Werey CBN

And yet the government makes no attempt to arrest and prosecute the operators of these schemes.

They fleece people of their hard earned cash and still live like kings in their hideouts.

What about the ones that didn't use extraordinary returns to lure investors, yet defaulted and owing investors billions of naira?

Is 3% a month an extra ordinary returns?

So what is CBN doing about these set of investment companies?

What matters to Naija people at the moment is cashing out.

If they're unlicensed, that means they're breaking a law, what are you supposed to do to law breakers?

Are you not supposed to clamp down on them? Instead you're passing the buck to the citizens, how about those who're not able to tell a licensed from an unlicensed operator?

This my fellow Ika man just dey fall hands anyhow.

somehow:
What about the ones that didn't use extraordinary returns to lure investors, yet defaulted and owing investors billions of naira?

Is 3% a month an extra ordinary returns?

So what is CBN doing about these set of investment companies?

3% per month compounded interest is equal to 42.6% per year. Why borrow money at such interest rate when you can easily get a loan from the bank if you can demonstrate that your business is viable?

dfrost:


I don't think so. Humans are naturally greedy all over the world. Although it will reduce to the barest minimum.

baba leave them develop countries wey de gud pple still de do gambling... Fix Nigeria ko...

loan apps wants to kill me oo

dorox:


3% per month compounded interest is equal to 142.6% per year. Why borrow money at such interest rate when you can easily get a loan from the bank if you can demonstrate that your business is viable?

They didnt promise any compounded interest. It's 3% per month only because you're leaving your money with them for 9 to 12 months.

That's 30% in 9 months and 36% in 12 months.


Can we say these rates are extra ordinary?

They are not hiding.... why not charge them and shut down the operations?

CBN of Nigeria, open opportunities to young Nigerian graduates!!!

Should those platforms even operate if you peoples head is correct? They use your banks and have access to people's details...if you people are not involved would they be in existence ? People get scammed
through the banks, ransome paid into peoples account and the bank cannot arrest such persons and you here spewing trash...

Azeemokoya:

https://newsroundtheclock.com/cbn-urges-nigerians-to-shun-activities-with-unlicensed-financial-operators/

Will Nigerians hear?
As I am typing this,there is a certain smooth talker rehearsing to be the next MMM.
When he or she feels they are ready,they will get down to business of convincing Nigerians of their investment scheme.
And Nigerians WILL STILL INVEST.
and we think buhari is the problem with Nigeria?

freeze their account na

Mba forex had all those registrations listed, yet they defrauded many people...

Nigeria is just not a working country. If people like these are arrested and imprisoned, other won't come up to replace them

Gf

FERNANDEZISBACK:
It sounds great to your ear right? I want it to keep ringing all the days of your li**..

you hate west religion (Christian) but see them above black

why not hate them completely?

dfrost:


I don't think so. Humans are naturally greedy all over the world. Although it will reduce to the barest minimum.

You must understand the difference between greedy and desperation.

When urgent financial challenges arises people becomes desperate not greedy.

MEGAWATCH:


You must understand the difference between greedy and desperation.

When urgent financial challenges arises people becomes desperate not greedy.

Okay, so in this case, it's desperation, right?

But they still want fast ROI on their money, so what does that translate to?