The Securities and Change Fee (SEC) has issued a powerful warning to Nigerians concerning the actions of Forsman & Bodenfors Ltd, stating that the corporate is neither registered nor authorised to function within the nation’s capital market.
The SEC, in a press release posted on its official web site on Monday, July 14, mentioned the agency has been actively selling its companies throughout social media platforms whereas luring unsuspecting members of the general public with faux guarantees of job presents and funding returns.
Based on the Fee, “The eye of the Securities and Change Fee has been drawn to the actions of Forsman & Bodenfors Ltd often known as F&B, which is paraded by its promoters because the Nigerian Department of a Swedish promoting firm bearing that identify with apparent prison intent.
“The promoters of this fraudulent Nigerian entity go about promising Nigerians automated employment within the firm as compensation for recruiting extra members who’re lured to pay varied sums of cash for varied positions within the firm.”
The SEC mentioned its preliminary investigations reveal that the agency’s operations carry the clear traits of a Ponzi scheme.
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It harassed: “The Fee hereby informs the general public that Forsman & Bodenfors Ltd shouldn’t be registered by the Fee nor approved to solicit funds from the general public or to function in any capability within the Nigerian capital market.”
The regulatory company suggested Nigerians to keep away from any engagement with the agency or its brokers, warning that the chance of monetary loss is extraordinarily excessive.
“Accordingly, the general public is suggested to chorus from partaking with Forsman & Bodenfors Ltd or its representatives in respect of any enterprise within the Nigerian capital market, because the potential danger of shedding funds to the fraudulent promoters of the entity may be very excessive,” it added.
The SEC additionally urged the general public to substantiate the legitimacy of any investment-related firm by means of its portal earlier than transacting.
“The investing public is additional suggested to confirm the standing of corporations and entities providing funding alternatives on the Fee’s devoted portal – https://www.sec.gov.ng/cmos, earlier than transacting with them,” the assertion concluded.
