EFCC Operatives Cautions Nigerians Against Bitcoin, Forex Trading And Others

By Mod2   1 week ago   41
Business - Top Stories

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The Economic and Financial Crimes Commission (EFCC) has warned Nigerians against what it described as any investment that promises returns that looks too good to be true. “Though risk-taking is considered by some as the oxygen that drives investment decisions, the commission warns the public against taking unmitigated risk in desperation to earn a windfall.

“Investment in Bitcoin, for instance, is a high risk activity as the terrain is largely unregulated, and prone to fraud,” the anti-graft agency said. EFCC spokesman, Wilson Uwujaren, who gave the warning in Abuja, said the commission was alarmed at the rate Nigerians send petitions to the anti-corruption agency on fraudulent investments that promise high return with little risks to investors.

[NewsNaira]


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Nigeria my country hmm


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Emily Otuedon
1 week ago

When the rate of unemployment is high what do u expect. People are hungry


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Edem Friday
1 week ago

The htsksg bag


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