‘Stop investing in forex trading, bitcoin’, EFCC Warns Nigerians

The Economic and Financial Crimes Commission, (EFCC), has warned Nigerians against investing in fraudulent investment schemes that promised high returns with little risk.

In a statement issued on Monday by its Head, Media and Publicity, Wilson Uwujaren, the Commission asked Nigerians to stop investing in Ponzi schemes, forex trading, and most recently, bitcoin trading.

The EFCC expressed worry that despite the enforcement and public enlightenment interventions from it and other stakeholders, such investment scams had continued to thrive.

It urged Nigerians to desist from taking an uncalculated risk in desperation to earn a windfall, saying that schemes like bitcoin and forex trading were mostly unregulated and prone to scam.

The EFCC expressed worry that despite the enforcement and public enlightenment interventions from it and other stakeholders, such investment scams had continued to thrive.

It urged Nigerians to desist from taking an uncalculated risk in desperation to earn a windfall, saying that schemes like Bitcoin and forex trading were mostly unregulated and prone to scam.

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