The Acting Director-General, SEC, Ms Mary Uduk, asked Nigerians to avoid counterfeit budgetary specialists who might guarantee to twofold their cash inside a brief timeframe. The Securities and Exchange Commission .

Uduk talked on Wednesday in Port Harcourt, Rivers State, amid a town lobby meeting composed by SEC on momentum activities by the summit capital market controller to upgrade financial specialist esteem. She clarified that the reason for the gathering with investors and different speculators was to shield them from the tricks of such fraudsters, particularly promoters of Ponzi plans.

However, The acting SEC DG stated cautioned Nigerians to avoid fraudsters and Ponzi plot directors that pull in clueless clients with colossal, however unlikely returns. “The intention is additionally to guarantee that you don’t succumb to the shenanigans of fraudsters who imply to have the capacity to twofold any measure of cash you influence accessible to them as speculation to esteem.

“These fraudsters or promoters of Ponzi plans are the bogus prophets of the venture condition; they are the evil breeze that blows no great and at whose sight you should escape. They are to be kept away from. This is one message you should bring home to family, companions, relations and associates keeping in mind the end goal to spare them from the distress of loss of their well deserved cash.”