Fake Investment Companies In Nigeria
Investment scams involve promises of big payouts, quick money or guaranteed returns. Always be suspicious of any investment opportunities that promise a high return with little or no risk – if it seems too good to be true, it probably is – and is highly likely to be a scam.
Nigerians lose more money to investment scams than any other. They can be hard to spot, so before investing always look at for these red flags:
4 Signs Of A Fake Investment Companies In Nigeria
1. You are brought in by someone you know as a “referral.”
These are some of the oldest scams in the book, and they rely on the power of social circles. The scammer will pay off the people in the initial rounds of the scam, in order to persuade them to bring in more of their friends and associates. You are convinced because you actually know someone who got paid the promised amount.
Also Read: Step-by-step Guide On How To Buy MTN Shares In Nigeria
2. High returns with little or no risk.
Every investment carries some degree of risk, and investments yielding higher returns typically involve more risk. Be highly suspicious of any “guaranteed” investment opportunity.
3. Secretive, complex strategies.
Avoid investments if you don’t understand them or can’t get complete information about them.
3. Urgency.
Many con artists will pressure you with “limited time offers” in order to force you to make a quick decision. They don’t give you the time to consider whether or not their offer truly makes any sense at all.
4. They Claim it’s Unique Opportunity
Sometimes people claim that they have access to a unique opportunity, something that is not offered to regular people. The scammer might be very religious which is another thing you should watch out for. Or they may claim to have mastered a technique involving cryptocurrency or forex .
