SEC warns against investing with iBSmartify Nigeria, InksNation
The Securities and Exchange Commission (SEC) has warned Nigerians against investing with iBSmartify Nigeria.
In a statement signed by Efe Ebelo, its head of corporate communications, SEC said the entity and the products it offers are not registered or regulated by the commission.
“The attention of the commission has been drawn to the activities of iBSmartify Nigeria the promoters of a blockchain known as iBledger (iBcashcryptocurrency) and InksNation,” the statement read.
“The general public is hereby advised that neither the promoters of iBSmartify Nigeria nor the illegal products they offer are registered or regulated by the commission.”
SEC warned that members of the public who deal with the entity do so at their own risk.
“These activities are perpetrated by suspected promoters of Ponzi and other fraudulent schemes under the following identities: Loom Nigeria Money, Box Value Trading Company Ltd, Now-Now Alert, Flip Cash Investment, Result Investment Nigeria Limited, Helping Hand and Investment and No Failure Development and Empowerment Nig. Ltd.”
“MBA Forex and Investment Ltd, Federate Investors Trading Company, Jamalife Helpers Global Ltd, Flexus Global Solutions and Investment Ltd, United Capital Investment Company Limited,” it added.
Mary Uduk, the acting director-general of SEC, had earlier warned that such outfits are not registered to carry out fund management functions of any sort and stressed that people who “stubbornly patronize them end up burning their fingers”.
“The purpose is also to ensure that you do not fall victim to the antics of fraudsters who purport to be able to double any amount of money you make available to them as investment value,” she said.
Uduk also said the commission is undertaking various initiatives to make the capital market more user-friendly such that people can participate in it with greater ease, comfort and convenience.
God save us
What you don’t understand, you fight hard to destroy
So what do you want to do about it
Now permit me to ask, other cryptocurrencies that are operating in Nigeria, are they registered with SEC? Which country of the world is regulating the blockchain technologies originating from them?
Why must our leaders keep disgracing us with their ignorance about the latest technologies? How come SECNigeria did not warn Nigerians about Forsage, Wazobia Investment et’al?
I just dey look our ignorant leaders in this Nigeria, they know nothing about technology and advancement. I always wonder what they discuss in Senate and House of Rep. That’s what is destroying this nation, no support from government, they dream killers. They only partner with the rich and wealthy people, they run after profits.
Your comment..business
For the fact is not registered with SEC does not make it a scam,we have started paying Nigeria that have registered with inksnation…Every exchanger and end users knows that inksnation is here to stay
Enemies of progress shall never prosper in Nigeria
Yes I’m a victim IBsmartify scamped me !!!
Inksnation asked me to transfer money to them before they activate my account and I did for the past 4 days now but they never respond, and I could see them online, I have the payment receipt and every thing here if you doubt it.
Same thing happened to me since three weeks now I registered online I made the transfer but not confirmed. You will see the number they ask
you to send the proof of payment online but if you chat them they will not respond to your message