Nigerians have been reminded by the Central Bank of Nigeria (CBN) to avoid engaging with illegal and unregistered financial operators who entice and scam members of the public with large profits.
This was disclosed in a circular released on the CBN website titled “ADVISORY ON ILLEGAL FINANCIAL OPERATORS IN NIGERIA” signed by the Secretary, FINANCIAL SERVICES REGULATION COORDINATING COMMITTEE (FSRCC).
The apex bank told the public to check the websites of the CBN, the Securities and Exchange Commission (SEC), and other relevant member agencies of the FSRCC before investing in such companies and schemes.
The surge in the operations of Illegal Financial Operators (IFOs), according to the apex bank, is disturbing and poses a major danger to public confidence and Nigeria’s financial stability.
The document partly reads, “The FSRCC wishes to draw the attention of the general public to the worrisome increase in the activities of the Illegal Financial Operators (IFOs) which portends grave risk to public confidence and the stability of the Nigerian Financial System.”
The Federal High Court in Abuja has dismissed the treason charges brought against the…
What to know about the end of the #USElection2024 campaign The most recent polling analysis…
#US election 2024 Live Updates: What you need to know about USelection2024 latest polls •…
A royal commentator suggests that Prince Harry and Meghan Markle are taking separate paths in…
PHILADELPHIA/GRAND RAPIDS, Michigan (Reuters) -Donald Trump and Kamala Harris both predicted victory as they campaigned…
The Economic and Financial Crimes Commission (EFCC) arrested Ifeanyi Okowa, the immediate past governor of…