<h4>The Public Is Strongly Advised To Be Wary About Investing With PWAN</h4>
<p><strong><a href="https://openlife.ng/">OpenLife Nigeria</a> </strong>reports that the Securities and Exchange Commission (SEC) has alerted the public on the activities of Property World Africa Network (PWAN), which holds itself out as a real estate investment company and solicits funds from the public for investment purposes through PWAN MAX.</p>
<p>In a statement on Tuesday, the SEC said PWAN/PWAN MAX are not registered either to solicit investments from the public or operate in any other capacity within the Nigerian capital market.</p>
<p>The SEC said investigations revealed that PWAN’s operations exhibit the typical indicators of a fraudulent Ponzi scheme, including the promise of unusually high returns and failure to honour withdrawal requests from subscribers.</p>
<p>“Accordingly, the public is strongly advised to be wary about investing with PWAN/PWAN MAX, as any person who places such <a href="https://guardian.ng/">investment</a> with these entities, does so at his/her own risk.</p>
<p>“The commission similarly reminds potential investors of the need to verify the registration status of investment platforms via the commission’s dedicated portal: www.sec.gov.ng/cmos before transacting with them,” the SEC said.</p>
<p><em>Source: The Guardian</em></p>

Pastor Enoch Adeboye Speaks On Alleged Backing For Tinubu’s 2027 OpenLife Nigeria reports that the…
Just Two Years On The Saddle As Zenith Bank Group CEO OpenLife Nigeria reports that…
Reno Omokri Applauds Peter Obi’s 2027 Political Foresight OpenLife Nigeria reports that Ambassador-designate to Mexico,…
Nigerian Households Groan Over Unaffordable Cooking Gas Cost OpenLife Nigeria reports that Nigerian households are…
The Scale And Regional Implications Of Insecurity OpenLife Nigeria reports that Socio-Economic Rights and Accountability…
APC Has Messed Up Nigeria, Davido Laments OpenLife Nigeria reports that afrobeats superstar, Davido, has…
This website uses cookies.