The Securities and Exchange Commission (SEC) has sealed the premises of Ready Finance Investors Limited for engaging in illegal investment and other capital market activities.
The Commission in a statement on Thursday announced the shutting down of the firm located at Flat 5, AYA Memorial Plaza, Nkwere Street, Area 11, Garki, Abuja.
It further stated that the excercise was part of the commission’s effort to rid the nation’s capital market of fraudulent operators.
“As part of efforts to rid the capital market in Nigeria of fraudulent capital market operators and create a veritable opportunity for legitimate businesses to thrive in the system, the Securities and Exchange Commission (SEC), on Tuesday, December 12, 2023, sealed the premises of READY FINANCE INVESTORS LIMITED for engaging in illegal investment and other capital market activities,” the statement read in part.
Ready Finance Investors Limited offers schemes that “entice clients with promises of fixed returns on investment, contingent upon the specific package to which a client subscribes,” the Commission said.
SEC stated that the firm “is not registered with the Commission to conduct any activities in the capital market, rendering its operations and activities therein illegal. Adding that the matter is currently under the purview of law enforcement agencies for criminal investigation and subsequent prosecution.”
The Commission further urged Nigerians to refrain from subscribing to any product or schemes from the sealed firm, adding that doing that is at the person’s risk.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
