Nigeria: CAC, EFCC Registrations Not Enough to Make Investment Scheme Legal – SEC

The Director-General of the Securities and Exchange Commission, Dr Emomotimi Agama has warned that obtaining registration from the Corporate Affairs Commission and SCUML certificate from the Economic and Financial Crimes Commission do not confer on any entity the power to operate an investment scheme in Nigeria.

Agama insisted that every investment scheme must be registered by the Commission for it to operate legally in the country.

He therefore warned Nigerians to beware of firms that claim that…