Is Mba Forex Registered With Ndic

BBC Pidgin of Midweek, 5 May 2021

Source: www.bbc.com

2021-05-05

MBA Forex: Nigeria SEC tips on how to spot ponzi investment, denounce MBA Forex

Pipo wey dey protest against MBA forex plus dia oga to refund dia monies

Di Securities and Exchange Committee SEC Nigeria say MBA Forex no always dey registered with dem.

Dis one dey come up as many pipo wey invest wit MBA Forex don dey do protest waka to government similar di Economic and Fiscal Crimes Commission EFCC to make MBA Forex and di oga backside am, Maxwell Odum to pay dem dia capital wey dem take invest for di company.

Head 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 try to register wit dem but dem neglect to encounter dia registration requirements and dem dey among di market operators wey SEC list for dia website equally ane of those wey dey operate illegally.

"MBA Forex don dey SEC website for over a twelvemonth with a alert to di general public to beware, then no, dem no dey registered with di SEC.

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

"Make I make am very clear, di Securities and Exchange Commission no endorse any scheme wey don crash for Nigeria today. I dey tell you di fact say, whatever of such schemes wey claim say dem registered wit SEC dey tok lie.

"Dem go go about dey prove pipo fake registration documents. We actually get those schemes listed for our website every bit ponzi schemes," she tok.

How to cheque whether dat scheme na fake/ponzi scheme

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

She suggest pipo to first of all visit di SEC website for www.sec.gov.ng and check under di heading 'illegal upper-case letter market operators.'

Dia, dem get find di names of all di companies wey dey do ponzi schemes wey dem don list for dia and wey dem list as illegal market operators because, "na di responsibility of evri investor to practise dia due diligence on weda or not dis schemes dem actually dey registered as dem claim to be."

Likewise, 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 before you invest:

Understand di nature of di investment

Which type of business di scheme dey into

Cheque if di production information technology service di company wan sell dey genuine or tangible

Check weda di rate of returns dey sustainable. Likewise cheque if evdey lower or college than CBN Monetart Policy Charge per unit of xiv%.

But avert whatever investment you no understand.

To know di registration status of di investment visitor and promoters SEC say brand you:

Enquire for evidence of incorporation wit Corporate Affairs Commission and registration with Securities and Commutation Commission.

Contact SEC by e-mail for sec@sec.gov.ng or call di commission number on 09-4621168 to confirm di firm registration status.

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

Is Mba Forex Registered With Ndic,

Source: https://www.ghanaweb.com/GhanaHomePage/bbc/MBA-Forex-Nigeria-SEC-tips-on-how-to-spot-ponzi-investment-denounce-MBA-Forex-1251898

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