Lomé:The Togolese Ministry of Finance has issued a public warning against an association named "Faure Dreams, Bâtissons Ensemble," which has been promoting savings schemes through social media. The association offers daily contributions starting from 100 FCFA with the promise of free distribution of booklets.
According to Agence Togolaise de Presse, the Ministry's communiqué, released on Friday, November 6, categorizes these activities as large-scale open fraud. The group has been enticing individuals by promising expedited acquisition of official documents such as supplementary judgments, nationality certificates, national identity cards, or passports.
The Ministry emphasized that deposit collection is a regulated activity requiring authorization. Investigations revealed that "Faure Dreams, Bâtissons Ensemble" is neither accredited nor listed among recognized microfinance institutions. Therefore, it is not authorized to collect public savings and is not affiliated with or mandated by any public service or the Presidential Council.
The Ministry urged the public to exercise increased caution, especially as the year-end approaches, and indicated that measures are underway to apprehend those responsible for the misleading video. Furthermore, the Ministry reiterated its warning to the fraudsters about the legal consequences of their actions and reaffirmed its commitment to protecting citizens from scams, inviting the public to seek additional information if needed.