THE Securities and Exchange Commission has warned Nigerians to shun fraudsters and Ponzi scheme managers that attract unsuspecting customers with huge, but unrealistic dividends.
The Acting Director-General of the Commission, Mary Uduak, urged Nigerians to stay away from fake financial experts, who would promise to double their money within a short time.
Uduak spoke on Wednesday in Port Harcourt, the Rivers State capital, during a town hall meeting organised by SEC with its theme as ‘Current Initiatives by the Securities and Exchange Commission Nigeria to enhance Investors Value’.
She explained that the purpose of the meeting with shareholders and other investors was to protect from the antics of such fraudsters, especially promoters of Ponzi schemes.
The acting SEC DG said, “The purpose is also to ensure that you do not fall victim to the antics of fraudsters who purport to…
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