The activities of Famzhi Interbiz Limited, an investment company located in Kubwa, Abuja, has been disclaimed by the Securities and Exchange Commission(SEC), saying that neither the entity nor the illegal products they offer are registered or regulated by the Commission.
The Head of Corporate Communications at (SEC), Mr. Efe Ebelo, made this known in a statement made available to newsmen in Abuja on Sunday. According to SEC: “The attention of the Securities and Exchange Commission has been drawn to the illegal fund management operation conducted by Famzhi Interbiz Limited. The Commission wishes to inform the public that Famzhi Interbiz Limited is not registered to operate in the Nigerian Capital Market." The company had applied to the Commission for registration to operate in the capital market but was unable to fulfil certain regulatory pre-conditions required for the grant of registration. The SEC stated that despite not being registered by the Commission, the company had proceeded to unlawfully solicit funds from the investing public on product(s) neither registered nor approved by the Commission, with the promise of a guaranteed return on investment in clear violation of the Securities and Investment Act (ISA) 2007. Consequently, the Commission stated that it has referred the company to the appropriate law enforcement agency for criminal investigation and possible prosecution for violation of the provisions of the Investments and Securities Act 2007 and other relevant laws in Nigeria.
Got gist? SMS:08029976464 WhatsApp:08029976464 Email:inkubwa@gmail.com
No comments:
Post a Comment