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Yaoundé
October 17, 2025
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ECONOMY

Cryptocurrency:  Minister warns against circulation of fake scheme on social media

The Minister of Finance Louis Paul Motazé has issued a warning regarding a false announcement circulating actively on social media platforms, particularly through messaging platform, WhatsApp.

This fraudulent message falsely promotes a cryptocurrency investment program that unrealistically promises exceptional returns within hours. Minister Louis Paul Motazé formally denounced this operation, noting that the amounts, contact information, and extravagant promises indicate a widespread scam that is becoming increasingly common.

He reminded the public that in investment matters, no high and rapid returns are guaranteed without major risk, and that promises of multiplying one’s capital in record time represent typical signs of financial fraud. The public, especially social media users, is urgently advised to exercise caution and discernment.

 Before committing to any investment project, the Minister emphasized the necessity of conducting preliminary verification with officially competent institutions. These designated structures hold sole authority to oversee and regulate financial operations. He has asked anyone who sees the fraudulent message to protect their money and report it immediately to authorities, in order to contribute to the fight against cybercrime.

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