An independent investment consultant, Mr Achindi Akaniyene, has advised those wishing to invest in capital investment companies to carefully consider the decision and not fall victim of those who would run away with their capital.
The investment consultant said that people should do research on the investment company and ask necessary questions before they should ever decide to put money in the investment company and expect return.
He also said people should find out if the company is registered with the Securities and Exchange Commission (SEC) before they should ever decide to invest.
The investment consultant said: “The thing you should look out for first when you want to invest is to look at the firm where you want to invest and then you find out who is regulating that firm. Have they been listed in Nigerian Stock Exchange?”
He said those wishing to go for monetary investment should find out if the company is listed on the Nigerian Stock Exchange and the regulatory bodies overseeing the operations of the investment company.
Akaniyene said that people should invest in what they understand and identify investment products suitable for them.
He said although Nigerians would be desperate to invest in schemes and expect financial return they should be careful in making the choice and avoid the risk of becoming duped.
He also said that people should avoid the error of putting their money in investment companies without getting to know much about where they were investing.
He said that people should invest only in companies that are licenced to operate an investment company.
Only recently those who invested in an investment company MBA Trading and Capital Investment Ltd had protested to the Port-Harcourt office of the Economic and Financial Crimes Commission (EFCC) and demanded that the agency investigate and prosecute the managing director of the MBA Trading and Capital Investment Ltd.
Some of the investors who spoke with newsmen said the company failed to pay their interest on capital invested in the company since October last year and said that the anti-corruption agency should investigate and prosecute the managing director of the MBA investment company.
The independent investment consultant shared his thoughts as a guest on Nigeria Info 92.3 in Port-Harcourt.
He said that people should invest only where they would be sure their principal and interest would be secure.
