fter alerting the Nigerian public to a ponzi scheme operated by Poyoyo Investment (PILVEST) Nigeria Limited, the Securities and Exchange Commission, Nigeria (SEC) has again raised an alarm to another fake investment scheme.
TheNewsGuru.com (TNG) reports SEC in a statement published on it’s website stated that the company operating the fake investment scheme is not registered and that the investment scheme promoted by the entities are also not authorized.
The statement reads: “The attention of the Securities and Exchange Commission, Nigeria (“SEC”) has been drawn to the activities of an Illegal Operator (FINAFRICA INVESTMENT LIMITED).
“The Company claimed to be an Investment Company that engages in Business Development in Commercial sectors of the economy and uses the funds in entities under Chimark Group.
“The Commission hereby notifies the investing public that neither FINAFRICA INVESTMENT LIMITED nor Chimark Group is registered by the SEC and the Investment Scheme promoted by these entities are also not authorized by the SEC.
“In view of the above, the general public is hereby WARNED that any person dealing with the within named Company in any capital market related business is doing so at his/her own risk”.