The Nigerian Deposit Insurance Corporation (NDIC) DOES NOT guarantee investment deposits made to Investment Managers of any kind or trading in any asset class.
If an "investment manager" tells you his company or product is registered with NDIC....RED FLAG
FLEE....
If an "investment manager" tells you his company or product is registered with NDIC....RED FLAG
FLEE....
ALL companies registered at Federal Level must have a RC # or CAC Registration.
If i sell sweets and I register a limited liability company, I will be CAC registered.
So an investment company saying "we have CAC registration" means they simply registered like my sweet coy
If i sell sweets and I register a limited liability company, I will be CAC registered.
So an investment company saying "we have CAC registration" means they simply registered like my sweet coy
ALL and any companies that seek to collect funds from investors to invest in Nigeria in any investment scheme MUST have a Securities and Exchange Commission license..
No exceptions
Even Banks licensed by CBN MUST have a SEC license for a subsidiary to trade...
No exceptions
Even Banks licensed by CBN MUST have a SEC license for a subsidiary to trade...
So in summary before you even start to look at the number and ROI of the investment....ask
1. Are you CAC registered
2. Are you SEC registered
3. Are both registrations current
Note the law requires those registration are displayed prominently in place of business.
1. Are you CAC registered
2. Are you SEC registered
3. Are both registrations current
Note the law requires those registration are displayed prominently in place of business.
