EFCC, ICPC and FCCPC warn celebrities they will be held accountable for promoting scams

Nigerian celebrities and social media influencers who advertise fraudulent products could face consequences, three federal agencies have warned.
What happened
At a joint stakeholder meeting in Abuja on Friday, 30 October 2026, the Federal Competition and Consumer Protection Commission (FCCPC), the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) reportedly said they would no longer accept claims of ignorance from celebrities whose endorsements lead Nigerians into scams.
What the agencies said
FCCPC Executive Vice Chairman Tunji Bello said celebrities would be held accountable for the products they promote. EFCC Chairman Ola Olukoyede warned that influencers who promote fraud would be treated as accomplices, saying the trust fans place in them must not be abused. The ICPC said fake endorsements undermine consumer confidence and fuel corruption. The agencies said skit makers, musicians and actors had promoted crypto schemes and fake loan apps that cost many Nigerians billions of naira.
Advice
The agencies urged celebrities to check products with regulators such as NAFDAC, the Securities and Exchange Commission and the FCCPC before signing endorsement deals. They also asked members of the public to report suspicious products and adverts that seem too good to be true.
Background
Several high-profile investment schemes promoted online have collapsed in recent years, leaving thousands of investors out of pocket. Some entertainers who advertised such schemes later faced public anger, and regulators have repeatedly warned about unregistered investment platforms and loan apps. The FCCPC publishes an updated list of approved digital lenders.
- The agencies say celebrities will be held accountable for fraudulent endorsements.
- Crypto schemes and fake loan apps were singled out.
- Stars are urged to verify products with regulators first.



