By Alvin Lansana Kargbo
In a significant turn of events, Orange Money has been vindicated by government institutions following the exposure of fraudulent activities by an entity named “Super Advertis.” Recent public notices issued by the Bank of Sierra Leone and the Financial Intelligence Unit (FIU) shed light on the illicit operations of Super Advertis, with Orange Money emerging untarnished from any wrongdoing.
The Bank of Sierra Leone, in a public notice issued on January 5th, 2024, categorically stated that “Super Advertis” had not been granted a license to conduct any financial activity. The online-based entity was accused of enticing individuals to invest in a covert financial scheme through mobile money platforms. The Bank’s notice served as a stern warning to the public, urging them to refrain from engaging in any financial transactions with Super Advertis due to its illegal activities.
Subsequently, the Financial Intelligence Unit (FIU) announced on January 4th, 2024, that it was actively investigating Super Advertis for suspected unlawful activities, referring to it as a potential “Ponzi scheme.” The FIU highlighted the collaboration with mobile money service providers, including Orange Money, in restricting access to the suspected fraudsters’ accounts and cooperating with relevant authorities in ongoing investigations.
Orange Mobile Finance, in response to the allegations, took a resolute stance, denying any association with Super Advertis. The company clarified on 3rd January, 2024, that no contractual ties exist between their platform and the dubious entity. Orange Mobile Finance emphasized that no accounts linked to Super Advertis were frozen within the Orange Money platform.
The mobile network company reaffirmed its commitment to stringent guidelines, ensuring that all Orange Money agents, dealers, and partners operate within defined boundaries. Deviation from these norms triggers regulatory intervention to protect customer interests, showcasing the company’s dedication to providing a secure and trustworthy financial ecosystem.
Furthermore, Orange Mobile Finance acknowledged potential unwitting transactions with Super Advertis through its platform, providing guidance for affected customers to seek refunds directly from the respective agent. The company condemned inciting social media posts by Super Advertis, emphasizing adherence to legal and ethical standards.
Orange Sierra Leone, a distinct entity from Orange Mobile Finance, went a step further in distancing itself from Super Advertis’ fraudulent activities. The company clarified that unauthorized agents, not directly linked to Super Advertis transactions, facilitated illicit fund collection for the fraudulent platform. Immediate action was taken by Orange Sierra Leone upon discovering these deceitful transactions, suspending the accounts of unauthorized agents and reporting the issue to the Bank of Sierra Leone.
Despite attempts to reach the suspended agents proving futile, Orange Sierra Leone expressed confidence in the ongoing investigations and awaits the Bank of Sierra Leone’s subsequent steps. The company’s proactive approach and adherence to legal and ethical standards underscore its commitment to maintaining integrity in the financial sector.
As the Super Advertis saga unfolds, Orange Sierra Leone remains resolute in its dedication to ethical business practices and customer service, solidifying its reputation as a credible entity in Sierra Leone’s financial landscape.