Bank of Sierra Leone Warns of Illegal Super Advertis Investment Scheme

The Bank of Sierra Leone (BSL) issued a strong warning today against an online entity called “SUPER ADVERTIS” that is illegally soliciting investments through mobile money platforms.

The BSL emphasized that it has not licensed SUPER ADVERTIS for any financial activity, and engaging with them for investments poses a real risk to the public’s finances.

According to the BSL’s public notice, SUPER ADVERTIS appears to be enticing individuals to invest in a secretive financial scheme using mobile money platforms, which involves accepting deposits from the public. However, the BSL clarifies that “SUPER ADVERTIS” operates without the necessary license, making their operations illegal and potentially fraudulent.

The BSL urged the public to exercise extreme caution and refrain from any financial transactions with SUPER ADVERTIS. To ensure their safety, the BSL advised everyone to verify the presence of a valid BSL-issued license displayed in the premises of any financial institution before engaging in any transaction.

The BSL’s warning extends to all similar unlicensed businesses operating in Sierra Leone. The notice stresses that such illegal schemes pose a significant threat to the stability and safety of the nation’s financial system.

This timely intervention by the BSL highlights the growing concern over unregulated financial activities, particularly those targeting mobile money users. As mobile money transactions become increasingly popular, ensuring user protection and preventing fraudulent schemes remains a crucial challenge for financial authorities across Africa.

The BSL’s public notice serves as a wake-up call for Sierra Leoneans, urging them to prioritize caution and due diligence when considering any investment opportunity, especially if it involves mobile money or operates outside the official financial system.

Comment(s)

Disclaimer: Comments expressed here do not reflect the opinions of Sierraloaded or any employee thereof.

| 2024-01-07 11:48:30

All I can say is that Government institutions, Orange Money SL and the supposed Super Advertis, worked closely to scammed citizens of this nation. NATCOM SL should have ceased Orange Money SL License untill the demands of those scammed through Super Advertis are met. I tell you guys, Orange Money SL is not trustworthy in this matter. Today is Super Advertis, who knows when some of these mobile companies scammed its customers? When it happened, no where to cry. I am afraid .
| 2024-01-06 23:22:44

If those charged with the responsibility to protect us as citizens, with our salaries been deducted to execute that responsibility couldn't do so at all, and has left us in the hands of scammers, only after they have gone with our monies that different entities including Orange (who were even the ones that coded SUPER ADVERTIS platform recharge code, are here denying completely of not having any hands in this daylight robbery of citizens), FIU, and now BSL are releasing irrelevant memos, God above all. Those our hard earn monies will not go in vain, as long as God is one, He will fight for us, if not in this world, but surely in the hereafter. I implore all victims to bear patience, and rely on the Almighty Allah as our own judge.
| 2024-01-06 17:50:43

Hello all,now I know that the government of this country is not responsible.super advertise was launched and covered by the brocasting stations like SLBC and AYV. Super advertise existed for three months some days or more and the government cannot put stop to it untill when things went wrong.Bank of Sierra Leone and that of the government have hands in what happened or what super advertise did to the people of this country. Be focus and take your responsibility serious, government don't just protect the properties but the people too.If bank of Sierra Leone cannot stop financial frudent who will,meaning this country is not save. Our lives are in dangers,this is not about politics but about the people of Sierra Leone. Thank you all. I'm Siaka Moi Sesay.
| 2024-01-06 08:52:22

Hello sierraleonean PEOPLE'S ARE PUTTING BLAME ON THE GOVERNMENT SALONE COMMERCIAL BANK,THE POLICE EN ORANGE.BUT NOTO GOVERNMENT TELL UNA FOR GO PUT UNA MONEY PA SCAM O.PLEASE LEAVE THE GOVERNMENT ALONE.
Ibrahim Turay | 2024-01-06 08:03:18

Where were you to tell the public that such company do not have a license until things had missed up you are the same one that allowed them to operate at the first stage.This is a big shame and disgrace to the bank,natcom, including orange and africell as well as the public how can you allow super advert to operate in your country without investigating them properly at the initial stage.Now after everything has spoilt they have gone with the people's money this is the time you started to released a public notice from all angels.This such things only happened in our country.
Joseph Momoh | 2024-01-06 07:43:34

Through this press release, I realised that the government of SL was part of the scamming process. Super Advertise presented to the public on social media the certificate of incorporation, NRA, Freetown City Council receipt and many more documents that the public will believe their legality. All these documents have been on social media for the past three months and the government of SL can not say anything about it. Now the BSL is pretending as if they were not aware of it. According to my findings, I don't think the Super Advertise company is the problem, the concerned authorities and the GOSL are the primary problems of the downfall of the poor Sierra Leoneans.
| 2024-01-06 07:32:11

Msy God purnish you all is now that you people are telling us ,after people have lost their money 😭😭
| 2024-01-06 01:28:30

This press islike trash to us. I was thinking u guys track those fraudsters and our money are in safe positions, sorry but this is irrelevant. Ar nor bet pa salone system,d government too slow 😴
| 2024-01-06 01:23:03

I don't think this is helpful anymore 😕 After we the innocent citizens of this country have suffered from this so called Super Advertise fake/scam company, it's now you the senior officials are pretending to fight for us. Hmm anyway, you people are fattening the pig 🐖 on the market day. The most sadness 😔 is that 85% of university students in this country have been scammed😢. YaAllah please provide for us, some of us came from very poor backgrounds 😥😭😭😭.
| 2024-01-06 01:08:32

What is a country like SL? I see this entirely as gameplay. All of these institutions can't say they got to know about the Super Advertise after scamming citizens when they have operated for months. Where were these social media press release institutions before now, when Super Advertise was over social media; WhatsApp, Facebook, and most of the popular local media stations. Warning! Mobile money platforms are not reliable, safe or secured. Those doing mobile money transactions are taking high risks. Never save huge money at any of these platforms for a long time. This is a clear sign. Those who have ears must hear this.
| 2024-01-06 00:46:07

Sierra Leone na scam for how long super Advertise was operating for 5 to 6 months without legal documents
Bank of Sierra Leone Warns of Illegal Super Advertis Investment Scheme - Multipro Business Facilitators Limited : Ship Gold From Sierra Leone, Gold Security in Sierra Leone, Diamond Security in Sierra Leone, Business Consultant in Sierra Leone, Gold Expor | 2024-01-06 00:05:57

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| 2024-01-05 23:01:39

Why can't the government help us by bringing fobes back on this matter? I think they have the captivity to do that if cares about their citizens.
| 2024-01-05 22:54:28

Papa government duya we beg fet Super Ad ertis for we.👏🏽👏🏽👏🏽
| 2024-01-05 22:41:38

A very big shame to all the top financial institutions that are publishing presses
| 2024-01-05 22:39:04

Dis contry na contry bra!!
Mustapha Lahai Lahai Koroma | 2024-01-05 22:33:02

We are seriously disappointed in the Government of Sierra Leone and it's institutions. Now everyone has seen it clearly that the people of this country are not safe; financially, medically, academically and even against external threats. The said online money making platform has been in existence for over three months now, using Orange Money platform to admit and work with people. They have attended radio programmes and have shown licences and other related documents to prove their legitimacy to the people. They have been everywhere in this country taking money from the masses in the name of a fraudulent online business and nobody, or institution from government including FIU, Bank of Sierra Leone, the police, NaTCOM and even Orange Mobile Company, came out to neither warn the people or put an absolute and instant end to it's operations. The police who are charged with responsibility of protecting the lives and properties of the citizens were all part of this fraudulent and deceptive organisation, including Mobile Company operators; Orange to be precise. Why only now; when the masses have been destroyed already, when most homes have been dragged into poverty, when most students across the country have become paralysed and can nolonger afford to pay their fees, when most retarded old teachers have been forced into poverty? Don't tell me we aught to have known better when you are using our blood core finance to pay yourself in the name of providing security for the people of country. You are busy patronising with criminals to reach havoc and creating financial insecurity among the people of this nation. This is not the first time, second time neither the third. Instead of doing what you been paid for, you are busy capitalising on the ignorance and academic deficiency of the masses and all you could say is "we have warned you" . Is this enough for our safety ? Your late coming is meant to justify the cruel act of these criminals rather than doing what is expected of you. It's used to be Wealthbuilders, My Coin, Qnet, Dominion University and now is Super Advertis. Are you people for real ? Remember, you took oaths of pledging your love and loyalty to the people of Sierra Leone, of defending the people of this country, honour her good name, always work for her unity , peace, freedom, and prosperity and put her interest above all else. Is this how you choose to do it ? Is this a way of showing love and bringing unity amongst the people of this Republic? You better do something about this or the course of the people of Sierra Leone will befall you, your people, and your generation yet unborn, heavily. Are you saying these guys are magicians who entered this country and destroyed us without your notice? Are you governing us with honest and absolute sincerity? There is cry everywhere as we speak. The people of Sierra Leone need you the most now. Stand up and fight for what you took oath for! Stand up and defend your stewardship! Stand up the Government of Sierra Leone and defend your poor citizens, we need you now than never. We are therefore waiting for your favourable intervention on behalf of the people of Sierra Leone. Thank you
| 2024-01-05 21:55:56

Ooh salone what a country we are living
| 2024-01-05 21:54:16

What measures have you put in place for such not to happened again, I can still remember many years ago it was wealth builders schemes which involves thousands of citizens, so up to now you guys have not put any restrictions in place, you guys are all part of this scheme, there are no checks and balances in this so called Bank of Sierra leone, you guys are seeing these things happen you don't pay attention to it just because you are earning something from it, but God will punish your generation.
| 2024-01-05 21:41:00

I don't have any believe in all this institution
| 2024-01-05 21:26:58

Now you need to talk about rakotem
| 2024-01-05 21:16:51

Your press releases from you and others now clearly show that we not secure in this country. Fake university came and succeeded , shortly due to our poor security people came invaded our city and succeeded to destroyed lives and properties. Scammers came spend months and succeeded in destroying people. Initially many people where wise to pick it up that they are scammers but due to the license produce by them and the involvement of key institution to broadcast them Many people chose to join. It's too late to inform the people now about super adverts.
| 2024-01-05 21:15:55

Now every institution is giving press release after leaving Super Advertis to operate for 6 months in this country and the scamming project is over, that's the time all sorts of literature is coming out.. Anyway Sierra Leone na country Wei all sort of nonsense de happen to citizens Wei government institution de provoke de victims openly on social media with den big big grammar..
| 2024-01-05 21:10:07

This country sef na scam The institutions are not really serious
| 2024-01-05 21:08:23

All this press releases are not relevant anymore
| 2024-01-05 20:55:16

They're all scam
| 2024-01-05 20:46:47

All this did not solve the problem of the masses let us forget ,but we pray let the wicked not go unpunished, let the almighty Allah strike those that involve in this
| 2024-01-05 20:36:25

This is precisely why concerns about our institutions being weak persist. Super Advertis has been operating since September 2023, flaunting documents they claimed to have acquired from government entities like the FCC, without any disclaimers. It's only now, with notices from various institutions, that we're learning about the existence of a financial Crime unit in Sierra Leone.
| 2024-01-05 20:35:15

Hypocrisy, after they have scammed people it is now BSL leaves out press release. Tweeeeeee
| 2024-01-05 20:31:58

To what use is this notice Bank of Sierra Leone. It clearly shows how our leaders care less about us citizens. An entity that has been operating in the country for about six months using orange and Afri Money for its operations, using AVY and SLBC to even propagate its message. It's only after citizens have been scammed that our so-called Leaders are now trying to do what US citizens don't understand. Make we beya. Our Leaders contributed for us to be scammed by Super Advert
| 2024-01-05 20:29:21

😭😭😭😭💰
| 2024-01-05 20:27:02

This country nor really serious company way done operation over six months na d bank of salon dae pull press. Oh salon na country
| 2024-01-05 20:26:09

This is really pathetic. You call this timely ?.Super advertis operated without licence close to five months and you are only releasing a statement now that they've scammed us.
| 2024-01-05 20:24:06

Is now you guys are making pres release about super advertis 🤔🤔🤔🤔
| 2024-01-05 20:23:31

Salone na scam All the civil service entity are insecure and lack integrity of informing the general public on safety measures when it comes to service delivery.
| 2024-01-05 20:23:00

BSL should have sent this advise since the time they started October not after they have scammed people huge some of money, how does this warning help now
| 2024-01-05 20:18:25

Please 🙏 we need investigation about super Advertis we trust this government to do their best
| 2024-01-05 20:13:11

An entity that has been in operation for the past 6months now you are releasing press as if you are serious about the people