Senate President Godswill Akpabio has refuted reports that the Senate is involved in online loan applications.
The Senate President distanced himself from a fake “N200,000 Palliative Loan By the Senate” advertisement bearing his picture with the coat of Arms and Central Bank of Nigeria’s (CBN).
In a statement released on Wednesday by his media, Eseme Eyiboh, Senator Akpabio said no such loan or palliative exists in the office of the President of the Senate or his name.
Akpabio said the advertisement is the handiwork of fraudsters and unscrupulous elements who are out to exploit hapless Nigerians and asked the citizens to disregard it because it is a scam. 
The statement reads: “The attention of the Office of the President of the Senate has been drawn to a fake “N200,000 Palliative Loan By the Senate” bearing the picture of Senator Godswill Akpabio with the coat of Arms and Central Bank of Nigeria’s (CBN) logo on the Facebook handle of one Templeshort requesting unsuspecting members of the public to apply and “Get instant Loan Approval”.
“We wish members of the public to know that this advertisement did not emanate from the Office of the President of the Senate but it is the handiwork of fraudsters and unscrupulous elements who are out to exploit hapless Nigerians.
“The general public should note that the Office of the President of the Senate have nothing to do with Templeshort and does not in any way have any connection with anyone operating a Facebook handle by the name Templeshort.
“The President of the Senate does not and is not operating any loan programme or palliative arrangement; neither is Senator Godswill Akpabio working in conjunction with the CBN or any other financial institution on any loan facility as palliative.
“We, therefore, advise members of the public to be wary of these criminal elements, who are experts in employing underhand methods to prey on unsuspecting Nigerians and disregard this advertisement and similar advertisements purportedly being sponsored online by the Senate for loans or palliative. No such loan or palliative exists in the office of the President of the Senate or in the name of Senator Godswill Akpabio.”
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