The Securities Exchange Commission has claimed that due to unlawful investment and other capital market operations, it has closed Ready Finance Investors Limited’s locations.
The Punch reported that the action, according to a statement released by the commission on Thursday, was a component of efforts to purge dishonest capital market operators from Nigeria’s capital market and provide genuine enterprises with every chance to thrive within the framework.
According to the statement, the company’s headquarters in Abuja’s Garki Area was closed and sealed on Tuesday for providing a number of financial investment services and schemes that looked like a secret Ponzi scheme.
The program lures customers in with guarantees of fixed returns on investment, subject to the particular package to which a client subscribes,” the statement added.
According to the statement, Ready Finance Investors Limited’s operations and activities in the capital market are prohibited since it is not registered with the Commission to conduct any activity in that area. Law enforcement officials are presently handling the situation in order to conduct a criminal investigation and possible prosecution.
