The Securities and Exchange Commission (SEC) has warned stakeholders and the investing public against the activities of some unlawful/unlicensed market operators and promoters of other fraudulent schemes.
This was disclosed in a circular, which was released by the apex capital market operator to the investing public and capital market operators.
“The commission, in recent times, has observed the proliferation of the operation of unlawful/unlicensed investment schemes, with promises of huge, but unjustifiable returns on investment.’’
SEC said these activities are perpetrated by the suspected promoters of these Ponzi and other fraudulent schemes. These Ponzi scheme operators include:
- Loom Nigeria Money
- Box Value Trading Company Ltd
- Now-Now Alert
- Flip Cash Investment
- Result Investment Nigeria Limited
- Helping Hand and Investment
- No Failure Development and Empowerment Nigeria Ltd.
- MBA Forex and Investment Ltd
- Federate Investors and Trading Company
- Jamalife Helpers Global Ltd
- Flexus Global Solutions and Investment Ltd
- United Capital Investment Company Limited
NAMES AND LIST OF FRAUDULENT DETAILS WHO SCAM INNOCENT CITIZENS IN NIGERIA BY CREATING A FAKE PONZI WEBSITE THIS CATEGORY OF PEOPLE HAS BEEN BLACKLISTED BY NIGERIA POLICE!
Phone Number & Name
(1) THE ACCESS BANK
JOY CHIOMA ABUREMEN
(2) FUNBI ADENIFUJA…
A pgd head admin details
+234 906 307 4393
Bank details are listed below
Access bank 000685020
(4) A. OLANREWAJU
Account Name: Bammodu Abdulqudus Titilope
Account Number: 0165784075
Deborah Sunday ubak
Bank: diamond access
Phone number 08127509887
SEC pointed out that, “Members of the public are to note that by virtue of the provisions of section 39(1) of the Investments and Securities Act (ISA) 2007, only persons registered with the commission can engage in capital market activities, thus making the actions of these entities listed above unlawful.”
Consequently, SEC advised the general public to refrain from investing in any scheme from those firms that have been listed and warned that anybody that invests in any unlicensed/unlawful scheme, does so at their own peril.