THE Securities and Exchange Commission (SEC) has warned the public about three entities that have been soliciting investments without a license, with two of them not even registered with the agency.
THE Securities and Exchange Commission has warned the public about three entities that have been soliciting investments without a license, with two of them not even registered with the agency.
The SRC defines securities as shares, participation or interests in a corporation or a profit-making venture and evidenced by a certificate or contract. “The persons who invested their hard-earned money were left dry by the administrators of the website as they were not able to withdraw their investments when the website closed and became inaccessible,” the regulator said.
The entity offers investment packages for as low as 3,500 and up to 65,000 Nigerian nairas, with the potential profit depending on the time the amount of initial capital was deposited.
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