EFCC Raises Alarm over Fraudulent Investment Schemes…

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EFCC Raises Alarm over Fraudulent Investment Schemes

The Economic and Financial Crimes Commission, EFCC, is alarmed at the rate Nigerians send petitions to the Commission on fraudulent investments that promise high return with little risks to investors.

This trend indicates that investment scams continue to thrive despite the enforcement and public

enlightenment interventions by the Commission and other stakeholders.

The direct implication is that hapless citizens are losing their hard-earned money to fraudsters, compounding the nation’s economic woes. Many have lost, and are still losing, money to Ponzi schemes, forex trading and most recently Bitcoin trading.

Though risk-taking is… Mehr



Source: EFCC News