News Formal

SEC urges Nigerians to avoid deals with FinAfrica, Poyoyo Investment

  • 📰 NigeriaNewsdesk
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

SEC urges Nigerians to avoid deals with FinAfrica, Poyoyo Investment via todayng

A circular by the management of SEC and published on the commission’s website said the activities of the companies were not registered by it.

”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 Chinmark Group. “The commission hereby notifies the investing public that Poyoyo Investment Nigeria Limited have no tangible business model, hence it is a Ponzi scheme where returns are paid from other people’s invested sum,” it added.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

todayng What has happened to crowdyvestng

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FinAfrica, Poyoyo Investment Limited are illegal operators, SEC warns Nigerians | TheCableSEC has warned members of the public not to deal with FinAfrica Investment Limited and Poyoyo Investment (Pilvest) Nigeria Limited.
Source: thecableng - 🏆 2. / 80 Read more »

FinAfrica, Poyoyo Investment Limited are illegal operators, SEC warns Nigerians | TheCableSEC has warned members of the public not to deal with FinAfrica Investment Limited and Poyoyo Investment (Pilvest) Nigeria Limited.
Source: thecableng - 🏆 2. / 80 Read more »