php?href=https%3A%2F%2Fwww.facebook.com%2Feunice.yackson%2Fposts%2F288940432254005&amp;width=500\" width=\"500\" height=\"727\" style=\"border:none;overflow:hidden\" scrolling=\"no\" frameborder=\"0\" allowtransparency=\"true\" allow=\"encrypted-media\"><\/iframe>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">Similarly, several Facebook users have been sharing testimonials of how they have profited from the business in the form of screenshots that exhibit credit alerts as benefits of their participation in the said investment. One user <a href=\"https:\/\/m.facebook.com\/story.php?story_fbid=288940432254005&amp;id=100034141519100\" target=\"_blank\" rel=\"noreferrer noopener\">shared<\/a> how she had incredibly benefited from the investment.<\/p>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">In the past, charlatans have defrauded many people of their fortune by claiming to be investors and the prevalence of Binomo Investment at a time when people are financially desperate calls for investigations over the truth of its claims.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Verification<\/strong>:<\/h2>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">To start our investigations, we reached out to the National Information Technology Development Agency (NITDA), the official government body that develops and regulates information technology in Nigeria. The agency revealed via phone that:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>\u201cThe Binomo investment is a fraud; Nigerians should be warned and wary of such investments that profess to double their money if they invest\u201d.<\/em><\/strong><\/p>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">Furthermore, BINOMO INVESTMENT claims to offer double the investments made within 15-45 minutes by trading in FOREX trade. Though forex is a legitimate investment that deals with the exchange of national currencies against one another, the assurance to offer back profits to investors within 15-45 minutes, with no risk, is rather an absurd pledge that should raise eyebrows. Moreover, considering the possible liquidity crisis in the Forex market; the devaluation of the Naira in relation to the currencies of most countries due to monetary policies in the wake of the Coronavirus pandemic, this over-enthusiastic claim invites further scrutiny.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Thus, Dubawa requested the views of the original company, <a href=\"https:\/\/binomo.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">BINOMO<\/a>, a UK-based broker corporation which gave the following response:<\/p>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\"><strong><em>\u201cDear friends, please know that either \u201cBinomo Investment\u201d or \u201cBinomo Trade\u201d is not related to Binomo at all. We do not have agents. You can visit our website at http:\/\/binomo.com for more info about our platform. We urge everyone to be vigilant. Be careful and take care!\u201d<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/zYUrvCtrSeZsgJRKsmN9U9-AUamve6XY4gEM1Gli4uBLnw6-MWDZo4aXQe1kbibRYoPgabeDn8aHsviQziYfpAlNYnBj4CiOq0Y0YIo7D8TjXk_2UzcGVsgFLxYasF-fu2tduLHD\" alt=\"\" title=\"\"><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Even more red flags\u2026<\/strong><\/h3>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">One suspicion about the said investment is its inconsistency over its own label. It repeatedly kept dilly-dallying over the real spelling of its enterprise on its official Facebook <a href=\"https:\/\/www.facebook.com\/Binono-Investment-107930017518123\/\" target=\"_blank\" rel=\"noreferrer noopener\">page<\/a>,&nbsp; a practice that is uncommon with standardized outfits.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>\u201c<\/strong><strong><em>Binonmo\u201d \u201cBinono\u201d \u201cBinomo\u201d<\/em><\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/j1KVS8-0rRXtC84FLvAbZZZR_m0RAG6TAtHReIaI7QTPnLix3fEMxOtgHFUkP4FNfPkYIrqnMI_m3hB4HVjcfypnR4uXDX1eyQRMSHJ3OBwRuecu0HM4WYEKlhGTWTmkGPuY1ENy\" alt=\"\" title=\"\"><\/figure>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">If such an obvious oversight is apparent in their layout, it then should be a cautionary indicator for prospective investors not to trust them with their investments in a high stakes industry like Forex.&nbsp;<\/p>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">Further, a series of Facebook users have expressed dismay about how the same Binomo Investments hacked into their Facebook accounts to post fake screenshots of credit alerts as testimonials to mislead unsuspecting members of the public into acknowledging that Binomo Investment is not fake.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In an interview with one Facebook <a href=\"https:\/\/m.facebook.com\/story.php?story_fbid=1103831420016937&amp;id=100011702699002\" target=\"_blank\" rel=\"noreferrer noopener\">user<\/a>, she explained to us how Binomo Investments hacked into her Facebook account:&nbsp;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;<strong><em>I tried to log in to my Facebook as I usually do but it continually failed to, and later some my friends called to ask about the unusual activities on my timeline in what they described to be Binono&#8221;&nbsp;<\/em><\/strong><\/p><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Binomo Investment is a hoax. All evidence uncovered has shown that this is not a genuine company and that prospective patron should be warned.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp;A group on Facebook along other similar posts and pages mentioned BINOMO INVESTMENT\u2019s pledges to double the amount of money invested with the company within 15-45 minutes by venturing into Forex trade. The posts lingering on Facebook about Binomo Investments pledging to double the amount of money invested with them by venturing into Forex trade is a Fraud.&nbsp;The National Information Technology Development Agency (NITDA) has confirmed that it&#8217;s a fraud and other facts gathered by Dubawa point to that as well. Full Text Recently, there has been an avalanche of posts on Facebook regarding Binono Investment, an enterprise spearheading an investment campaign that claims to pay investors double of what they have invested within 15-45 minutes in the company\u2019s FOREX trade. The trend appears to have its source from a Facebook group titled, &#8220;Binono investments&#8221; which has over 85 likes and multiple post shares across Facebook.&nbsp; Similarly, several Facebook users have been sharing testimonials of how they have profited from the business in the form of screenshots that exhibit credit alerts as benefits of their participation in the said investment. One user shared how she had incredibly benefited from the investment. In the past, charlatans have defrauded many people of their fortune by claiming to be investors and the prevalence of Binomo Investment at a time when people are financially desperate calls for investigations over the truth of its claims.&nbsp; Verification: To start our investigations, we reached out to the National Information Technology Development Agency (NITDA), the official government body that develops and regulates information technology in Nigeria. The agency revealed via phone that: \u201cThe Binomo investment is a fraud; Nigerians should be warned and wary of such investments that profess to double their money if they invest\u201d. Furthermore, BINOMO INVESTMENT claims to offer double the investments made within 15-45 minutes by trading in FOREX trade. Though forex is a legitimate investment that deals with the exchange of national currencies against one another, the assurance to offer back profits to investors within 15-45 minutes, with no risk, is rather an absurd pledge that should raise eyebrows. Moreover, considering the possible liquidity crisis in the Forex market; the devaluation of the Naira in relation to the currencies of most countries due to monetary policies in the wake of the Coronavirus pandemic, this over-enthusiastic claim invites further scrutiny. Thus, Dubawa requested the views of the original company, BINOMO, a UK-based broker corporation which gave the following response: \u201cDear friends, please know that either \u201cBinomo Investment\u201d or \u201cBinomo Trade\u201d is not related to Binomo at all. We do not have agents. You can visit our website at http:\/\/binomo.com for more info about our platform. We urge everyone to be vigilant. Be careful and take care!\u201d Even more red flags\u2026 One suspicion about the said investment is its inconsistency over its own label. It repeatedly kept dilly-dallying over the real spelling of its enterprise on its official Facebook page,&nbsp; a practice that is uncommon with standardized outfits. \u201cBinonmo\u201d \u201cBinono\u201d \u201cBinomo\u201d If such an obvious oversight is apparent in their layout, it then should be a cautionary indicator for prospective investors not to trust them with their investments in a high stakes industry like Forex.&nbsp; Further, a series of Facebook users have expressed dismay about how the same Binomo Investments hacked into their Facebook accounts to post fake screenshots of credit alerts as testimonials to mislead unsuspecting members of the public into acknowledging that Binomo Investment is not fake.&nbsp; In an interview with one Facebook user, she explained to us how Binomo Investments hacked into her Facebook account:&nbsp; &#8220;I tried to log in to my Facebook as I usually do but it continually failed to, and later some my friends called to ask about the unusual activities on my timeline in what they described to be Binono&#8221;&nbsp; Conclusion The Binomo Investment is a hoax. All evidence uncovered has shown that this is not a genuine company and that prospective patron should be warned.<\/p>\n","protected":false},"author":1,"featured_media":5191,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"hannibal_claim_source":"","hannibal_source_label":"","hannibal_card_color":"blue","_jetpack_memberships_contains_paid_content":false,"footnotes":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_bluesky_share_type":"","_mastodon_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[234],"tags":[1120,1119,347,504,1111],"verdict":[],"ppma_author":[1088],"class_list":["post-5231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-spoofs","tag-binomo","tag-binomo-investment","tag-featured","tag-internet-fraud","tag-national-information-technology-development-agency"],"jetpack_shortlink":"https:\/\/wp.me\/p8R6dE-1mn","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"authors":[{"term_id":1088,"user_id":0,"is_guest":1,"slug":"cap-silas-jonathan","display_name":"Silas Jonathan","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&r=g","author_category":"","user_url":"","last_name":"","first_name":"","job_title":"","description":""}],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/dubawa.org\/dir\/wp-content\/uploads\/2020\/06\/Nigeria-Economy-Image.png?fit=1200%2C601&ssl=1","_links":{"self":[{"href":"https:\/\/dubawa.org\/dir\/wp-json\/wp\/v2\/posts\/5231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dubawa.org\/dir\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dubawa.org\/dir\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dubawa.org\/dir\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dubawa.org\/dir\/wp-json\/wp\/v2\/comments?post=5231"}],"version-history":[{"count":0,"href":"https:\/\/dubawa.org\/dir\/wp-json\/wp\/v2\/posts\/5231\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dubawa.org\/dir\/wp-json\/wp\/v2\/media\/5191"}],"wp:attachment":[{"href":"https:\/\/dubawa.org\/dir\/wp-json\/wp\/v2\/media?parent=5231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dubawa.org\/dir\/wp-json\/wp\/v2\/categories?post=5231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dubawa.org\/dir\/wp-json\/wp\/v2\/tags?post=5231"},{"taxonomy":"verdict","embeddable":true,"href":"https:\/\/dubawa.org\/dir\/wp-json\/wp\/v2\/verdict?post=5231"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/dubawa.org\/dir\/wp-json\/wp\/v2\/ppma_author?post=5231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}