MBA Forex is Illegal, we warned Nigerian People – SEC
Tiamiyu Saheed Oluwatosin
The Securities and Exchange Comisssion has said it warned Nigerian People against investing in the now troubled MBA Forex scheme.
The Port Harcourt Head of Investigation and Enforcement for SEC, Suzzie Enebli made the observation during at event held in Port Harcourt.
Enebli was reacting to series of protests by investors of the MBA Forex who are demanding for the refund of their investment capital and the arrest and prosecution of the management of the scheme.
The SEC official disclosed that the MBA Forex has been illegally operating in Nigeria, noting that the scheme was denied registration by the commission following its failure to meet the requirements.
She said “MBA Forex has never been registered with the Securities and Exchange Commission. They tried to get registered with us, but failed to meet our registration requirements.
“As a matter of fact, the MBA Forex is one of those market operators who were illegal and is listed on our website. MBA Forex has been on the SEC website for over a year with a warning sounded to the general public to beware”.
READ ALSO >>> NAWOJ embarks on prayer session for Nigeria - Security
“So they have never been registered with the SEC”.
She further advised the general public to apply their due diligence before investing in any scheme by visiting the regulator’s website.
HILARIOUS >>> WATCH Comedy Video: Alhaji Musa – The Maid (Part 2)
LISTEN TO >>> Music : BBM iphanyi – For My Table
WATCH >>> Comedy Video: Alhaji Musa – The Gossip
READ ALSO >>> Download Music Video: Junior Boy Ft CDQ – Bombay 2.0
For All Nigeria Past Questions Visit www.QUESTION.NG
Kindly share this post on different Social Media below
NOTE: User comments in this section are, as the name implies, provided by users of this website. The question.ng team is not responsible for, nor do they endorse, any of the information provided here.