MBA Forex: Nigeria SEC tip how to cheque if dat investment na 'false or ponzi', denounce MBA Forex

MBA Forex investors dey protest afta di scheme fail
Wetin nosotros call dis foto,

MBA Forex investors dey protest afta di scheme neglect

Di Securities and Exchange Commission SEC Nigeria say MBA Forex no ever dey registered with dem.

Dis one dey come as many pipo wey invest wit MBA Forex don dey practise protestation waka to regime similar di Economical and Fiscal Crimes Commission EFCC to make MBA Forex and di oga behind am, Maxwell Odum to pay dem dia upper-case letter wey dem take invest for di visitor.

Caput of Investigation and Enforcement of di Security and Exchange Commission, Port Harcourt Branch, Enebeli Sussy Sulukwe tell tori pipo for Port Harcourt say, MBA Forex bin endeavor to annals wit dem but dem fail to run into dia registration requirements and dem dey among di market operators wey SEC list for dia website every bit one of those wey dey operate illegally.

"MBA Forex don dey SEC website for over a year with a warning to di general public to beware, so no, dem no dey registered with di SEC.

Di Madam for Investigation and Enforcement of SEC Port Harcourt Co-operative, Enebeli Sussy Sulukwe emphasise say, di commission no ever endorse any scheme wey don crash for Nigeria today and and then make pipo practise dia due diligence, shine dia optics well-well before dem put dia money for any investment.

"Make I brand am very articulate, di Securities and Commutation Commission no endorse any scheme wey don crash for Nigeria today. I dey tell y'all di fact say, whatever of such schemes wey claim say dem registered wit SEC dey tok lie. Dem go go well-nigh dey bear witness pipo fake registration documents. We actually get those schemes listed for our website equally ponzi schemes." She tok.

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How to check whether dat scheme na fake/ponzi scheme

Mrs. Enebeli Sussy Sulukwe dey advise pipo wey wan exercise any investment with any company to do dia due diligence, shine and chook dia centre well-well to investigate, encounter weda dat market operator dey genuine and proper before dem make any move.

She propose pipo to start of all visit di SEC website for www.sec.gov.ng and cheque under di heading 'illegal upper-case letter market operators.' Dia, dem get observe di names of all di companies wey dey do ponzi schemes wey dem don list for dia and wey dem listing every bit illegal market operators because, "na di responsibleness of evri investor to do dia due diligence on weda or non dis schemes dem actually dey registered as dem claim to be."

Also, pesin fit search di search bar for di website for unlawful market operators to see if di company dey among those wey dey di list and/or check dia FAQ section for answers.

SEC say earlier you invest:

  • Understand di nature of di investment
  • Which type of business di scheme dey into
  • Check if di product information technology service di visitor wan sell dey genuine or tangible
  • Bank check weda di rate of returns dey sustainable. Also check if evdey lower or college than CBN Monetart Policy Charge per unit of 14%.
  • But avoid whatever investment y'all no empathize.

To know di registration condition of di investment visitor and promoters SEC say make y'all:

  • Inquire for evidence of incorporation wit Corporate Affairs Committee and registration with Securities and Substitution Committee.
  • Contact SEC past email for sec@sec.gov.ng or call di commission number on 09-4621168 to confirm di firm registration condition.

If di investment no dey registered by SEC, e no dey advisable to venture into am because, "na di responsibleness of evri investor to do dia due diligence on weda or not dis schemes dem actually dey registered as dem claim to be." Di SEC oga tok.